ELITE GROUP, INC. (OTCMKTS:ELTZ) Files An 8-K Completion of Acquisition or Disposition of AssetsItem 2.01 Completion of Acquisition or Disposition of Assets
On September 13, 2017, Elite Group Inc entered into and executed an agreement to purchase Pirate Oilfield Services. Under the terms of the agreement Elite will assume a bank note of $850,000 and other specifically identified expenses. Pirate had revenue of $6.5 million in 2016 and $3.5 million through July 2017.
About ELITE GROUP, INC. (OTCMKTS:ELTZ)
Elite Group, Inc, formerly Elite Books Inc., is a development-stage company. The Company focuses on selling books by utilizing Internet. It is primarily focused on a range of science and humanities subjects, namely, archaeology, history, historiography, linguistics, paleolinguistics, philosophy, anthropology and genetics. Its archaeology books offer environmental data and human cultural heritage. Its History books offer information regarding the study of the past and various possible sources of the past to establish the sequence of events, historical processes, objectively described facts. Its Historiography books provide social science of history and historical methodology. Its linguistics books offer the studies of human languages. Its Paleolinguistics books provide modern historical linguistic studies. Its Anthropology books offer study of man, his origin, development, existence in the natural and cultural environment.