$HDRE - President's Letter to Shareholders
From the desk of the President of HD Retail Solutions, Inc. April 20, 2014
To the Shareholders of HD Retail Solutions, Inc., (HDRE):
I am writing to you today with good news. As you may know, I have spent a great deal of time and energy to the goal of sharing with my fellow shareholders the opportunity to participate in a separate venture known as Greenscape Laboratories, Inc.
As a result of new hurdles to the proposed transaction, I am rescinding the proposed dividend transaction and withdrawing the S-1. Rather than deny you the benefits of the Greenscape Laboratories, Inc. venture that many of you have been waiting for, I am resolving the issue a different way. The result is two-fold. First, it brings immediate benefit of the Greenscape venture to HDREs shareholders. Second, I will be more able to focus on developing the companys operations rather than devoting so much time and attention to non-productive and expensive regulatory filings.
The time you have been waiting for is NOW.
HD Retail Solutions, Inc. is formally acquiring the assets of Greenscape Laboratories with the exception of Greenscapes bank accounts. Because the company is not being transferred, but only the assets, shareholders of HDRE will not be exposed to any contingent liabilities of Greenscapes.
Ten million common shares will be issued by HD Retail Solutions, Inc. as the purchase price. These will be restricted for one year, so there will be no dilution to current shareholders from acquiring Greenscapes assets.
The company is applying for a change of name to Greenscape Laboratories, Inc. and will also pursue a change in the stock symbol.
The company will also be increasing the authorized number of shares. It anticipates using shares to acquire existing competitive facilities or other assets necessary to operate Greenscape?s facilities and retain personnel needed to conduct testing facilities.
There will be no immediate change to the management of HDRE, but we anticipate the addition of directors and/or consultants to assist with various technical, marketing and other issues.
Greenscapes plans going forward:
Greenscape intends to expand the company both organically and by acquisition using stock. Although our goal is to make all actions immediately accretive, management is more interested in the long-term growth than in immediate returns on investment.
Greenscape has already begun reaching out to potential competitors in the testing business to acquire portions of, or all of, existing facilities in Colorado, Oregon and Washington.
Greenscape intends to begin its own testing operations as soon as practical using its own equipment without damaging on-going discussions where existing facilities are located.
Although Greenscape?s initial expansion plans center on states allowing recreational marijuana use, it is evaluating expansion to those states where medical marijuana is allowed.
Clarifications:
Yes, we will be testing marijuana for the presence of toxins, the level of CBDs, CBNs and THC.
Yes, we will be presenting a new website (mjnalab.com) and we will use it as our primary social media contact point.
Yes, we will also employ a Facebook page, and ask that you like it. We intend on posting all news-worthy items on the page.
Yes, we will be making Press Releases to update shareholders and the markets of relevant actions taken by the company and items that may affect the companys operations in the marijuana industry.
Yes, we will respond to inquiries made via the webpage.
Sincerely,
James R. J. Scheltema, CPA, Esq.
Contact:
HD Retail Solutions, Inc.
info@hdretailsolutions.com
800-451-6133
From the desk of the President of HD Retail Solutions, Inc. April 20, 2014
To the Shareholders of HD Retail Solutions, Inc., (HDRE):
I am writing to you today with good news. As you may know, I have spent a great deal of time and energy to the goal of sharing with my fellow shareholders the opportunity to participate in a separate venture known as Greenscape Laboratories, Inc.
As a result of new hurdles to the proposed transaction, I am rescinding the proposed dividend transaction and withdrawing the S-1. Rather than deny you the benefits of the Greenscape Laboratories, Inc. venture that many of you have been waiting for, I am resolving the issue a different way. The result is two-fold. First, it brings immediate benefit of the Greenscape venture to HDREs shareholders. Second, I will be more able to focus on developing the companys operations rather than devoting so much time and attention to non-productive and expensive regulatory filings.
The time you have been waiting for is NOW.
HD Retail Solutions, Inc. is formally acquiring the assets of Greenscape Laboratories with the exception of Greenscapes bank accounts. Because the company is not being transferred, but only the assets, shareholders of HDRE will not be exposed to any contingent liabilities of Greenscapes.
Ten million common shares will be issued by HD Retail Solutions, Inc. as the purchase price. These will be restricted for one year, so there will be no dilution to current shareholders from acquiring Greenscapes assets.
The company is applying for a change of name to Greenscape Laboratories, Inc. and will also pursue a change in the stock symbol.
The company will also be increasing the authorized number of shares. It anticipates using shares to acquire existing competitive facilities or other assets necessary to operate Greenscape?s facilities and retain personnel needed to conduct testing facilities.
There will be no immediate change to the management of HDRE, but we anticipate the addition of directors and/or consultants to assist with various technical, marketing and other issues.
Greenscapes plans going forward:
Greenscape intends to expand the company both organically and by acquisition using stock. Although our goal is to make all actions immediately accretive, management is more interested in the long-term growth than in immediate returns on investment.
Greenscape has already begun reaching out to potential competitors in the testing business to acquire portions of, or all of, existing facilities in Colorado, Oregon and Washington.
Greenscape intends to begin its own testing operations as soon as practical using its own equipment without damaging on-going discussions where existing facilities are located.
Although Greenscape?s initial expansion plans center on states allowing recreational marijuana use, it is evaluating expansion to those states where medical marijuana is allowed.
Clarifications:
Yes, we will be testing marijuana for the presence of toxins, the level of CBDs, CBNs and THC.
Yes, we will be presenting a new website (mjnalab.com) and we will use it as our primary social media contact point.
Yes, we will also employ a Facebook page, and ask that you like it. We intend on posting all news-worthy items on the page.
Yes, we will be making Press Releases to update shareholders and the markets of relevant actions taken by the company and items that may affect the companys operations in the marijuana industry.
Yes, we will respond to inquiries made via the webpage.
Sincerely,
James R. J. Scheltema, CPA, Esq.
Contact:
HD Retail Solutions, Inc.
info@hdretailsolutions.com
800-451-6133
