The Road Ahead for Alternative Energy Partners (OTC: AEGY) and SK3 Group, Inc. (OTC: SKTO): An Update
June 24, 2014 at 13:15 PM EDT
LOS ANGELES, CA -- (Marketwired) -- 06/24/14 -- Alternative Energy Partners, Inc. (OTC Pink: AEGY) (PINKSHEETS: AEGY) and SK3 Group, Inc. (OTC Pink: SKTO) (PINKSHEETS: SKTO) make the following joint statement:
We are pleased to update our shareholders that the letter of intent referenced in our last press releases concerning the impending merger with a company listed on a Canadian Stock Exchange has now been signed, and we are preparing a definitive long form acquisition agreement.
Specific details of the planned acquisition transaction, including the new company's name and ticker, and the effect of the transaction on the Companies and our shareholders, including how shareholders will take shares of the new entity, will be provided no later than when the definitive acquisition agreement has been signed if not sooner. This decision was made strategically and is the result of our efforts to ensure that our shareholders have a meaningful market in which to continue to trade their shares in the Companies and to permit the new company to operate in a more favorable regulatory climate.
We have received communications of tremendous support from shareholders for our prior shareholder letters of today's date, for which we thank those shareholders.
We want to thank our shareholders and customers for continuing to support the Companies and our business model, and we look forward to the exciting days ahead as we continue to serve the growing population of medical cannabis patients in California, and later around the United States and elsewhere.
PharmaJanes' online ordering platform allows authorized medical marijuana patients to order, process and pay for their authorized needs, in a simple, safe and secure ordering and payment interface. Simple Prepay, a separate division of AEGY, is a merchant payment solution developed to offer a convenient payment solution to medical cannabis dispensaries, collectives, and delivery services. PharmaJanes also is the exclusive online marketing platform for Medical Greens, a subsidiary of SKTO.
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