Concorde Group Holdings Inc. Terminates Letter of Intent for a Qualifying Transaction with Adent Capital Corp.

JERSEY CITY, NEW JERSEY--(Marketwired - Nov. 11, 2016) -

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On November 2, 2016, Concorde Group Holdings Inc. ("Concorde"), a privately-held financial services company based in Jersey City, New Jersey USA, notified Adent Capital Corp. ("Adent") that, based on Concorde's due diligence of Adent, Concorde was withdrawing, effective immediately, the non-binding letter of intent between Adent and Concorde dated August 9, 2016 proposing an offer to complete a going public transaction for Concorde by way of a reverse takeover of Adent.