Business
Tall Trees LED Company Signs Definitive Agreements for the Acquisition of Two Companies in the light engine design and engineering business
Tall Trees LED Company Signs Definitive Agreements for the Acquisition of Two Companies in the light engine design and engineering business.
About this update from Curtis Mathes Corp.
[{"type":"text","content":"\n \n \n Tall Trees LED Company Signs Definitive Agreements for the Acquisition of Two Companies in the light engine design and engineering business\n \n \nTall Trees LED Company Signs Definitive Agreements for the Acquisition of Two Companies in the light engine design and engineering business\n\nIn an Effort to Better Align the Corporate Designation with Its newly acquired Core Business, the Company will change its Name to \"Light Engine Design Corp.\"\n\n \n SCOTTSDALE, AZ--(Marketwired - Nov 4, 2016) - Tall Trees LED Company (OTC PINK: TLED) is pleased to announce that the Company has entered definitive agreements to acquire two independent companies in the light engine design and engineering business, thereby enhancing its potential for growth. Following the closing, the market will be promptly updated.\n In connection with the previously announced LOI to acquire Tall Trees LED Company, a Nevada Corporation, the Company was presented with an advantageous opportunity to acquire Dallas Lighting and Photonics, a Texas Corporation also involved in light engine design and engineering. The Company has elected to capitalize on the opportunity by rolling-up both companies, with the expectation that the combined companies will offer the Company the prospect of substantial revenue growth.\n \"We are very pleased to have signed the definitive agreements to acquire these two entities. We believe that although each of the acquired companies targets different markets, the roll-up of both companies gives us the advantage of being able to broaden our reach into the marketplace and capitalize on opportunities in not only one, but two potentially highly lucrative sectors of the solid-state (LED) lighting industry, namely the entertainment/architectural/entertainment (architainment), and horticultural lighting markets,\" stated Robert Manes, Chief Executive Officer.\n He concluded: \"We have developed a range of revenue generating strategies for both operating businesses. The Company believes that following completion of the acquisitions, each of the operating subsidiaries will be well-positioned to thrive in their respective sectors of the LED business. The completion of these acquisitions will be a milestone, as it will evidence that the Company is solidifying its foundation for growth.\" \n Due to continuing corporate development, upon FIN...