LAS VEGAS, Oct. 27, 2015 /PRNewswire/ -- XLI Technologies, Inc. (OTC PINK: MYXY) (f/k/a Mineria Y Exploraciones Olympia, Inc.) (the "Company") is pleased to announce that it has completed the acquisition of Bosch International, LLC ("Bosch"), a Nevada limited liability company.
On October 20, 2015, the Company entered into a Share Exchange Agreement ("Share Exchange") with Bosch whereby the Company acquired 100% of the issued and outstanding membership interest of Bosch, in exchange for 25,000,000 restricted shares of the Company's common stock. As a result of the acquisition, Bosch became a wholly-owned subsidiary of the Company.
Bosch International, LLC holds the exclusive rights in the United States and Canada to distribute LightSheets (printed light technology/nano printed lights) for the entertainment sector including movie theaters, movie studios, actors, agencies, marketing firms, PR firms, outdoor media, motion pictures, and television. LightSheets are a truly 100% nanotechnology utilizing a specialty coating printed on a thin sheet (as thin as paper) to generate a clean and pure light that uses less than one watt of electricity per foot.
LightSheets can be as small as 1 X 1 inch or as large as 800 X 800 feet. LightSheets can be bent, cut, folded and smashed without causing any affect or altering to the light. LightSheets have a heat tolerance of 200 degrees F and cold tolerance of -15 degrees below zero, can stay on continuously for 10 years, have no LEDs, no bulbs, no fuses, no glass, not even any conductive metal. For additional information regarding LightSheets and its many uses, please visit www.lightsheets.net.
In addition, on October 22, 2015, our board of directors approved actions to effect a corporate name change from Mineria y Exploraciones Olympia, Inc. to XLI Technologies, Inc., to better reflect the new technology business direction of the Company. The name change will be immediately submitted for review to the Financial Industry Regulatory Authority ("FINRA"). The Company anticipates announcing the completion of FINRA review and the effectiveness of these changes in a subsequent press release.
Notice Regarding Forward-Looking Statements
This press release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. 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. Such factors include, among others, the inherent uncertainties associated with intellectual property protection, marketing and sale, manufacturing and distribution and difficulties associated with obtaining financing on acceptable terms. 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 the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our most recent annual report for our last fiscal year, our quarterly reports, and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
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SOURCE XLI Technologies, Inc.