Attached files
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8-K - Solanbridge Group, Inc. | v208155_8k.htm |
EX-3.I1 - Solanbridge Group, Inc. | v208155_ex3i-1.htm |
Solanex
Management Inc. Announces
Board
Additions, Name Change and Potential Asset Acquisitions
Houston
Texas—January 11, 2011—Solanex Management Inc. (OTCBB: SLNX) (the “Company”)
today announced that the Company’s board of directors has added four individuals
to the board, changed the name of the Company to Solanbridge Group, Inc.
(hereinafter “Solanbridge”) and entered into a binding letter of intent (the
“LOI”) whereby Solanbridge will acquire the assets of Corbridge Group, Inc., a
Texas corporation (hereinafter “Corbridge”).
Pursuant
to the LOI, Solanbridgeand Corbridge will execute an asset purchase agreement
whereby Solanbridgewill issue thirty (30) million shares of common stock (the
“Shares”) to Corbridge and/or parties designated by Corbridge. In
exchange for the Shares, Solanbridge will acquire the telecom-related assets of
Corbridge and an option to purchase certain real estate assets, which consists
of (a) an 191 unit apartment complex on Cambridge Street in Las Vegas, Nevada
and (b) two four-story apartment buildings (43 units total) in Brooklyn, New
York.
Charles
R. Shirley, newly appointed Chief Executive Officer and board member of
Solanbridge, was also pleased to announce that Mr. Earle G. Hickey, Mr. Joseph
Curci, and Ms. RosaliaMiray would also be joining the board. At the
same time, Mr. David J. Eckert resigned from the board and from the position of
Chief Financial Officer.
About Solanbridge Group,
Inc.
Solanbridge
Group Inc. is based in Houston, Texas and is a diversified holding company with
interests in real estate acquisition and management and also telecom equipment
sales and installation.The shares of Solanbridge Group, Inc. trade on the OTCBB
under the stock symbol “SLNX”.
Safe Harbor
Statement
This
press release contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities Enterprises
Act of 1934. These forward-looking statements are based on the current plans and
expectations of management and are subject to a number of uncertainties and
risks that could significantly affect the company's current plans and
expectations, as well as future results of operations and financial condition. A
more extensive listing of risks and factors that may affect the company's
business prospects and cause actual results to differ materially from those
described in the forward-looking statements can be found in the reports and
other documents filed by the company with the Securities and Enterprises
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.
CONTACT:
|
Solanbridge
Group, Inc.
|
Charles
R. Shirley
(832)
225-1372
charles@aidancapital.com