Bigfoot To Settle Terms of Merger With Creators of Loadchief
February 20 2019 - 8:00AM
InvestorsHub NewsWire
Bigfoot To Settle Terms of
Merger With Creators of
Loadchief
Bigfoot Project
Investments Inc.
The Boards of BGFT and ICN
are nearing settlement on the terms for merger. The companies will
be wrapping up the binding letter of intent in the next few
days.
Bigfoot Project
Investments Inc. (OTCMKTS:BGFT)
REDWOOD CITY, CA, US
-- February 20, 2019 -- InvestorsHub NewsWire -- Bigfoot
Project Investments, Inc. a public company traded on OTC Markets
under the ticker symbol
BGFT is nearing a negotiated agreement on terms of merger with
Independent Contractors Network, Inc. (ICN). After extensive
negotiations both Boards feel that they are near terms for the
merger that will be mutually beneficial for all parties
involved.
The responsible parties
plan to wrap up the binding letter of intent over the next few
days. The terms of the agreement including financial information
from ICN will be disclosed in the required SEC filing of the 8K
upon signing of the binding letter of intent. The merger of ICN amd
Bigfoot is not related to any prior mergers mentioned by Bigfoot in
prior news releases and is not related to any currently existing
logistics company using the name "Bigfoot
Delivery.".
Independent Contractors
Network, Inc. (ICN) has developed and holds exclusive license to
"Loadchief" last-mile delivery platform. Loadchief is a proprietary
application of Independent Contractors Network, Inc. (A California
Corporation). Loadchief was created by courier-industry
professionals with more than 50 years of combined experience in the
delivery industry. The Loadchief platform transforms economic and
resource efficiencies and allocations found by connecting
credentialed, independent drivers with courier companies. Courier
companies and independent drivers get the Loadchief Advantage over
their competition. With the development of Loadchief, ICN has
surged to the leading edge of their industry. The goal of this
merger is to expand the Loadchief service footprint into new
regions through access to the OTC
Markets.
Forward-Looking
Statements
This press release contains forward-looking information or
forward-looking statements (collectively "forward-looking
information") within the meaning of applicable securities law.
Forward-looking information is typically identified by words such
as: "believe." "expect," "anticipate." "intend," "estimate,"
"potentially" and similar expressions, are those, which, by their
nature, refer to future events. The Company cautions investors that
any forward-looking information provided by the Company is not a
guarantee of future results or performance, and that actual results
may differ materially from those in forward-looking information as
a result of various factors. The reader is referred to the
Company's public filings for a more complete discussion of such
risk factors and their potential effects which may be accessed
through the Company's filings on the SEC website: https://www.sec.gov/cgi-bin/browse-edgar?company=bigfoot+project&owner=exclude&action=getcompany
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