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mLight Tech, Inc. Signs Letter of Intent to Acquire The Ding King Training Institute, Inc.



© Marketwire 2013
14.08.2013 23:20:02 -

(live-PR.com) - COSTA MESA, CA -- (Marketwired) -- 08/14/13 -- mLight Tech, Inc., a fully reporting Florida based Bulletin Board corporation (OTCBB: MLGT), announced today that it has signed a binding Letter of Intent to acquire 100% of the stock of The Ding King Training Institute, Inc., a California corporation. Closing documents are expected to be completed within the next 30 days upon receipt of the final audit of The Ding King Training Institute's financials.





Under the terms of the proposed agreement, The Ding King will become the wholly-owned operating subsidiary of mLight Tech and mLight Tech will be the reporting parent company. Todd Sudeck is the Chairman and CEO of both entities, and the corporate headquarters is being moved to Costa Mesa, CA effective immediately.



For past 20 years, The Ding King has experience in operating all types of Paintless Dent Repair businesses including a State Licensed Training Institute teaching Paintless Dent Repair and other Automotive Appearance Programs, Paintless Dent Repair shops with mobile operations, as well as a Paintless Dent Repair Tool distributorship relationship with Snap-On and others. The infomercial for the most popular do-it-yourself dent repair kit called "Ding King" was marketed on television and sold at major retailers across the United States.



COMMENTARY



In conjunction with this announcement, Mr. Sudeck commented, "We are very excited to announce the imminent finalization of this agreement, which we believe will allow us to fully utilize the resources of both mLight and The Ding King to reach a far greater level of success than either company could have expected to achieve on its own. We are already developing strategic plans for funding and expansion of operations and will begin releasing detailed information regarding these plans over the coming weeks and months as they become finalized and available."



Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of mLight Tech, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.




Contact:
Todd Sudeck
CEO
mLight Tech, Inc.
Email Contact : http://www2.marketwire.com/mw/emailprcntct?id=CD5813FB2EAAF3FA



 

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