VIASPACE Signs Letter of Intent to Acquire Elite T

VIASPACE Signs Letter of Intent to Acquire Elite Therapeutics - Chairman Discusses Continuing Evolution of Company's Future
| 6:00 AM |

[PR Newswire] - WALNUT, Calif., Dec. 1, 2014 /PRNewswire/ -- VIASPACE Inc. (VSPC) today announced that it has signed a nonbinding Letter of Intent (LOI) to acquire luxury cosmetics company, Elite Therapeutics (www.elitetherapeutics.com). VIASPACE and Elite Therapeutics have agreed to carefully examine the details and potential benefits of an all-stock acquisition with an anticipated closing in the first quarter of 2015. VIASPACE Chairman, Dr. Kevin Schewe is the founder and majority shareholder of Elite Therapeutics which is based in Denver, Colorado.

http://us.rd.yahoo.com/finance/news/rss/story...00395.html

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