SOURCE: The Luxurious Travel Corp.

April 18, 2016 16:47 ET

The Luxurious Travel Corp. to Acquire US Lighting Group, Inc.

HOLLYWOOD, FL--(Marketwired - Apr 18, 2016) - The Luxurious Travel Corp. (OTC PINK: LXRT) ("Luxurious Travel" or the "Company") is pleased to announce it has entered into a Letter of Intent (the "Agreement") to acquire all of the issued and outstanding capital stock of US Lighting Group, Inc. ("US Lighting"), an independent Ohio-based designer and manufacturer of patent-pending LED lighting technologies.

As per the Agreement, subject to certain terms and conditions, Luxurious Travel will acquire all of the outstanding shares of US Lighting in exchange for 24,500,000 restricted common shares of the Company. Following the completion of the acquisition, the Company intends to change its name to US Lighting Group, Inc. to better reflect its new business focus.

The closing of the transaction contemplated by the Agreement is subject to terms and conditions, including, but not limited to, completion of due diligence, execution of definitive transaction documents between the parties, preparation of audited and unaudited financial statements, and financing. The Company anticipates that a definitive agreement will be signed by all parties within 30 days.

The Luxurious Travel Corp. is a reporting company with the Securities and Exchange Commission (SEC). The Company's regulatory filings can be viewed at Further updates regarding this proposed transaction will be made as additional information becomes available.

Statements included in this press release, other than statements of historical fact, are "forward-looking statements" made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are typically, but not always, identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. Although LXRT believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. There can be no assurance that the transaction outlined in the Letter of Intent will be completed as proposed or at all. 

Disclaimer: This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

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