Florida Beauty Express Inc., Floral Logistics of California Inc., Florida Beauty Flora, Inc., Floral Logistics Of Miami, Inc and Tempest Transportation, Inc. completed the acquisition of REAC Group, Inc. in a reverse merger transaction.
January 12, 2020
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Florida Beauty Express Inc., Floral Logistics of California Inc., Florida Beauty Flora, Inc., Floral Logistics Of Miami, Inc and Tempest Transportation, Inc., entered into a non-binding letter of intent to acquire REAC Group, Inc. (OTCPK:REAC) in a reverse merger transaction on December 20, 2019. Florida Beauty Express Inc., Floral Logistics of California Inc., Florida Beauty Flora, Inc., Floral Logistics Of Miami, Inc and Tempest Transportation, Inc. entered into a definitive agreement to acquire REAC Group, Inc. (OTCPK:REAC) in a reverse merger transaction on December 26, 2019. This transaction is subject to approval and funding from Auctus Group, LLC. The closing of the transaction is subject to customary conditions precedent including satisfactory due diligence and the execution of definitive agreements. This transaction is also subject to approval and funding from Auctus Group, LLC. The closing date of this transaction shall be on or before December 24, 2019. The transaction is expected to close on January 2, 2020. Law Office of Andrew Coldicutt acted as legal advisor to REAC Group in the transaction.
Florida Beauty Express Inc., Floral Logistics of California Inc., Florida Beauty Flora, Inc., Floral Logistics Of Miami, Inc and Tempest Transportation, Inc. completed the acquisition of REAC Group, Inc. (OTCPK:REAC) in a reverse merger transaction on January 13, 2020. The conditions to the Agreement have been satisfied and fully closed.
REAC Group, Inc. is engaged in the ownership and operation of a real estate advertising portal Website. The Company provides an online real estate search portal that consists of an advertising and marketing platform for real estate professionals. The Company is also engaged in building a national online lead network for its real estate professionals. The Company provides a service that enables real estate professionals to capture, cultivate, and convert leads, which cater to prospective home buyers and sellers, through their real estate Website, www.realestatecontacts.com. RealEstateContacts.com serves as an Internet portal that features a real estate search engine that directs consumers to receive more detailed information about their local agents, brokers, and offices, with regards to showing current listings, homes for sale, commercial properties, mortgages, and foreclosures. It also intends to acquire real estate, such as multi-family and residential income-producing properties.
Florida Beauty Express Inc., Floral Logistics of California Inc., Florida Beauty Flora, Inc., Floral Logistics Of Miami, Inc and Tempest Transportation, Inc. completed the acquisition of REAC Group, Inc. in a reverse merger transaction.