Great Rock Development Signs LOI to Acquire Pionee
Post# of 579
Posted On: 09/15/2015 2:59:30 PM
Great Rock Development Signs LOI to Acquire Pioneering Autonomous Robotics Company
PR Newswire
TORONTO, September 15, 2015
TORONTO, September 15, 2015 /PRNewswire/ --
Great Rock Development Corp (OTC: GROC) is pleased to announce the signing of a Letter of Intent to acquire an autonomous robotics company.
The target company brings a wealth of experience and knowledge to Great Rock as it is an established leader in the Automation Industry and has the technological reach to target several vertical markets.
The parties have been undergoing extensive due diligence and hope to finalize the transaction in the next few weeks. Both parties are operating under a non disclosure agreement until such time as the binding agreement is executed.
Further Stock cancellation
Strengthening our balance sheet and corporate structure further, Great Rock expects to cancel an additional 40,000,000 common shares in the next week. The cancellation will bring the issued and outstanding stock to less than 88,000,000 shares pre acquisition.
Management looks forward to sharing more information on our progress.
To be added to the Great Rock mailing list email contact@GreatRockDev.com with GROC in the subject.
About Great Rock Development.
The global marketplace demands efficiency. At Great Rock we design and implement a variety of solutions, including automation in order to streamline labor and energy costs while improving speed and efficiency within the workplace. At Great Rock, our business solutions span several industries. From agricultural fields to manufacturing and big box super-stores, and to remote mining operations, Great Rock will develop solutions to enhance the efficiency and cost structure of your business.
http://www.GreatRockDev.com Great Rock Development to Divest Forest Bio-Products - Strengthens Balance Sheet
PR Newswire
TORONTO, Sept. 11, 2015
TORONTO, Sept. 11, 2015 /PRNewswire/ --Great Rock Development Corp. (OTCPK: GROC) is pleased to announce the signing of an agreement to divest of one of its operating subsidiaries, Forest Bio- Products Inc.
Following the divestiture the company will emerge essentially debt free with over $1 million in liabilities retired. Great Rock will also rescind 80,000,000 common shares bringing the total issued and outstanding to under 128,000,000 .
Commenting on the transaction, Great Rock Director Maria Gafter... "With Forest Bioʼs sales down in 2015 there will be little changed in the companyʼs income and sales.
These moves will dramatically enhance the Companyʼs balance sheet and improve shareholders equity."
The move allows management to focus more on efficiency and robotics solutions, a key market for the company."
About Great Rock Development.
The global marketplace demands efficiency. At Great Rock we design and implement a variety of solutions, including automation in order to streamline labor and energy costs while improving speed and efficiency within the workplace. At Great Rock, our business solutions span several industries. From agricultural fields to manufacturing and big box super-stores, and to remote mining operations, Great Rock will develop solutions to enhance the efficiency and cost structure of your business.
To be added to the Great Rock mailing list email info@GreatRockDev.com with GROC in the subject.
www.GreatRockDev.com
PR Newswire
TORONTO, September 15, 2015
TORONTO, September 15, 2015 /PRNewswire/ --
Great Rock Development Corp (OTC: GROC) is pleased to announce the signing of a Letter of Intent to acquire an autonomous robotics company.
The target company brings a wealth of experience and knowledge to Great Rock as it is an established leader in the Automation Industry and has the technological reach to target several vertical markets.
The parties have been undergoing extensive due diligence and hope to finalize the transaction in the next few weeks. Both parties are operating under a non disclosure agreement until such time as the binding agreement is executed.
Further Stock cancellation
Strengthening our balance sheet and corporate structure further, Great Rock expects to cancel an additional 40,000,000 common shares in the next week. The cancellation will bring the issued and outstanding stock to less than 88,000,000 shares pre acquisition.
Management looks forward to sharing more information on our progress.
To be added to the Great Rock mailing list email contact@GreatRockDev.com with GROC in the subject.
About Great Rock Development.
The global marketplace demands efficiency. At Great Rock we design and implement a variety of solutions, including automation in order to streamline labor and energy costs while improving speed and efficiency within the workplace. At Great Rock, our business solutions span several industries. From agricultural fields to manufacturing and big box super-stores, and to remote mining operations, Great Rock will develop solutions to enhance the efficiency and cost structure of your business.
http://www.GreatRockDev.com Great Rock Development to Divest Forest Bio-Products - Strengthens Balance Sheet
PR Newswire
TORONTO, Sept. 11, 2015
TORONTO, Sept. 11, 2015 /PRNewswire/ --Great Rock Development Corp. (OTCPK: GROC) is pleased to announce the signing of an agreement to divest of one of its operating subsidiaries, Forest Bio- Products Inc.
Following the divestiture the company will emerge essentially debt free with over $1 million in liabilities retired. Great Rock will also rescind 80,000,000 common shares bringing the total issued and outstanding to under 128,000,000 .
Commenting on the transaction, Great Rock Director Maria Gafter... "With Forest Bioʼs sales down in 2015 there will be little changed in the companyʼs income and sales.
These moves will dramatically enhance the Companyʼs balance sheet and improve shareholders equity."
The move allows management to focus more on efficiency and robotics solutions, a key market for the company."
About Great Rock Development.
The global marketplace demands efficiency. At Great Rock we design and implement a variety of solutions, including automation in order to streamline labor and energy costs while improving speed and efficiency within the workplace. At Great Rock, our business solutions span several industries. From agricultural fields to manufacturing and big box super-stores, and to remote mining operations, Great Rock will develop solutions to enhance the efficiency and cost structure of your business.
To be added to the Great Rock mailing list email info@GreatRockDev.com with GROC in the subject.
www.GreatRockDev.com
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