Jose Chavez, CEO of Stealth Trucking, Signs Letter of Intent with CLX Medical
May 20 2010 - 10:00AM
Business Wire
CLX Medical (OTCBB: CLXM), a medical diagnostic company, is
pleased to announce a mutual letter of intent in its merger with
Stealth Trucking. The agreement was finalized on Friday, April 2,
2010; Stealth Trucking plans to merge with CLX Medical within a six
month time period.
“The explosion of the transportation logistics industry, surging
markets and the proliferation of diversified carrier groups are
transforming the way products are shipped,” said Jose Chavez, CEO
of Stealth Trucking. “Stealth and CLX will be at the center of this
newly emerging trend, and together we will build on our combined
experience to redefine trucking transportation services and
customer satisfaction.”
This week the company will begin executing the planned
integration of both companies to ensure a smooth transition and
immediate value for our customers, client carriers, and
investors.
About Stealth Trucking
Stealth Trucking is developing as a diverse transportation
logistics carrier - anytime, anywhere and through any
transportation medium. Stealth Trucking is a minority owned
business. For more information, visit
http://www.stealthtrucking.com.
Forward-Looking Statements
This press release includes “forward-looking statements” within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements in this press release include expectations about the
anticipated benefits of the Stealth Trucking acquisition, which
involve risks and uncertainties that could cause actual results to
differ materially from results expressed or implied by these
statements. Factors that might cause or contribute to such
differences include, but are not limited to: difficulties
encountered in integrating merged businesses and the ability to
successfully combine product offerings and customer acceptance of
combined products.
For further discussion of these and other risks and
uncertainties, individuals should refer to the Company’s SEC
filings. Stealth Trucking undertakes no obligation and does not
intend to update these forward-looking statements to reflect events
or circumstances occurring after this press release. You are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date of this press release.
All forward-looking statements are qualified in their entirety by
this cautionary statement.