US Oilfield Company LLC cancelled the acquisition of ATVRockN in a reverse merger transaction.
December 22, 2016
Share
US Oilfield Company LLC entered into a non-binding letter of intent to acquire ATVRockN (OTCPK:ATVK) in a reverse merger transaction on December 15, 2015. Under the terms of the agreement, ATVRockN would issue to US Oilfield Company, LLC unit holders the amount of ATVRockN common stock so that they would collectively control 90% of the issued and outstanding stock of ATVRockN. Post-acquisition, US Oilfield Company LLC continues as the surviving corporation. The deal is subject to the negotiation and execution of the mutually satisfactory definitive agreement AND resignation of the officers and Directors of Atvrockn. The execution of the definitive agreement by both parties is subject to the completion by Atvrockn of a satisfactory review of the legal, financial and business condition of US Oilfield Company LLC, subject to due diligence review of the business and affairs of ATVRockN. If the definitive agreement is not executed and delivered by the parties prior to January 31, 2016, the letter of intent will be terminated. Moody Capital Solutions acted as the financial advisor in the transaction.
US Oilfield Company LLC cancelled the acquisition of ATVRockN (OTCPK:ATVK) in a reverse merger transaction on December 23, 2016.
Ameritek Ventures, Inc. is a group of companies that provides various software and hardware products and services beneficial to businesses, organizations, and governments. The Company, through its subsidiary, Interactive Systems, Inc., provides software inventory management, and through interlinkONE, Inc., which provides software-as-a-service (SaaS) cloud-based solutions for warehouse and inventory fulfillment. It manufactures and innovates advanced technological developments in the medical industry, such as the DittoMask high-filtration mask. It also develops blockchain technology software programs under WebBeeO and CordTell companies. In addition, the Company explores augmented reality technology with Augmum, Inc. Its subsidiary, AeroPass, Inc., offers vertical landing aircraft services. Ecker Capital, LLC is its merger and acquisition division. Through ESM Software, Inc., it provides software technology specializing in developing business strategy management solutions.