SAN CLEMENTE, CA--(Marketwired - Dec 19, 2013) - ePunk, Inc. (PINKSHEETS: PUNK) today announced that it has entered into a non-binding letter of intent to acquire all of the issued and outstanding common shares of Blink Technologies, an emerging technology marketing and development company based in Silicon Valley, focused on bringing consumer products and solutions to market that enhance communications, entertainment and lifestyle activities.
Dean Miller, CEO of Blink Technologies, said that, "Our team's collective experience in product vision and design, engineering, sourcing, manufacturing, marketing, sales, combined with being a publicly traded entity, allows us to more effectively execute to service popular consumer market opportunities."
Interim ePunk Chairman, Sean Clarke, added that, "We are pleased with the potential that Blink Technologies, and its talented management team, bring to our company and believe that it sets us on the path to driving shareholder value. We are forward looking and hopeful about this opportunity."
The completion of the contemplated transaction with Blink Technologies is subject to customary closing conditions and execution of a definitive agreement.
About Blink Technologies, Inc.
Blink Technologies is based in Palo Alto and is focused on delivering consumer technology solutions that enhance and expand the experiences people enjoy using on an everyday basis, including essential electronic devices such as smartphones, tablets, and TVs.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief, or current expectations of ePunk, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond ePunk's ability to control and their actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in ePunk's filings with the Securities and Exchange Commission.