WGI Holdings, Inc. Has Received an Unsolicited Takeover Offer From KBK Capital Corp.
01 Mai 2013 - 4:13PM
Marketwired
WGI Holdings, Inc. (OTC Pink: WGIH) wishes to announce that it has
received an offer to be acquired by KBK Capital Corp. of Richard,
Utah in a share exchange, whereby for every two thousand (2000)
shares of WGI Holdings a present shareholder has they will receive
in exchange one (1) share of KBK stock.
The Board of Directors of WGI Holdings has voted in favor of the
takeover and the companies will be entering into a formal agreement
in the near future.
Gregory C. Ellis, CEO of WGI Holdings Inc., commented:
"KBK Capital is very interested in getting into the cloud
computing space and feels that MyBitCloud fits their criteria.
Cloud computing is an attractive fast growing market with exciting
cutting edge technology and an excellent management team. By
joining with KBK Capital it will give WGIH increased opportunities
to grow the business, quicker and more profitably."
"We think the valuation that KBK has put on WGI is fair at
$0.0125 per share, better reflects the value that we have been
building in WGI."
Matthew Richards, CEO of KBK Capital Corp.
"The acquisition will meet our return criteria and will be
attractive to our top line growth. This investment represents the
continuation of our strategy to increase KBK Capital presence in
the fastest growing technologies of the world."
About WGI Holdings
WGI Holdings' goal through its operating subsidiary MyBitCloud
is to become a leading provider of Personal & Business Cloud
services that enable users and organizations to access ALL of their
data, anytime, anywhere, and from any supported device.
MyBitCloud will enable users and organizations to have unlimited
storage capability while also providing backup, synchronization,
access and sharing capability of any file instantly and securely.
More information can be found on our website:
www.mybitcloud.com
FORWARD-LOOKING DISCLAIMER
This summary contains forward-looking statements within the
meaning of the "safe harbor" provision of the Private Securities
Litigation Reform Act of 1995. These statements address future
events and conditions concerning the Company's business plans. Such
statements are based on management's current expectation and are
subject to a number of factors and uncertainties, such as future
economic conditions and changes in anticipated revenues and costs,
which may cause actual results to differ materially. The Company
expressively disclaims any future obligation or undertaking to
update or revise any forward-looking statements contained herein.
Investors and potential investors should independently investigate
and fully understand all risks before making investment
decisions.
For more information contact us at: Susan Millstone MyBitCloud
Inc. Tel: 855-667-8786 FAX: 855-433-4464 Susan@MyBitCloud.com
WGI (CE) (USOTC:WGIH)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024
WGI (CE) (USOTC:WGIH)
Graphique Historique de l'Action
De Juin 2023 à Juin 2024