Indoor growing Phototron Leader Signs LOI to get SG Technologies / Stealth Grow Brand
Gardena, CA (PRWEB) March 5, 2012
Phototron Holdings, Inc. (OTC: photo) (OTCQB: phot), Los Angeles leads hydroponic grow box grow their own revolution, today announced it has signed a letter of intent (LOI) to acquire SG Technologies Corp., a leading manufacturer of high-powered light emitting diode (LED) products sold under the brand Stealth Grow rapidly growing domestic and require very little power. The proposed merger should be completed in the next 30 days in all stock transaction.
Tags: Phototron management team is excited to announce the signing of intent with SG Technologies, said Craig Ellins, CEO Phototrons. We expect that the proposed merger to expand existing product offerings and provide additional financial strength as we look to integrate Stealth line growth, which is highly respected among the top horticulturalists. We also provide exciting new synergies as we combine product Phototrons hydroponic growing systems with cutting-edge new Stealth Grow LED.
Tags: SG Technologies is a leader in LED lighting technology growth. Sales of products under the popular brand Stealth Grow, the company is formed by a team of experienced gardeners and engineers who worked to make the LEDs on the front inside garden provides an excellent range of LED lights grow.
Tags: SG Technologies manufactures its own components, and consequently the company has an incredible amount of flexibility in testing their products. Generations were tested for the house lights raised numerous plants to create the most advanced combination of spectrum and intensity of the LED grow light available today.
It
LOI is an important step forward for both companies, Sterling said Scott, CEO of SG technology. We believe that the combination of our activities is a win-win Phototron and theft as an opportunity, growth and lead to a brand new innovative products that benefit our loyal customers and strategic partners.
Tags: the proposed acquisition is expected to complement existing Phototrons direct sales and online impetus for its new growth Hydroponic systems that are designed to serve as home gardening 30 billion and $ 1.7 billion medical marijuana markets.
Completion
purchase is subject to certain conditions, including but not limited to, negotiation and execution of a definitive purchase agreement and approval by the board and Phototrons SGTs.
Tags: About Technologies Corp. (SG Stealth Grow LED)
SG Technologies Corp. is a leading North American High Power LED (Light Emitting Diode) grow light for indoor gardening products, sold under the brand Stealth LED growth. U.S. Stealth Grow offers technical, energy-efficient technologies and green for indoor gardening healthy and wealthy. Increased theft LED products are available with more than 2,500 online stores and retailers in hydroponic U.S. and Canada. Increased theft LED products will be available in European Community retailers in late spring 2012. To buy directly from Stealth grow or find the nearest dealer, visit http://www.stealthgrow.com or contact us by phone at 800-770-9788.
Tags: About Phototron Holdings, Inc.
Phototron Holdings, Inc. (OTC: photo) (OTCQB: phot) develops and manufactures high-end indoor mini-greenhouses able to grow perennial plants, vegetables, flowers, fruits and medicines, better stronger and faster than traditional farming methods. Hydroponic Indoor Grow Phototron system, commonly called the window growth is built on decades of research on the needs of the optimum temperature, light, water and nutrients. Phototron system uses its own lighting that simulates sunlight to grow on nutrient-rich, pesticide-free, organic crops and faster enough than traditional gardening methods, resulting in fruit and vegetables taste and excellent quality. Phototron supports the sale and use of its products on the market of medical marijuana at home, where, in accordance with applicable laws. Phototron also supplies a complete range of parts, accessories and advanced nutrients more than 50,000 customers.
Tags: for the full investor relations material, including worksheets, presentations, and video conference call, follow the link. Investor presentations, Portal and Investor Investor sheet
Phototron
systems and accessories can be purchased from the company’s website at: phototron.com. For more information on internal growth, or to purchase or inquire about products performing Phototron, call (800) 651-2837 or Phototron.com.
Forward-looking statements
Except for historical information contained herein, statements in this press release are forward-looking and made pursuant to safe harbor provisions of the Private Securities Litigation Reform of 1995. Forward-looking statements are inherently unreliable and actual results may differ materially. Examples of forward-looking statements in this press release include statements regarding new initiatives to accelerate growth and realize successful MLM business model, marketing and distribution plans, development and results of the transaction. Factors that could cause actual results to differ materially from these forward-looking statements include such factors as companies are able to conduct its business initiatives, large fluctuations in marketing costs and the ability to achieve and increase the level of ordinary income or recognizes net revenues from product sales and services, introduction of competing products and management’s ability to attract and retain qualified staff needed to develop and commercialize its planned products, and other information that may be detailed from time to time in reports filed with the Commission of the United States Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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