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Las Vegas, Nevada, Sept. 20, 2021 (GLOBE NEWSWIRE) -- All American Pet Company, Inc. (OTC Pink: AAPT) ("AAPT" or the "Company") a Nevada holding corporation actively pursuing acquisitions announced it has finalized and executed a Letter of Intent to acquire a technology company valued at USD 200 million.
Having completed its due diligence on the acquisition candidate, management is satisfied with its findings and has concluded it is in the best interest of the Company and its shareholders to move forward with the acquisition of the candidate. To that effect, the Company has executed a binding letter of intent to acquire 100% of the outstanding shares of the acquisition candidate, subject to relevant regulatory approval.
The acquisition candidate is a revenue producing Technology Company. Management feels strongly about the growth potential of the candidate and believes, that for the second year, an aggressive growth in excess of 400% is very likely to occur.
"A lot of market research and due diligence went into sourcing, analyzing, and finalizing this deal. I have the utmost confidence in the potential of this candidate and the value it will bring to AAPT shareholders and investors." commented David Chong, newly appointed CFO.
Additionally, the Company having uploaded all the required disclosure and financial statements as well as the Issuer Attorney letter, has received PINK current status as of last week and is now fully compliant with rule 15C2-11.
About All American Pet Company, Inc.
About All American Pet Company, Inc. a Nevada holding corporation actively pursuing acquisitions. All American Pet Company, Inc. is an OTC Markets listed issuer and trades under the ticker symbol "AAPT".
For more information about the Company visit:
Our OTC Markets Profile: https://www.otcmarkets.com/stock/AAPT/overview
Our website is: https://aaptmerger.com
Our Twitter account is: https://twitter.com/AAPTCo
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
SOURCE: All American Pet Company, Inc.
All American Pet Company, Inc.