The companies will release updates on the planned business combination soon.Įncore Energy or Energy Vision International Stockholders who wish to redeem their stock or have further questions must email their stockholder information to Encore EnergyĮncore Energy owns the patents for the use of grey-water, and domestic water in heat exchanger systems. MODC intends to further build Encore's operations, revenue, shareholder equity, and increase the distribution of its grey-water patent and related systems.Įncore and MODC are actively communicating with various potential merger partners to increase stockholder equity through a revenue and asset enhancing business combination. The acquisition of Encore intends to facilitate investment for growth and build shareholder equity in preparation for a subsequent spin-off or sale of Encore. Stockholders are not required to sell any shares and will not lose their ownership interest in Encore. The terms include an offer to existing Encore shareholders of not less than $0.01 (One Cent) per share paid in a combination of MODC Common Stock or MODC Convertible Preferred Stock at the stockholders' option. BRIGHTON, Mich., March 12 /PRNewswire-FirstCall/ - Encore Energy Systems (Pink Sheets: ENCS) announced today it will be acquired by Modern Technology Corp (Pink Sheets: MODC).
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