Redijet, Inc. announces a change in control as result to the sale of controlling shares and a "reverse merger" transaction wi...
August 07 2013 - 11:30AM
OTC Markets
Woodbury, New York August 7, 2013 - Redijet,
Inc. (Symbol: RJTI, ?Redijet? or the ?Company?) announced today
that the
controlling interests of the Company have been sold to two
investors by the
Company?s former president, Jeffrey Miller. The Company is also
pleased to
announce that it consummated a reverse merger with Uninsured
Motorist Asset
Investigation Recovery Services, Inc. (?UMAIRS?), a New York
corporation.
On August
2, 2013, Jeffrey
Miller, the controlling shareholder
of the Company, entered into two stock purchase agreements and sold
all of his
restricted shares of common stock, par value $.001 of the Company
(?Common
Stock?), in the amount of 100,260,000, to two investors, who
aggregately own 86.79%
of the Company?s issued and outstanding shares, not including the
shares issued
in the reverse merger, as a result of the change of control. In
connection with
the change of control, Jeffrey Miller resigned as President,
Secretary,
Treasurer and director of the Company. Robert Remolador was
appointed as the
new President, Chief Executive Officer, and director of the
Company.
Also on August 2, 2013, the Company, UMAIRS,
and stockholders of UMAIRS who collectively own 100% of UMAIRS?s
shares (the
?UMAIRS Stockholders?) entered into and consummated transactions
pursuant to a
Share Exchange Agreement (the ?Share Exchange Agreement,? such
transaction
referred to as the ?Share Exchange Transaction? or ?Reverse
Merger?), whereby the
Company issued to the UMAIRS Stockholders 20,000,000 shares of
Common Stock of
the Company, in exchange for 100% of the equity interests of UMAIRS
held by
UMAIRS Stockholders. As a result of the Share Exchange Transaction,
UMAIRS
became a wholly-owned subsidiary of the Company.
About Uninsured Motorist Asset Investigation
Recovery Services, Inc. (?UMAIRS?)
Uninsured Motorist Asset Investigation
Recovery Services, Inc. (?UMAIRS?), a New York corporation, is
engaged in the
recovery efforts of ?Uninsured Motorist? claims on behalf of New
York State?s Motor
Vehicle Accident Indemnification Corporation (?MVAIC?) as well as
reporting to Albany
Department of Motor Vehicles their investigations. MVAIC
indemnifies New York
State residents who are victims of uninsured motor vehicle
accidents occurring
in New York State. After paying qualified claims, MVAIC seeks to
recover from
the uninsured parties. MVAIC has engaged and empowered UMAIRS to
pursue claims
on its behalf. The founders of UMAIRS have a long-standing history
and
experience in the industry. UMAIRS generally takes a strategic
approach to the recovery
effort as it has a set of powerful legal tools at the disposal to
boost recovery
effectiveness. UMAIRS also applies a ?win-win? approach that
encourages
cooperation with the uninsured owners and/or operators to make
payment in full
or to formulate a repayment plan.
Safe Harbor:
This press release contains
forward-looking statements that reflect the Company's current
expectation
regarding future events. Actual events could differ materially
and
substantially from those projected herein and depend on a number of
factors.
Certain statements in this release, and other written or oral
statements made
by Redijet, Inc. and Uninsured
Motorist Asset Investigation Recovery Services, Inc. are ?forward-looking statements.? You
should not place undue reliance on forward-looking statements since
they
involve known and unknown risks, uncertainties and other factors
which are, in
some cases, beyond the Company's control and which could, and
likely will,
materially affect actual results, levels of activity, performance
or achievements.
The Company assumes no obligation to publicly update or revise
these
forward-looking statements for any reason, or to update the reasons
actual results
could differ materially from those anticipated in these
forward-looking
statements, even if new information becomes available in the
future.
Contact Information:
Robert Remolador
Chief Executive Officer
Redijet, Inc.
6 Palm Court
Selden, NY 11784
robert@umairco.com
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