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Kleangas Energy Technologies, Inc. (OTCPink:KGET), a developmental stage acquisition company which foresees acquiring, merging, and joint venturing with legally permitted fully operational marijuana-cannabis businesses provides the following corporate update to its shareholders.
KGET submitted for its name change to the Delaware Secretary of State on Jan 3, 2017. Earlier today, the company contacted Delaware to check the status of the amendments to its article of incorporation. The company was informed that the amendment was received January 3, 2017 but the state is currently experiencing a backlog of orders and they were only to the December 30, 2016 submissions. The State informed KGET that it should be processed within the next few working days.
Upon receipt of acceptance of the name change with Delaware, the company would officially be named CaliPharms, Inc. with the State of Delaware. Then CaliPharms Inc. must submit the new articles of Incorporation to FINRA for approval. Upon acceptance and approval by FINRA, the name will effectively change on OTC Markets and other listings of the symbol KGET. The company did not request a symbol change from KGET, but FINRA reserves the right to make a change of the symbol.
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About the Kleangas Energy Technologies Inc.
Kleangas Energy Technologies, Inc. is a developmental stage acquisition company with a name change pending to “CaliPharms, Inc.” The Company foresees acquiring, merging, and joint venturing with legally permitted fully operational marijuana-cannabis businesses. The Company currently is seeking acquisitions in medical marijuana-cannabis cultivation. The second tier of development for the company is to expand into other sectors that support the legalized marijuana industry. The company will expand its operations as the laws for each individual State change and allow. Initially the Company will focus on medical grade marijuana-cannabis within the State of California.
Safe Harbor Statement:
Safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as Kleangas or KGET or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Investment into a microcap company is a high risk investment and it should only be considered if you are able to afford a total loss of the investment. Laws and Regulations of Marijuana are currently in direct contradiction between California and Federal Law and these factors should be a part of your consideration when making an investment into KGET.
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Kleangas Energy Technologies, Inc. (KGET)
