MIAMI, FL--(NewMediaWire - Sep 1, 2017) - Kenergy
Scientific, Inc. (OTC PINK: KNSC) is pleased to announce it
has executed a Letter of Intent pursuant to which "KNSC" will
acquire all of the issued and outstanding shares of an Orlando,
FL-based real estate and resort management company. The
acquisition should be completed within 30 business days in
accordance with the terms and conditions of the share exchange
agreement.
The management company holds the sole rights to acquire and
develop several properties in and around the Orlando, Florida
area. Combined, the properties have in excess of $20 million
in assets and over $6 million in annual revenues. Each will be
acquired over a period of several months so that each may be
properly integrated into KNSC.
At closing, the Company will appoint a slate of directors and
officers to guide the additional acquisitions and assure their
proper integration as part of the public entity.
The unique niche market and specialty accommodations of these
properties serve a very fast growing segment in the resort
industry. We believe these properties provide a product and
experience that is both the highest quality and is cost effective
for the consuming public. We feel certain this endeavor will
be beneficial to consumers and shareholders alike, and enjoyed by
everyday consumers as well enthusiasts worldwide.
Simultaneously with the acquisition of the management company,
KNSC will reverse out the Hibachi Grills and Noodle Bars to Adel
Nassar in exchange for his surrendering all shares in the
Company.
Safe Harbor Statement:
The information posted in this release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. You can identify these
statements by use of the words "may," "will," "should," "plans,"
"explores," "expects," "anticipates," "continue," "estimate,"
"project," "intend," and similar expressions. Forward-looking
statements involve risks and uncertainties that could cause actual
results to differ materially from those projected or anticipated.
These risks and uncertainties include, but are not limited to,
general economic and business conditions, effects of continued
geopolitical unrest and regional conflicts, competition, changes in
technology and methods of marketing, and various other factors
beyond the Company's control.