SCOTTSDALE, AZ--(Marketwired - Jun 27, 2016) - Business Continuity Solutions, Inc. ("BUCS") (OTC PINK: BUCS) is pleased to announce that it has entered into a non-binding Letter of Intent ("LOI") to acquire Tall Trees LED Company, a SSL Pioneer and innovator of advanced, independently engineered and developed LED lighting Tall Trees offers a range of fixtures, varying in power and distribution, for both consumer and commercial applications. Users include indoor farmers, both small and very large operations, as well as niche markets, including orchids and carnivorous plants.
Under the LOI, BUCS would issue approximately 181 million restricted shares of common stock in exchange for all the equity interest of Tall Trees LED Company (www.TallTreesLed.com), making BUCS the indirect owner of Tall Trees' proprietary technology, innovations, assets, management and other business that could enhance long-term shareholder and corporate values. BUCS will initiate necessary corporate and regulatory actions to change its name to "Tall Trees LED Company" and secure a new trading symbol to better reflect its new corporate name and business focus. The LOI is non-binding and is subject to certain approvals from market regulators as well as satisfaction of customary closing various conditions, including appropriate corporate and limited liability company approvals and the negotiation, execution and delivery of mutually satisfactory definitive agreements. Accordingly, there can be no assurance that BUCS will complete the acquisition of Tall Trees LED Company.
Robert Manes, President of Tall Trees LED Company, commented, "We are extremely excited to have this opportunity to become a publicly-traded company. With our current state-of-the-art LED product lines, along with becoming a public entity, our global exposure should open the doors to new markets that we have previously been unable to tap, as well as accelerate the growth of our market share."
BUCS Management stated, "We have looked at other opportunities in the past that have not met BUCS' criteria for long-term shareholder value potential. Mr. Manes brings 16 years of experience, innovative technology and the potential for rapid growth through cutting-edge products and potential additional acquisitions in the future. This is by far the best opportunity BUCS has seen for growth moving forward."
Various statements in this release, including those that express a belief, expectation or intention, may be considered "forward-looking statements" that involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The forward-looking statements may include projections and estimates concerning the timing and success of specific projects or transactions. Forward-looking statements may also include projections and estimates concerning our future operating results and financial condition. When we use the words "will," "believe," "intend," "expect," "may," "should," "anticipate," "could," "estimate," "plan," "predict," "project," or their negatives, or other similar expressions, the statements which include those words are usually forward-looking statements. When we describe strategy that involves risks or uncertainties, we are making forward-looking statements. The forward-looking statements in this press release speak only as of the date of this press release; we disclaim any obligation to update these statements. We have based these forward-looking statements on our current expectations and assumptions about future events. While our management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond our control.