Intelligent Highway
Solutions Finalizes Closing of Fazync Corporation
Sacramento, CA --
January 10, 2018 --
InvestorsHub NewsWire -- Intelligent Highway Solutions, Inc.
(OTC
PINK: IHSI) announced today
that the company has acquired 100% of Fazync Corporation
and
Fazync, LLC under more favorable
terms vs the original agreement.
CEO
Devon Jones stated, "We could not be more pleased with the results
of this transaction.
Mr. Bob Widner, the owner
of Tripac System, Inc. has reached the point where his company's
technology, Phase Angle Synchronization (PAS) that allows utility
companies to recycle wasted electricity is "plug and play"
ready.
The
revolutionary PAS Units require a small on-site footprint, but
offer a massive impact as it pertains to energy savings and stress
on utility infrastructure.
All
parties involved have determined that this is going to be a massive
undertaking and will require specialized teams to handle the
various aspects of the nationwide rollout and that's where Fazync
comes in."
Mr.
Bob
Widner stated, "Tripac Systems is
currently setting up the infrastructure to handle the
"manufacturing" component of the project.
Fazync
Corporation will work in conjunction as the "installation" arm of
the rollout.
Fazync
will handle all
marketing,
installations,
monitoring and maintenance of the
units and
capture significant revenue as a result of our
joint
efforts.
The potential even in the short
term is in the tens of
millions, so we have already
begun assembling a team of
experts that will allow all entities involved
to benefit tremendously."
Mr.
Jones finished up with, "We have already
secured a facility in
Sacramento, California in order to handle all aspects of our end of
the operations and the square
footage is more than enough for growth and
expansion.
Currently, there is
an operational PAS Unit in place in our facility that has been set
up for demonstrations
for utility companies,
energy
service companies (ESCOs) and large commercial and industrial end
users.
We feel
strongly that this new subsidiary provides tremendous revenue
potential for our company as this technology is revolutionary and
one of a kind.
Over the
past couple of months, there has been a
flurry of activity to get us to this point and we'd like to thank
our shareholders for their patience.
We look
forward to sharing more with you in the coming weeks
and we
thank you for your
support."
About
Intelligent Highway Solutions, Inc.: Intelligent Highway
Solutions, Inc. was formed in April 2011. IHSI provides technology
driven solutions for commercial, industrial, and municipal
facilities, from full-turn-key general contracting to LED lighting
retrofits, HVAC and temperature control upgrades, to solar
renewable energy systems, working with commercial developer,
government and transportations sectors. Fazync technology is the
first and only Phase Angle Synchronization technology that
re-cycles electricity with the addition of Cresent Construction,
North Carolina, and IHSI is a full-service general contractor
providing design, installation and construction management
services.
Forward Looking
Statements: Any statements
contained herein that are not historical facts are "forward looking
statements" within the meaning of Section 27A of the Securities Act
of 1933, as amended and Section 21E of the Securities Exchange Act
of 1934, as amended. These forward-looking statements are made
subject to certain risks and uncertainties, which could cause
actual results to differ materially from those presented. Readers
are cautioned not to place undue reliance on these forward-looking
statements, which speak only to the date such information was
released. The Company undertakes no obligation to publicly revise
these forward-looking statements to reflect events or circumstances
that arise after release of this information.
Contact: Paul
Knopick
Pknopick@eandecommunications.com
940.262.3584