Lumonall, Inc., Signs Letter of Intent With Azaz Capital Corp.
June 26 2012 - 3:22PM
Marketwired
Lumonall, Inc. (PINKSHEETS:LUNL) ("Lumonall"), announced today that
it has entered into a Letter of Intent ("LOI") to acquire all of
the issued and outstanding common shares of Azaz Capital Corp.
("Azaz") (www.azazcapital.com) on a one for one share basis. Azaz
is an investment and merchant banking company incorporated in the
State of Nevada.
As part of the terms of the LOI, Lumonall will bring its
financial statements up to date, have them audited and filed with
the Securities and Exchange Commission in order to become a fully
reporting issuer.
Mr. John G. Simmonds, Chairman and CEO stated, "I am enthused by
the opportunity of acquiring Azaz and believe that their track
record, management and investment strategies will provide greater
value to Lumonall shareholders in the future."
This press release contains "forward looking statements" as
defined in the Private Securities Litigation Reform Act of 1995.
These forward-looking statements are based on currently available
competitive, financial and economic data and management's views and
assumptions regarding future events. Such forward-looking
statements are inherently uncertain. Lumonall, Inc. cannot provide
assurances that the matters described in this press release will be
successfully completed or that the company will realize the
anticipated benefits of any transaction. Actual results may differ
materially from those projected as a result of certain risks and
uncertainties, including but not limited to: global economic and
market conditions; the war on terrorism and the potential for war
or other hostilities in other parts of the world; the availability
of financing and lines of credit; successful integration of
acquired or merged businesses; changes in interest rates;
management's ability to forecast revenues and control expenses,
especially on a quarterly basis; unexpected decline in revenues
without a corresponding and timely slowdown in expense growth; the
company's ability to retain key management and employees; intense
competition and the company's ability to meet demand at competitive
prices and to continue to introduce new products and new versions
of existing products that keep pace with technological
developments, satisfy increasingly sophisticated customer
requirements and achieve market acceptance; relationships with
significant suppliers and customers; as well as other risks and
uncertainties, including but not limited to those detailed from
time to time in Lumonall, Inc. SEC filings. Lumonall, Inc.
undertakes no obligation to update information contained in this
release. For further information regarding risks and uncertainties
associated with Lumonall, Inc.'s business, please refer to the
risks and uncertainties detailed from time to time in Lumonall,
Inc.'s SEC filings.
Contacts: Lumonall, Inc. John G. Simmonds Chairman, President
and CEO (905) 833-2451 ext. 223jgs@vertility.com