Letter of intent

ACROMETA Signs Sales & Purchase Agreement for Additional 40% of Life Science Incubator

Retrieved on: 
Friday, March 31, 2023
Agreement, Vendor, Letter of intent, R & D, Biotechnology, Group purchasing organization, Research, Acquisition, LSI, Media release, Growth, Neurology, SME, Health insurance, Fine chemical, Pharmaceutical industry

Upon completion of the purchase, the Group will control 70% of LSI, up from the current 30%.

Key Points: 
  • Upon completion of the purchase, the Group will control 70% of LSI, up from the current 30%.
  • The Agreement updates and follows from the Letter of Intent ("LOI") announced to SGXNet on 20 February 2023 for the proposed acquisition of an additional 40% stake in LSI.
  • Mr Levin Lee Keng Weng, ACROMETA Chairman, said, "Brisbane is a booming hub for the Life Sciences sector in Australia.
  • The proposed additional co-working laboratory space in Singapore is to cater for expected growth in demand.

EQS-News: niiio finance group AG: niiio finance group AG and TV Development GmbH sign letter of intent to establish a cooperative banking-as-a-service joint venture

Retrieved on: 
Saturday, April 15, 2023
Opus, Software as a service, Letter, TVD, Letter of intent, ISO, API, AG, LOI, Fintech, Federal Financial Supervisory Authority, ISO 27001, ISIN, NewCo, Cryptocurrency

In order to achieve this, niiio, PATRONAS and TVD want to develop a future-oriented securities platform (next generation platform) together.

Key Points: 
  • In order to achieve this, niiio, PATRONAS and TVD want to develop a future-oriented securities platform (next generation platform) together.
  • The niiio finance group AG and TVD plan to implement the joint venture via a company that has still to be founded ("NewCo"), in which both parties will participate.
  • On the occasion of the joint venture, it is intended that niiio will contribute software solutions, while TVD will offer its banking-as-a-service services.
  • However, both parties are aiming for a timely, legally binding agreement to implement the joint venture in accordance with the signed Letter of Intent.

Treasure Global Signs Letter of Intent with Southern Hospitality Restaurant Chain, Morganfield’s to Adopt TAZTE and Lease its Branding Rights

Retrieved on: 
Monday, April 3, 2023
Taste, Letter of intent, F&B, Eye, Signature, LOI, TGL, Ecosystem, TGI, Sales

NEW YORK and KUALA LUMPUR, Malaysia, April 03, 2023 (GLOBE NEWSWIRE) -- Treasure Global Inc (NASDAQ: TGL) (“TGI”, or the “Company”), an innovative e-commerce platform providing seamless technology enabled solutions for lifestyle needs, today announced that it has signed a Letter of Intent (“LOI”) with Morganfield’s Holding Sdn Bhd (“Morganfield’s”), a restaurant chain specializing in comfort food and American-style barbecue, to adopt TGI’s digital food & beverage (“F&B”) management system, TAZTE, in Morganfield’s Southeast Asia franchisees with respect to Morganfield’s granting of an exclusive worldwide license to grant sub-licensees to third parties to use Morganfield’s trademarks for the restaurant business.

Key Points: 
  • Currently, Morganfield’s has nine franchisees in Malaysia, China, and Singapore which will be required to adopt TAZTE upon the closing of the agreement.
  • The benefits of TAZTE for F&B managers are expected further entice new franchisees assisting Morganfield’s in its expansion plans throughout Southeast Asia.
  • At the same time, TGI will have the opportunity to grow its brand exposure, membership base of retailers, and leverage restaurant data.
  • TGI will act as master franchisor by managing brand loyalty and raw material supply to accelerate this process of expansion for TAZTE.

