ITNS going in a new direction ...adding another subsidiary
$ITNS just received a full audit in August
http://finance.yahoo.com/news/itonis-inc-comp...00582.html
Usually when you see companies spending money on getting current and audits good things tend to happen after
Plan of Operation:
Itonis, Inc. was originally incorporated in 2005 under the name of Kenshou, Inc. Later that year in December of 2005, the company changed its name to Itonis, Inc.
The Company has focused its acquisition efforts in the scientific technology sector.
On September 1, 2011 Itonis entered into a Memorandum of Understanding with Paramount Discoveries, Inc., with the definitive Purchase Agreement (the “Agreement”) having been executed on November 4, 2011.
With the signing of this Agreement, the Company is executing its new business direction. The technology behind Paramount Discoveries, Inc. (“PDI”) has demonstrated high-revenue potential through its discovery of electro-magnetic frequency technologies that enable unprecedented
processes through the ability to magnetize carbon, salt, and silver. The ability to magnetize carbon, salt, and silver is expected to enhance countless industrial, agricultural, and manufacturing processes with more efficient and environment-friendly applications. PDI is currently developing and making available its technologies for immediate licensing with the anticipation of achieving robust revenues and substantial returns to its shareholders. The Company acquired PDI through a share exchange arrangement without incurring any financing debt. This transaction will be consummated when the Company is able to sufficiently increase the number of authorized shares to enable it to complete the transaction
The Company continues to seek out and acquire other high growth businesses to deliver returns to shareholders by seeking out and acquiring additional profit opportunities with minimal debt requirements.
