Business
ALEXANDRIA ADVANTAGE WARRANTY COMPANY SIGNS LETTER OF INTENT WITH FRANCHISOR OF AUTOMOTIVE SERVICE & REPAIR CENTERS
ALEXANDRIA ADVANTAGE WARRANTY COMPANY SIGNS LETTER OF INTENT WITH FRANCHISOR OF AUTOMOTIVE SERVICE & REPAIR CENTERS.
About this update from Global Innovative Platforms Inc.
[{"type":"text","content":"NEW\nYORK, June 22, 2015 (Accesswire) – Alexandria\nAdvantage Warranty Company (OTCMarkets/Pinksheets: AAWC) is announcing today that the Company has signed a letter of\nintent to merge with a nationwide franchisor of automotive services and repair\ncenters.\n\nThe deal calls for closing the transaction by\nJuly 10, 2015. Due diligence is already being conducted and the Company\nanticipates being able to meet this closing date.\n\nCurrently, the franchisor has over thirty\nfranchised outlets nationwide. They have several more pending franchise\napplications. The franchisor also owns intellectual property, some of which\ndates back over fifty years.\n\nThe Company believes this is a natural fit for\nits new and used car warranty business. Further, management of the franchisor\nwould join the Company management, bringing decades of franchise operations\nexperience. \n\nAbout\nAlexandria Advantage Warranty Company\n\nAlexandria\nAdvantage Warranty Company (OTCMarkets/Pinksheets: AAWC) is a provider of new\nand used car warranties to independent and franchised car dealers and their\ncustomers. The Company is a Colorado company in good\nstanding.\n\nAdditional\nInformation\n\nFor additional information, please contact\nShareholder Services at: (310) 953-9680.\n\nForward-Looking\nStatements\n\nCertain\nstatements in this news release may contain forward-looking information within\nthe meaning of Rule 175 under the Securities Act of 1933, and are subject to\nRule 3B-6 under the Securities Exchange Act of 1934, and are subject to the\nsafe harbor created by those rules. All statements, other than statements of\nfact, included in this press release, including, without limitation, statements\nregarding potential future plans and objectives of the company, are\nforward-looking statements that involve risks and uncertainties. There can be\nno assurance that such statements will prove to be accurate and other results\nand further events could differ materially from those anticipated in such\nstatements. Future events and actual results could differ materially from those\nset forth in, contemplated by, or underlying the forward-looking statements.","length":5502,"tagName":"div"}]