Techs Loanstar came out with the new acquisition/merger initiatives today:
Techs Loanstar Announces Plans to Acquire Healthcare Performance Measurement Business Q’uture Inc.
Marketwire “Press Releases”
WEST PALM BEACH, FL — (MARKET WIRE) — 04/25/11 — Techs Loanstar, Inc. (OTCQB: TCLN) today announced plans to acquire Q’uture Inc. (“Q’uture”). Q’uture, a Nevada Corporation , based in Florida , is in the business of developing standards in measurement of clinical performance. The parties have executed a non-binding Letter of Intent (“LOI”) and are moving toward the signing of a definitive agreement (the “Agreement”) over the next sixty days. Pursuant to the terms of the LOI, Techs would acquire one hundred percent of the outstanding common stock of Q’uture. The Company will continue to trade under the stock ticker “TCLN” with Q’uture becoming a wholly owned subsidiary of the parent.
Closing of the transaction is subject to customary conditions including, among other things, the negotiation and execution of definitive agreements as well as the approval of both companies’ board of directors and any necessary stockholder or regulatory approval, with an eventual name and ticker symbol change to follow.
Commenting on the potential merger/exchange, Landon Feazell , the CEO of Q’uture, stated:
“As we build the corporation that we believe can become the international standard in measuring performance in healthcare, Q’uture is committed to working in front of the curtain for public accountability and transparency in both its finances and operations.” Landon went on to add, “Future plans include accessing the capital markets as well as strategic acquisitions.”
Techs Loanstar’s stock traded over 50X 10day average shares as of 12 p.m. EST