Hi-View Resources Inc. Enters Letter of Intent

Retrieved on: 
Friday, March 31, 2023
Letter, CSE, Administrator, Letter of intent, Prospectus, Acquisition, National instrument, Transaction, NEWS, Commercial property

VANCOUVER, British Columbia, March 30, 2023 (GLOBE NEWSWIRE) -- Hi-View Resources Inc. (the “Company” or “Hi-View”) (CSE: HVW) is pleased to announce that it has entered into a letter of intent (the “Letter of Intent”) with Zeal Exploration Inc. (“Zeal”) which sets out the basic terms and conditions for the acquisition by the Company of Zeal, which holds interests in the Golden Stranger Property in Northern British Columbia (the “Transaction”).

Key Points: 
  • The Letter of Intent contemplates that the Company will acquire all of the outstanding common shares of Zeal (the “Zeal Shares”) by issuing (i) 8,650,000 common shares of the Company (“Hi-View Shares”) at a deemed price of $0.06 per Hi-View Share, and (ii) 500,000 Hi-View Share purchase warrants, each exercisable at $0.30.
  • The Letter of Intent sets out certain terms and conditions pursuant to which the Transaction will be completed.
  • There can be no guarantees that the Transaction will be completed as contemplated or at all.
  • Pursuant to the terms of the Letter of Intent, the Company will pay a finder’s fee of 250,000 Hi-View Shares to an arm’s length finder upon completion of the Transaction.

Iveco Group anounces intent to transfer its Nordic retail commercial operations to Hedin Mobility Group

Retrieved on: 
Thursday, March 30, 2023
ASTRA, Letter, Partnership, Letter of intent, IVECO, IDV, Agriculture, Light, Hedin, Transport, FPT Industrial, Iveco, D, Mobile phone

Iveco Group (MI: IVG) and Hedin Mobility Group AB (publ), a leader in the distribution of vehicles and spare parts in the Nordic region and internationally, announced today the signing of a Letter of Intent for the transfer of Iveco Group’s distribution and retail business in Sweden, Norway, Finland, and Denmark.

Key Points: 
  • Iveco Group (MI: IVG) and Hedin Mobility Group AB (publ), a leader in the distribution of vehicles and spare parts in the Nordic region and internationally, announced today the signing of a Letter of Intent for the transfer of Iveco Group’s distribution and retail business in Sweden, Norway, Finland, and Denmark.
  • Specifically, the Group intends to transfer its commercial activities for light, medium and heavy trucks – including retail minibuses but excluding all other assets relating to bus activities, financial services, and other Group businesses.
  • Hedin will leverage the increasingly successful IVECO commercial vehicles and minibus ranges, recently enhanced by electric heavy-duty and light-duty trucks.
  • We look forward to the continued dialogue with Iveco Group to finalise our agreement and to welcome the businesses and their employees to Hedin Mobility Group”.

BCI SOLUTIONS, INC. SIGNS LETTER OF INTENT FOR STATE-OF-THE-ART EQUIPMENT

Retrieved on: 
Monday, March 20, 2023
Agriculture, LOI, ISO 9001:2015, DISA, IATF, Multimedia, BCI, Letter of intent

BCI is excited to announce it has signed a Letter of Intent (LOI) to purchase a DISA Molding Machine.

Key Points: 
  • BCI is excited to announce it has signed a Letter of Intent (LOI) to purchase a DISA Molding Machine.
  • This new machinery is expected to expand production and move BCI Solutions to the front of the pack with this cutting-edge technology.
  • A single DISA Molding Machine is projected to double historic output and will allow BCI to expand its production capacity.
  • BCI Solutions, Inc. (BCI) is a Midwest based 5th generation family-owned and operated business, founded in 1939.

Link Reservations, Inc. (LRSV) Announces Acquisition of Global Enterprises & Logistics, Inc.

Retrieved on: 
Wednesday, March 15, 2023
Acquisition, FORM, Vodafone Global Enterprise, Professional, LRSV, ACI, Airports Council International, Letter of intent, OTC, OTC Markets Group, Warehouse

Rather than looking at these issues as a problem, Global has identified the opportunity to expand and diversify its operations through acquisitions, joint ventures and strategic partnerships.

