Embarr Downs Announces LOI for Reverse Merger
Los Angeles, California (FSCwire) - Embarr Downs, Inc. (OTC: EMBR) announced today that on May 19, 2015 the Company entered into a verbal agreement to merge with Pest Pilot, Inc. On June 5, 2015, the Company executed the Merger Agreement between the two Companies. As part of the merger, the Company rescinded the acquisition of WB Partners as no compensation was provided as part of the acquisition. The Company expects that the merger will close on June 30, 2015. The merger will result in a change of control of the Company and will be a reverse merger for accounting purposes. As a result of the reverse merger, Joseph Wade resigned as an officer and director of the Company and replaced with Lane Moser. The Company will file a Form 10 once the audit is completed of Pest Pilot.
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
Contacts:
Embarr Downs, Inc.
Joseph Wade
(949) 461-1471
info@embarrdowns.com
www.embarrdowns.com
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/EmbarrDownsJune82015.pdfSource: Embarr Downs Inc. (OTCQB:EMBR) http://www.embarrdowns.com/Home_Page.html
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