Poly Shield Technologies Inc: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
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Poly Shield Technologies Inc Acquires Ecolutions Inc.
Poly Shield Technologies Inc announced that it has entered into a share purchase agreement with Rasmus Norling for the purchase and sale of all of the issued and outstanding shares of Ecolutions, Inc. for the aggregate purchase price of $53,000, payable by the issuance of 100,000 restricted shares of Poly Shield's common stock. As a result of the acquisition, Poly Shield has acquired all of Ecolutions' rights under Collaboration, Master Distributor, and License Agreements (the GTM Contracts) with Green Tech Marine AS, a Norway corporation. Green Tech Marine has developed a proprietary exhaust gas scrubber technology that, among other things, can provide gas emission solutions to industries worldwide. Through this acquisition Poly Shield will develop marketing strategies for the Green Tech Marine GTM R15 proprietary gas scrubber technology.Rasmus Norling, who is expected to become Poly Shield's CEO, has direct experience and expertise with the proprietary technology and its applications both domestically and internationally. Poly Shield's rights will include rights to sell and distribute the Green Tech Marine's technology.
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