Business
Fleet and Mobile Car Wash Acquisition Progresses with the Signing of a Binding Term Sheet Between Bayport International Holdings and 360 EcoWash
Fleet and Mobile Car Wash Acquisition Progresses with the Signing of a Binding Term Sheet Between Bayport International Holdings and 360 EcoWash.
About this update from Bayport International Holdings, Inc.
[{"type":"text","content":"\nColorado Springs, CO, Jan. 15, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Bayport International Holdings, Inc. (“the Company” or “Bayport”), a holding company, is pleased to announce its progress with the acquisition of the “Green” fleet mobile car wash company 360 Eco Car Wash, Inc. The Binding Term Sheet has been executed between Bayport and 360 EcoWash. The executed term sheet shall be a part of the final definitive agreement between the two companies. \n 360 Eco Wash is a California mobile car wash service inspired by the growing demand for fleet service support. It is a California based business established in 2017 to support a 170 vehicle courier service in San Francisco, San Jose, and Sacramento.  The business uses steam based technology to clean exterior and interior part of the vehicle. More information about the company can be viewed at the company’s website. www.360ecowash.com Clay Franks, CEO of Bayport, stated, “We are very pleased to have the Binding Term Sheet executed. The Term Sheet is the most difficult negotiation of any acquisition and we now have this critical component agreed upon by both parties. We anticipate getting the definitive agreement completed soon and then we can get started on growing this amazing business as quickly as possible. In this new age of phone apps driving new businesses it is still exciting to see the effects of an everyday business like washing cars combined with an Uber type App. Fleet vehicles, car lots, and everyday people will be able to use our environmentally friendly mobile car wash service. We plan to roll this out very quickly so these are very exciting times for Bayport and its shareholders.” Mr. Franks continued, “We are working to get current on OTC Markets and hope to be current information as soon as the end of next week. We are also working to get all the company websites updated and back online. ” Follow us on Twitter https://twitter.com/BayportBAYP About Bayport International Holdings, Inc. (OTC PINK: BAYP): Bayport International Holdings, Inc. is a holding company actively engaging acquisition targets with growth potential.  Safe Harbor This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as ame...