MANDEVILLE, La., March 18, 2013 /PRNewswire/ -- Syncronys
International (OTC Pink: SNTL)
Syncronys International, Inc. is pleased to announce that
shareholders of record, on a future record date to be determined,
will receive shares of its wholly owned subsidiary Lectric.
Lectric will soon thereafter apply to be publicly traded on the
OTCQB. Rex Gay, Syncronys CEO
said, "We wanted to reward all of our loyal shareholders of
Syncronys as we proceed with acquisition of Seeker Technologies
(Seeker-Tec)." "The Seeker-Tec acquisition is on schedule to
close on March 29th. Shareholders will now own shares in two
exciting, young public companies. I look forward to
announcing additional developments, for both companies in the near
future."
Syncronys International will be paying a dividend consisting of
shares of common stock of Lectric Inc. as a spin-off of SNTL.
According to Rex Gay, Syncronys CEO,
"The Company is pleased to provide current shareholders with the
opportunity to be part of the alternative energy industry and its
Seeker Tec business as well.
The sale, assignment and transfer to Lectric Inc. of all of that
Corporation's assets, business and operations as a going concern
will be conducted at the date hereof and prior to the Corporation's
acquisition of Seeker Technologies Ltd. Syncronys,
International, Inc. will pay dividend consisting of shares of
common stock of Lectric Inc. The Corporation's current
stockholders will receive the distribution of such dividend.
Expected effective date will be in time for a registration
statement to be filed by Lectric Inc. pursuant to the Securities
Act of 1933.
Lectric Inc. will be focused on sales, distribution and
installation of a wide range of green energy products and
applications. Lectric Power will sell and distribute power
generation equipment for use in commercial, home and agricultural
applications and solutions.
Syncronys International, Inc. will continue to expand its
Seeker-Tec business as well as to explore other opportunities.
Further, we plan to regularly communicate our progress to our
shareholders.
Safe Harbor Statement
This release contains
forward-looking statements that relate to future events or
performance. These statements reflect the company's current
expectations and are made pursuant to the Safe Harbor Provisions of
the Private Securities Litigation Reform Act of 1995. The company
does not undertake to update or revise these forward-looking
statements, even if experience or future changes make it clear that
any projected results expressed or implied in this or other company
statements will not be realized. Furthermore, readers are cautioned
that these statements involve risks and uncertainties, many of
which are beyond the company's control, which could cause actual
results to differ materially from the forward-looking statements.
Factors that could cause these differences include, but are not
limited to, the acceptance of our products, lack of revenue growth,
failure to realize profitability, inability to raise capital and
market conditions that negatively affect the market price of our
common stock. The Company disclaims any responsibility to update
any forward-looking statements.
SYNCRONYS INTERNATIONAL, INC.
REX GAY, CEO
800-382-7271
INFO@SYNCRONYSINTERNATIONAL.COM
SOURCE Syncronys International, Inc.
