Business
Correction: The Mint Leasing, Inc. (MLES) Closes Share Exchange Agreement With Sunset Brands Capital Assets (SSBN)
Correction: The Mint Leasing, Inc. (MLES) Closes Share Exchange Agreement With Sunset Brands Capital Assets (SSBN).
About this update from Sunset Capital Assets, Inc.
[{"type":"text","content":"\n \n This press release corrects and replaces in its entirety, various \n inaccurate information regarding the press release entitled “Sunset \n Capital Assets, Inc. (SSBN) Announces Merger With The Mint Leasing, Inc. \n (MLES)”, released by Sunset Capital Assets, Inc. on September 24, \n 2014, regarding the closing of its transaction with The Mint Leasing, \n Inc., including, but not limited to, the type of transaction; the \n relationship of the parties; certain financial information contained \n therein; various quotes attributed to the principals of the parties; \n various projections contained in such release; the status of the parties \n following the closing; and the future plans of the parties contained \n therein. The corrected release is provided below and the entirety of the \n information contained in the prior release should be disregarded. We \n apologize for any confusion this mistake may have created.\n \n \n The Mint Leasing, Inc. (“Mint”), a Nevada corporation, trading on the \n Over the Counter (OTC) markets “Bulletin Board” as MLES, and Sunset \n Brands, Inc. dba Sunset Capital Assets, a Nevada corporation, trading on \n the Over the Counter (OTC) markets “Pink Sheets” as SSBN (“Sunset” or \n the “Company”), today announced that they had completed a share exchange \n (“the exchange”), pursuant to which Mint exchanged 42.3% of its \n post-transaction common stock with Sunset in consideration for 100% of \n the voting securities and 99% of the non-voting securities of Investment \n Capital Fund Group, LLC Series 20 (“ICFG”). Mint is based in Houston, \n Texas and owns and operates an auto finance company specializing in both \n financing and leasing automobiles.\n \n \n Sunset is a diversified financial services firm focusing on acquisition \n and investment in insured banks, mortgage companies, real estate, title \n insurance, insurance, auto financing, commercial financing, investment \n banking, and management consulting service primarily in the Southeast \n United States.\n \n \n Prior to the exchange, Mint had total assets of approximately $18 \n million as of June 30, 2014, and projected annual revenues of \n approximately $8.2 million for fiscal 2014. Pursuant to the exchange, \n Sunset transferred ownership ...