Zegarelli Group Intl (ZEGG) 0.2400 $ZEGG
Zegarelli Completes Transaction With 2050 Motors, Inc. and Will Continue Trading Under Symbol "ZEGG" Until the New Symbol is Processed by FINRA
GlobeNewswire - Mon May 05, 2:14PM CDT
Zegarelli Group International, Inc. (OTCBB:ZEGG) announced today it has completed the Plan and Agreement of Reorganization with 2050 Motors, Inc. and all of its stockholders ("2050 Motors, whereby Zegarelli has acquired all of the issued and outstanding shares of 2050 Motors common stock in exchange for 24,994,670 shares of Zegarelli common stock, and the 2050 Motors stockholders have become the majority owners of Zegarelli. In conjunction with this announcement, Zegarelli, by the written consent and approval of a majority of its stockholders, took the following actions: (i) change of name to 2050 Motors, Inc., (ii) increase the authorized common stock to 100,000,000 shares and (iii) affect a 1-for-4 reverse stock split. Zegarelli will continue to trade under the stock ticker "ZEGG" until FINRA completes its processing and notice requirements, after which time the stock ticker symbol will change to "ETFM".
2050 Motors, Inc. to Go Public Through Transaction With Zegarelli Group International, Inc.
GlobeNewswire - Wed Feb 05, 5:00AM CST
Zegarelli Group International ("Zegarelli"
(OTCBB:ZEGG), a blank check company, announced today it has entered into a Plan and Agreement of Reorganization (the "Acquisition Agreement" with 2050 Motors, Inc. ("2050 Motors" and certain stockholders of 2050 Motors, whereby Zegarelli will acquire all of the issued and outstanding shares of 2050 Motors common stock in exchange for 24,993,665 shares of Zegarelli common stock, and the 2050 Motors stockholders will become the majority owners of Zegarelli. In conjunction with this announcement, Zegarelli will file a Schedule 14F-1 with the U.S. Securities and Exchange Commission ("SEC" relating to the change in the majority of its board of directors to a group of directors designated by 2050 Motors. In accordance with the close of the transaction Zegarelli will change its name to 2050 Motors, Inc. and affect a reverse stock split of 1 for 4, reducing its total issued and outstanding shares to 5,562,084 shares prior to the exchange of shares with 2050 Motors. The close of the transaction is expected to take place around March 16, 2014.
Zegarelli Completes Transaction With 2050 Motors, Inc. and Will Continue Trading Under Symbol "ZEGG" Until the New Symbol is Processed by FINRA
GlobeNewswire - Mon May 05, 2:14PM CDT
Zegarelli Group International, Inc. (OTCBB:ZEGG) announced today it has completed the Plan and Agreement of Reorganization with 2050 Motors, Inc. and all of its stockholders ("2050 Motors, whereby Zegarelli has acquired all of the issued and outstanding shares of 2050 Motors common stock in exchange for 24,994,670 shares of Zegarelli common stock, and the 2050 Motors stockholders have become the majority owners of Zegarelli. In conjunction with this announcement, Zegarelli, by the written consent and approval of a majority of its stockholders, took the following actions: (i) change of name to 2050 Motors, Inc., (ii) increase the authorized common stock to 100,000,000 shares and (iii) affect a 1-for-4 reverse stock split. Zegarelli will continue to trade under the stock ticker "ZEGG" until FINRA completes its processing and notice requirements, after which time the stock ticker symbol will change to "ETFM".
2050 Motors, Inc. to Go Public Through Transaction With Zegarelli Group International, Inc.
GlobeNewswire - Wed Feb 05, 5:00AM CST
Zegarelli Group International ("Zegarelli"
(OTCBB:ZEGG), a blank check company, announced today it has entered into a Plan and Agreement of Reorganization (the "Acquisition Agreement" with 2050 Motors, Inc. ("2050 Motors" and certain stockholders of 2050 Motors, whereby Zegarelli will acquire all of the issued and outstanding shares of 2050 Motors common stock in exchange for 24,993,665 shares of Zegarelli common stock, and the 2050 Motors stockholders will become the majority owners of Zegarelli. In conjunction with this announcement, Zegarelli will file a Schedule 14F-1 with the U.S. Securities and Exchange Commission ("SEC" relating to the change in the majority of its board of directors to a group of directors designated by 2050 Motors. In accordance with the close of the transaction Zegarelli will change its name to 2050 Motors, Inc. and affect a reverse stock split of 1 for 4, reducing its total issued and outstanding shares to 5,562,084 shares prior to the exchange of shares with 2050 Motors. The close of the transaction is expected to take place around March 16, 2014. 
