Gepco, Ltd. (OTCPK:GEPC) signed a letter of intent to acquire Peter Marco, LLC from Peter Voutsas on April 29, 2014. As per the deal, Gepco will pay in cash, stock and purchase money note. The closing of this transaction is subject to definitive documentation and the satisfaction of all conditions set forth therein, and is expected to occur in late July 2014.

As of August 7, 2014, definitive documentation had not been completed and needed funds had not been secured.