LOS ANGELES, Dec. 5, 2014 /PRNewswire/ -- TechnoConcepts, Inc.
(OTCMarkets/Pinksheets: TCPS), is announcing today that it has
signed a Letter of Intent to acquire the assets and ongoing
business of another company.
The terms of the Letter of Intent call for confidentiality until
the transaction is completed. The Letter of Intent also requires a
sixty day due diligence period before the parties to the Letter of
Intent proceed to a more formal asset purchase agreement. The
Letter of Intent calls for cash investments to be made into the
to-be-acquired company after finalization of the asset purchase
agreement, and these investments will be used to help grow the
business.
"The Company is proud to announce this Letter of Intent. We have
been looking for a good, viable business to bring into our fold.
This business has assets, no liabilities, and tremendous upside for
our investors. Additionally, we will be able to assist this company
with acquiring more business almost immediately," said Company
President Jose Suarez.
About TechnoConcepts, Inc.
TechnoConcepts, Inc. (OTCMarkets/Pinksheets: TCPS) is a wireless
technology company currently holding patent, trademarks and other
intellectual property. The Company is a Colorado company in good standing.
Forward-Looking Statements
Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under
the Securities Act of 1933, and are subject to Rule 3B-6 under the
Securities Exchange Act of 1934, and are subject to the safe harbor
created by those rules. All statements, other than statements of
fact, included in this press release, including, without
limitation, statements regarding potential future plans and
objectives of the company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and other results and
further events could differ materially from those anticipated in
such statements. Future events and actual results could differ
materially from those set forth in, contemplated by, or underlying
the forward-looking statements.
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SOURCE TechnoConcepts, Inc.