Diversified Resources Inc. completed the acquisition of Ultra-Energy Solutions and Vinco Logistics, LLC for $10 million.
Diversified Resources Inc. (OTCPK:DDRI) completed the acquisition of Ultra-Energy Solutions and Vinco Logistics, LLC for $10 million on February 1, 2016. Diversified Resources executed a share exchange agreement with Diversified Energy Services, Inc. Diversified Energy Services, Inc. was created to be the energy services side of Diversified Resources and is made up of Ultra Energy Solutions and Vinco Logistics. The exchange agreement calls for the issuance of 20.3271 million shares of restricted common stock and the assumption of equipment debt.