REAL ESTATE CONTACTS, INC. (OTCMKTS:REAC) Files An 8-K Regulation FD DisclosureItem 7.01 Regulation FD Disclosure
In the interest of full disclosure, the Company hereby discloses the following non-public information:
On November 15, 2016, the Company approved the signing of a non-binding Letter of Intent (“LOI”) for the acquisition of all assets, trade secrets, intellectual property, and proprietary information of Patriot Bioenergy Corporation, a Kentucky corporation (“Patriot”). On December 6, 2016, the Company and Patriot signed a revised LOI replacing the “non-binding” language with “binding” language. If after a period of due diligence all terms and conditions are agreed and conditions to Closing are met, definitive agreements would be executed. If Closing occurs as anticipated, these transactions would be dilutive to existing shareholders. No assurance can be had that the above transactions will be satisfactorily concluded. If these transactions are in fact concluded, the acquisitions will be reported in a report on Form 8-K.
About REAL ESTATE CONTACTS, INC. (OTCMKTS:REAC)
Real Estate Contacts, 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. It provides a service that enables real estate professionals to capture, cultivate and convert leads, which caters to home buyers and sellers from its real estate search engine Website, (www.realestatecontacts.com). RealEstateContacts.com serves as an Internet portal that features a real estate search engine and a media network that directs consumers to receive detailed information about current listings, homes for sale, commercial properties, mortgages and foreclosures. Its business is conducted solely within the Internet arena. The Company is also engaged in developing online video Websites for the enterprise market. REAL ESTATE CONTACTS, INC. (OTCMKTS:REAC) Recent Trading Information
REAL ESTATE CONTACTS, INC. (OTCMKTS:REAC) closed its last trading session up +0.01 at 1.00 with 200,100 shares trading hands.