LAS VEGAS, Dec. 16, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Lelantos Holdings, Inc. LNTO ("Lelantos" or the "Company"), formerly ProConcept Marketing Group, Inc., is pleased to announce an update in regard to finalizing its merger which is intended to fully complete the process of establishing Lelantos Holdings as a public entity on the OTC Market.
The company was already approved by FINRA for its name change, symbol change, and reverse split and currently trades under the symbol LNTO.To finalize this process, on Nov. 14, 2022, Lelantos Holdings Inc., a Florida entity, filed the required Articles of Merger merging Lelantos Holdings Incorporated, a Nevada corporation, into the Company with a requested effective date of Nov. 22, 2022.
Due to the current document processing delays of over three months in the State of Florida, the Articles of Merger have not yet been processed in that state. Management looks forward to disclosing the fully complete merger and additional corporate activities when the State of Florida processes the documentation and completes the official merger. While the official merger is being processed, Lelantos Holdings aims to acquire Lelantos Energy, Inc. as a wholly owned subsidiary of Lelantos Holdings to specifically expand its footprint and operations within the sustainable energy industry.
This exciting development will leverage established relationships to develop industry-leading sustainable energy solutions, including, but limited to:Sustainable Energy Financing Commercial and Residential Solar Battery Energy Storage Systems EV Charging StationsMicrogrid Design Carbon Footprint Mitigation Renewable Energy Credit MonetizationLelantos Energy has worked diligently to blaze a path in the industry and has cemented relationships with key financiers and leading sustainable energy providers, as well as established designers and engineers. As Lelantos Energy officially enters into partnership agreements with these entities, management will provide full disclosures on who these entities are and the corporate activities associated with the partnerships. About Lelantos HoldingsFounded in the spirit of "Solution Hunting," Lelantos Holdings' innovative business structure is purpose-built to acquire or joint venture with established entities in strategic market sectors..
Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the company's business, projects and joint ventures; (iv) execution of the company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the company's projects; (vi) completion of the company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect to the future so they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance, and undue reliance should not be placed on them.
Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change, except as required by applicable securities laws.
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