One World Ventures Signs LOI to Acquire Hydrobotanical Engineering
28 Octobre 2010 - 3:30PM
Marketwired
One World Ventures, Inc. (PINKSHEETS: OWVI) is pleased to announce
that, effective October 28, 2010, it has entered into a Letter of
Intent (the "LOI") with Hydrobotanical Engineering, LLC, a Limited
Liability Company duly organized and existing under the laws of the
State of California, whereby the Company proposes to acquire all of
the issued and outstanding capital stock of Hydrobotanical
Engineering, LLC. During the month October, 2010, the company has
already booked over $1 Million dollars in sales.
In accordance with the terms of this Letter of Intent, One World
Ventures, Inc. and Hydrobotanical Engineering, LLC, wish to
memorialize the understanding with respect to One World Ventures,
Inc. acquiring Hydrobotanical Engineering, LLC, as a 100% Wholly
Owned Subsidiary of One World Ventures, Inc. This Letter of Intent,
which on behalf of the parties, sets forth the basic terms and
conditions for the preparation and execution of an Acquisition
Agreement upon which the parties have agreed.
Stephen Prior, CEO, One World Ventures, Inc. said, "This pending
acquisition is accretive and consistent with our recently-announced
strategy to grow shareholder value by acquiring reputable,
innovative and, most importantly, profitable companies operating in
this expanding growing space."
Scott Rettberg, CEO, Hydrobotanical Engineering, stated, "This
transaction will transform our company, giving us the resources to
capitalize immediately on this rapidly developing market in
providing equipment that is safe and secure to a fully automated
organic farming supply chain."
About Hydrobotanical Engineering
Hydrobotanical Engineering, LLC, a Limited Liability Company
duly organized and existing under the laws of the State of
California. Growbots is an all-in-one, plug-and-grow hydroponic
production system providing a complete seed-to-harvest solution.
More information can be found at http://www.growbot.com/.
About One World Ventures, Inc.: One World Ventures, Inc. is a
holding company with management resourced in Asia, Mexico and the
United States that invests in technologies, communities and systems
that facilitate trade, finance, communication and travel across
international boundaries, cultures and languages.
Safe Harbor Statement: Any statements contained herein related
to future events are forward-looking statements and are made
pursuant to the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. Readers are cautioned not to place
undue reliance on forward-looking statements. One World Ventures,
Inc. undertakes no obligation to update any such statements to
reflect actual events.
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Contact: One World Ventures, Inc. investors@1worldventures.net
Website: www.1worldventures.net Hydrobotanical Engineering San Juan
Capistrano California 92675 Tel. (949) 226-4468
http://www.growbot.com/ scott@hydrobotanical.com
One World Ventures (CE) (USOTC:OWVI)
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