Kenergy Scientific, Inc. Announces Corporate Update And Domicile Change to Wyoming
October 05 2017 - 10:19AM
InvestorsHub NewsWire
MIAMI, FL--(NewMediaWire - Oct 5, 2017)
- Kenergy Scientific, Inc. (OTC
PINK: KNSC) today announces a corporate update regarding two
aspects of its business. First, the Company has approved and
completed the change of its state of incorporation by being
re-domiciled to Wyoming. Second, a brief update regarding the
merger, and further explanation of its activities since the
announcement on September 1, 2017 of the signed LOI. KNSC will
acquire 100% of the Target Company, a 40-year-old established
company, which presently includes projected revenue in 2017
totaling $5.6 million. The acquisition is in its final stages of
completing acquisition planning while both parties are finalizing
the definitive agreements.
"This acquisition will bring to the company a world premiere,
iconic brand that's been in the community for more than 40
years. The Target Acquisition's reputation is a significant
competitive advantage in a very unique market segment. To
date, no one has created the necessary infrastructure to capture
all phases of this resort lifestyle -- until now," said Erwin
Vahlsing, Jr., president of Kenergy Scientific, Inc. "The new
company will bring together the resources needed to engage the
local community on all levels, and in every phase of their life --
relaxation and fitness, banking and insurance, and senior care, all
dedicated to the unique needs of the Resort community," he
concluded.
Additionally, the Company believes the overall management and
operations processes, that have been put in place by the new
company's management, set apart the overall experience of its
guests. These processes are meant to assure each customer
experiences a secure, relaxing, and enjoyable visit.
Safe Harbor Statement: The information posted in this release may
contain forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. You can identify
these statements by use of the words "may," "will," "should,"
"plans," "explores," "expects," "anticipates," "continue,"
"estimate," "project," "intend," and similar expressions.
Forward-looking statements involve risks and uncertainties that
could cause actual results to differ materially from those
projected or anticipated. These risks and uncertainties include,
but are not limited to, general economic and business conditions,
effects of continued geopolitical unrest and regional conflicts,
competition, changes in technology and methods of marketing, and
various other factors beyond the Company's control.
CONTACT INFORMATION
Kenergy Scientific, Inc.
Phone: 800-277-0321
Email: infoknsc@otcpubco.com