NEW YORK, July 21 /PRNewswire-FirstCall/ - HE-5 Resources
Corp. (Other OTC: HRRN.PK) received a formal LOI ( letter of
intent) on Monday, July 20th, 2010,
at the end of business day, from an Israeli law firm based in
Tel Aviv. This letter was
addressed to HE-5's legal counsel and President Mr. Beauchamp, and
the following was stated by the law firm representing Bat-Or
Investments Inc. that it intends "to make a formal offer for 49% of
HE-5 Resources Corp. control block." HE-5 Corp. board of directors
have no choice but to seriously take this offer into consideration
and reconvene and review it immediately.
At this time, the company has requested all necessary
documentation as well as confidentiality agreements. The Board of
Directors will keep shareholders apprised.
About us:
We are a developing service company, offering innovative SaaS
software solutions. Our software suite Triple Crown CRM was
designed for the management needs of individuals and companies.
HE-5 Resources' Cloud Computing provides the insight, technology,
and synergy to efficiently support the functions of your systems
and operations.
Our business is to make yours successful.
Forward Looking Statements
This release contains statements that are made pursuant to the
Safe Harbor Provisions of the Private Securities Litigation Act of
1995. Certain statements in this press release may contain words
such as "anticipates," "believes," "could," "expects," "intends,"
"may," "projects," "targets" and other similar language that is
considered forward-looking statements. These forward-looking
statements are subject to certain risks and uncertainties and
persons reading this release are cautioned that such statements are
only predictions, and that the Company's actual future results or
performance may be materially different. The Company disclaims any
intention or obligation to update or revise forward-looking
information, whether as a result of new information, future events,
or otherwise, could cause the company's actual results to differ
materially from those indicated in any forward-looking
statements.
CONTACT: HE-5resourcescorp.com, Triplecrowncrm.com, Customer
Relation: 646-205-2246
SOURCE HE-5 Resources, Corp.