Key Points: 
  • Rather than looking at these issues as a problem, Global has identified the opportunity to expand and diversify its operations through acquisitions, joint ventures and strategic partnerships.
  • Strategically situated in South Florida, Global is on the door-step of the busiest cargo and freight airport in the United States according to a report published in April of 2022 by Airports Council International (ACI).
  • With a workforce team of over 70 dedicated personnel and refrigerated tractor trailers (reefers), both customers and industry peers have recognized and acknowledged the level of professionalism, experienced management, and premium customer service that Global provides.
  • With the closing of the “Global” acquisition, Link Reservations, Inc. (LRSV) has begun preparations to become a reporting company under the 34 Act, by filing a FORM 10 in the near future, with further plans to up-list the Company to the OTC:QB market platform.

BlueNalu Advances Strategic Partnership with Nutreco to Progress Cell-Cultured Seafood

Retrieved on: 
Monday, March 13, 2023
Food Tech, Retail, Technology, Other Science, Research, Science, Food, Beverage, Nutreco, Cell, Letter of intent, Multimedia, LOI, Aquaculture

BlueNalu, a global leader in the development of cell-cultured seafood, announced today the signing of a Letter of Intent (LOI) with Nutreco , a global leader in animal nutrition and aquafeed.

Key Points: 
  • BlueNalu, a global leader in the development of cell-cultured seafood, announced today the signing of a Letter of Intent (LOI) with Nutreco , a global leader in animal nutrition and aquafeed.
  • Building on the success of earlier collaborations, this agreement represents joint interest in the establishment and scale-up of a food-grade supply chain for cell-cultured seafood manufacturing.
  • Importantly, these specifications must be in accordance with food-grade regulatory requirements for nations in which BlueNalu plans to market its products.
  • “I’m proud to share that between our team’s innovation and incredible strategic partners, we’ve continued to overcome these hurdles.

Creatd Announces Termination of Discussions with GTII Regarding Proposed Acquisition

Retrieved on: 
Friday, February 24, 2023
CRTD, Acquisition, OTCQB, Letter of intent, Letter, Retail, Commercial property

NEW YORK, Feb. 24, 2023 /PRNewswire/ -- Creatd, Inc. (OTCQB: CRTD; Upstream: CRTD) ("Creatd" or the "Company"),  a creator-first technology company, today announced that it has decided not to proceed with a proposed transaction with Global Tech Industries Group, Inc. (" GTII ").

Key Points: 
  • NEW YORK, Feb. 24, 2023 /PRNewswire/ -- Creatd, Inc. (OTCQB: CRTD; Upstream: CRTD) ("Creatd" or the "Company"),  a creator-first technology company, today announced that it has decided not to proceed with a proposed transaction with Global Tech Industries Group, Inc. (" GTII ").
  • While Creatd has concluded discussions of a proposed acquisition, it will honor the no-shop terms outlined in the Letter of Intent signed with GTII.

FRESHBAY RECEIVES PURCHASE AGREEMENT FROM BERRYMOBILE FOR 15 MILLION POUNDS OF STRAWBERRIES PER YEAR

Retrieved on: 
Tuesday, February 21, 2023
AFI, Economics, CO2, Engineering, Atmosphere, AB, Letter, Atlantis, Agriculture, Letter of intent, CSE, Renewable energy, Jan Arnoldus Schouten

The purchaser of the strawberries, Berrymobile Fruit Distribution Inc. is one of western Canada's premium, local, soft fruit wholesalers.

Key Points: 
  • The purchaser of the strawberries, Berrymobile Fruit Distribution Inc. is one of western Canada's premium, local, soft fruit wholesalers.
  • As per the Letter of Intent with Affinor dated February 10, 2023, the sales agreement for the strawberries is produced under the Affinor Growers' Grade A brand "Affinoria Fragaria".
  • The strawberries were market tested for quality and shelf life in Vancouver, BC over the winter of 2022, and distributed by Berrymobile to excess demand.
  • Vic Reddy, CEO of Freshbay, commented: "Based on the success of Affinor's commercial pilot and excess demand for Berrymobile's strawberries, compounded with this purchase agreement, we have firmly established the economic viability of our production plans.