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MediaCentral and Varipay Terminate Letter of Intent
2020-10-16 07:46 ET - News Release
Toronto, Ontario--(Newsfile Corp. - October 16, 2020) - Media Central Corporation Inc. (CSE: FLYY) (FSE: 3AT) ("MediaCentral" or the "Company") announces that on October 13, 2020, the Company and Varipay Inc. ("VP" or "Varipay") have mutually agreed to not proceed with the Letter of Intent ("LOI") as press released on October 2, 2020 (See Press Release Dated October 2nd, 2020). The LOI contained a number of conditions that MediaCentral and Varipay had agreed to. The Company was informed that certain conditions would not be met leading to the mutual termination of the proposed transaction.