Attune RTD Executes Letter of Intent for Change of Control of Certain Officers
April 08 2014 - 2:45PM
Marketwired
Attune RTD Executes Letter of Intent for Change of Control of
Certain Officers
PALM SPRINGS, CA--(Marketwired - Apr 8, 2014) - Attune RTD
(OTCQB: AURT), a premier provider of Smart Energy Management
Products and innovator of the patented BrioWave Smart Energy
Management Technology executes a Letter of Intent, (the "LOI") to
Change Control of certain officers by and between Beacon Global
Partners, LLC (BGP) a Wyoming Limited Liability Company and the
Company to acquire Majority voting Control of Attune RTD. The "LOI"
is precedent to a formal Change of Control Agreement, which is
expected to be finalized within 15 days of the date of filing of
the Company's Annual 2013 Form 10-K report to the SEC, on or about
April 15, 2014. After the "closing" of the transaction contemplated
by the "LOI", BGP will hold 51% of the voting securities of our
Company and is expected to close on or before the first quarter of
2015. As of the date hereof, BGP holds 0% of the voting securities
of our Company.
Our current C.E.O., Shawn Davis, and our C.F.O., Thomas Bianco
have agreed to resign effective on the date of filing of the
Company's Annual 2013 Form 10-K report to the SEC, on or about
April 15, 2014. Both Davis and Bianco have each agreed to continue
to serve as consultants on an as-needed basis to the Company and to
provide such duties and responsibilities as requested by BGP in
writing. Both Davis and Bianco will continue to serve as Directors
on our Board of Directors. There are no disagreements between us
and Mr. Davis or Mr. Bianco. No replacement for Mr. Bianco's former
position has been named at this time.
Mr. Davis stated, "I conceived BrioWave technology with my
father and he has left an indelible mark on the technology, so it
has a very special and personal meaning to me. I further advanced
it with Tom and both of us are incredibly passionate about BrioWave
technology and will do all that we are capable of to advance the
Company to the next level for our friends and shareholders who
along with us share in a vision of success. It's both my passion
and Mr. Bianco's passion and desire to do everything we can to help
facilitate an easy transition for Mr. Miller and Mr. Starr, which
we are in the process of doing right now. I am confident in our
technology and in the new leadership and direction of Mr. Miller
and Mr. Starr. Tom and I have worked incredibly hard, though
challenged, our technology has been in the field working across
three states operating without failure to simplify people's lives
and save them money. Throughout our tenure we have had many
successes such as earning a pilot with a major utility vendor,
implementing hardware and software watchdogs on the device, earning
CSA certification, and other numerous improvements and enhancements
to improve its functionality. We are confident that these gentlemen
have the ability and network of contacts to raise sufficient
capital to take Attune RTD to the next stage."
Effective on the date of filing of the Company's Annual 2013
Form 10-K report to the SEC, on or about April 15, 2014, Mr.
Kenneth Miller will be our Chief Executive Officer and a Director
on our Board of Directors. Effective as of the filing of the
Company's Annual 2013 Form 10-K report to the SEC, on or about
April 15, 2014, Mr. Sam Starr will be our Chief Operating Officer
and a Director on our Board of Directors. Our Board of Directors
will now consist of Davis, Bianco, Miller, and Starr.
Pursuant to the terms and conditions of the "LOI", BGP will
provide Attune with ongoing capital financing on a monthly basis
until closing.
Mr. Miller states, "We have seen the results and cost savings
provided to consumers and are committed to bringing this product to
market, especially to Southeast Asia, who is in dire need of energy
management solutions, and is at the center of changes in the
international reordering of energy supply and demand patterns. Sam
brings to the table decades of seasoned marketing experience that I
am certain will benefit the Company on the sales side of the
equation. Finally, shortly after the filing of the Company's Form
10-K, I plan on addressing the shareholders and sharing my long and
short term views going forward. Just know that I am incredibly
excited and charged with energy to lead Attune RTD with my partner
Sam Starr along with Mr. Davis and Mr. Bianco. More to come
soon!"
About Attune RTD Attune RTD is a premier provider of Smart
Energy Management Products. Attune's first to market product, The
BrioWave 175p, has the ability to control large electrical loads,
communicate with the smart meter and deliver up to the minute time
critical information to utilities that rely on a constant flow of
real time data for business sensitive decisions. BrioWave
technology intelligently manages energy consumption and can save
consumer up to 70%. Attune RTD's flagship product, The BrioWave
175p™ (www.briowave175.com), is a low cost, scalable, interoperable
platform intended to be an essential part of the smart grid
infrastructure. For more information, please visit:
http://www.attunertd.com
Legal Disclaimer The statements contained in this press release
contain certain forward looking statements, including statements
regarding the company's expectations, intentions, strategies, and
beliefs regarding the future. All statements contained herein are
based upon information available to the company's management as of
the date hereof, and actual results may vary based upon future
events, both within and without the control of the company's
management.
MEDIA ENQUIRIES:
Attune RTD Investor Relations Tel: (855) 274-6928 ext. 6 Email:
IR@attunertd.com http://attunertd.com/
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