HE-5 Resources Corp. Receives LOI for 49%, July 20th, 2010, After Closing Bell
NEW YORK, July 21 /PRNewswire-FirstCall/ - HE-5 Resources Corp. (Other OTC: HRRN.PK) received a formal LOI ( letter of intent) on Monday, July 20th, 2010, at the end of business day, from an Israeli law firm based in Tel Aviv. This letter was addressed to HE-5's legal counsel and President Mr. Beauchamp, and the following was stated by the law firm representing Bat-Or Investments Inc. that it intends "to make a formal offer for 49% of HE-5 Resources Corp. control block." HE-5 Corp. board of directors have no choice but to seriously take this offer into consideration and reconvene and review it immediately.
At this time, the company has requested all necessary documentation as well as confidentiality agreements. The Board of Directors will keep shareholders apprised.
About us:
We are a developing service company, offering innovative SaaS software solutions. Our software suite Triple Crown CRM was designed for the management needs of individuals and companies. HE-5 Resources' Cloud Computing provides the insight, technology, and synergy to efficiently support the functions of your systems and operations.
Our business is to make yours successful.
Forward Looking Statements
This release contains statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Act of 1995. Certain statements in this press release may contain words such as "anticipates," "believes," "could," "expects," "intends," "may," "projects," "targets" and other similar language that is considered forward-looking statements. These forward-looking statements are subject to certain risks and uncertainties and persons reading this release are cautioned that such statements are only predictions, and that the Company's actual future results or performance may be materially different. The Company disclaims any intention or obligation to update or revise forward-looking information, whether as a result of new information, future events, or otherwise, could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
CONTACT: HE-5resourcescorp.com, Triplecrowncrm.com, Customer Relation: 646-205-2246
SOURCE HE-5 Resources, Corp.
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