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EV Hotel Corp. and Plandai Biotechnologies Enter Into Asset Acquisition Agreement to Create the Leading Smart Hotel Brand - EV Hotel Corp.
EV Hotel Corp. and Plandai Biotechnologies Enter Into Asset Acquisition Agreement to Create the Leading Smart Hotel Brand - EV Hotel Corp..
About this update from Plandai Biotechnology, Inc.
[{"type":"text","content":"SAN DIEGO, CA / ACCESSWIRE / November 8, 2022 / (OTC PINK:PLPL) - Plandai Biotechnology, Inc. ("Plandai" or the "Company") today announces its entry into an asset acquisition agreement with EV Hotel Corp.EV Hotel™ developed the world's first proprietary, disruptive hospitality platform called the "smart hotel," which combines technology, automation, IoT, crypto, and NFT with best-in-class service, stylish design, and upscale amenities to deliver a more efficient hotel operation, happier guests, and more streams of revenue. Conditions to the closing of the asset acquisition include both parties completing independent financial audits, and the Company completing corporate actions with the Secretary of State of Nevada and FINRA that will change the name and trading symbol of the Company, along with a reverse split of the Company's common stock, which management plans at 100:1. Afterwards, the transaction will close and the Company will acquire all of the authorized stock and assets in EV Hotel™ in exchange for common stock and all of the Company's Series "A" Preferred stock, resulting in a change of control."We plan on leading a revolution in the hotel marketplace via our EV Hotel™ concept," commented Ken Patel, Chairman, and CEO of EV Hotels. "Via our transaction with Plandai, we will achieve public trading status with all the prestige and privileges of being a public company. Our Company focuses on culture and automation of the guest stay experience that is beginning to resonate with business and leisure travelers. Once completed, our newly achieved publicly traded status for our common shares will allow us to better access the public markets for growth capital and will increase our brand awareness."EV Hotel™ revolutionizes how hotels operate by streamlining the guest experience with thoughtful technologies that eliminate frustrating chokepoints across the guest journey, reimagining the hotel front desk with streamlined check-in from its proprietary EV Smart™ app, automating hotel operations, providing upscale amenities, and building new revenue streams which provides a central control point over the guest experience including room controls, concierge, room service and more. The EV Smart™ app provides an all-in-one solution that provid...