BELLINGHAM, WA--(Marketwired - Oct 24, 2013) - US Mine Makers, Inc. (OTC Pink: UMKR) and Leexoo Technology/Vid3g of Beijing China, have completed the Definitive Agreement to finalize their merger. This transaction now enables US Mine Makers, Inc. to enter into the business of mobile application software development.
Through this pivotal acquisition, US Mine Makers, Inc. has transformed itself into a technology development company, specializing in bringing together the resources needed for them to attain financial stability and growth. Through the management teams of both Leexoo Technology/Vid3G and US Mine Makers, Inc. the goal will be to bring new technologies and unique products to the market.
Leexoo Technology Ltd/Vid3g, has received 60 million restricted shares of US Mine Makers, Inc., in exchange for all licensing, operational, and patent rights to consummate the merger between the two companies. Dan Clayton CTO of Leexoo Technologies states "We are so enthusiastic about this merger, as we can take video technology to the next level through our mobile application. Further we believe that our product patented with the Chinese Academy of Sciences will make us the leader in this technology around the world. "
Roy Bosa, President and CEO of UMKR states, "We have been waiting for a company of this magnitude to come and join our team, as we believe that this technology along with others in the pipeline will give US Mine Makers, Inc. and their loyal shareholders the ability to be significantly involved with something major within the technology industry."
US Mine Makers, Inc. in addition has begun the process of changing the name and symbol of the company to better reflect the new primary direction of the company. We will provide further updates on this subject in the very near term. For more information, visit the following websites at:
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.The words or phrases "would be," "would allow," "intends to'" "will likely result," "are expected to," "will continue," "anticipate," "expect," "estimate," "project," "indicate," "could," "potentially," "should," "believe," "considers," or similar expressions are intended to identify "forward-looking statements." Actual results could differ materially from those projected in the forward-looking statements as a result of a number of risks and uncertainties. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company's past performance is not necessarily indicative of its future performance. The Company does not undertake, and the Company specifically disclaims any obligation, to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.
- Mergers, Acquisitions & Takeovers
- Information Technology