SHAREHOLDER UPDATE RELEASED
http://www.stjamesremedies.com/news/april-5th...der-update
Denver, CO - April 5, 2016 MT
International Consolidated Companies (OTC: INCC) today provides it shareholders with an update on the acquisition of certain assets of INCC by St. James Remedies (SJR).
In the course of due diligence in preparation of the sale of INCC’s patents to St. James Remedies it was discovered that the patents had expired due to the inadvertent non-payment of maintenance fees.
INCC has agreed to include additional trade secret information in the sale to SJR in light of this information. SJR will still acquire the patents and will purchase them as is with the right to petition the Patent and Trademark Office to accept the late payment of maintenance fees and have the patents reinstated. Consideration for the transaction remains 2,000,000,000 (Two Billion) shares of SJR and the assumption of certain debts by SJR.
Due to an increase in the number of outstanding INCC common shares, Antonio Uccello will gift a block of SJR shares personally owned, to be added to the 2,000,000,000 consideration shares, to be registered on an S-1 registration statement, in order to maintain a 1 for 1 dividend ratio. INCC has also set a new record date for the dividend. Shareholders of record as of April 29, 2016, will be entitled to receive the dividend of SJR shares once the shares are registered.
/s/ Adam Ardenfriend, President /s/ Antonio Uccello, Chairman of the Board
International Consolidated Companies (INCC) was founded in 2002. INCC and its subsidiaries are in the business of people - helping people, through the development of quality hemp products and services, which bring new energy to the world and will ultimately create prosperity for investors. INCC is focused on acquiring and growing businesses that offer innovation, quality, and cost-efficient technologies.
Forward-looking disclaimer
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risk and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from the statements made herein.
http://www.stjamesremedies.com/news/april-5th...der-update
Denver, CO - April 5, 2016 MT
International Consolidated Companies (OTC: INCC) today provides it shareholders with an update on the acquisition of certain assets of INCC by St. James Remedies (SJR).
In the course of due diligence in preparation of the sale of INCC’s patents to St. James Remedies it was discovered that the patents had expired due to the inadvertent non-payment of maintenance fees.
INCC has agreed to include additional trade secret information in the sale to SJR in light of this information. SJR will still acquire the patents and will purchase them as is with the right to petition the Patent and Trademark Office to accept the late payment of maintenance fees and have the patents reinstated. Consideration for the transaction remains 2,000,000,000 (Two Billion) shares of SJR and the assumption of certain debts by SJR.
Due to an increase in the number of outstanding INCC common shares, Antonio Uccello will gift a block of SJR shares personally owned, to be added to the 2,000,000,000 consideration shares, to be registered on an S-1 registration statement, in order to maintain a 1 for 1 dividend ratio. INCC has also set a new record date for the dividend. Shareholders of record as of April 29, 2016, will be entitled to receive the dividend of SJR shares once the shares are registered.
/s/ Adam Ardenfriend, President /s/ Antonio Uccello, Chairman of the Board
International Consolidated Companies (INCC) was founded in 2002. INCC and its subsidiaries are in the business of people - helping people, through the development of quality hemp products and services, which bring new energy to the world and will ultimately create prosperity for investors. INCC is focused on acquiring and growing businesses that offer innovation, quality, and cost-efficient technologies.
Forward-looking disclaimer
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material may contain statements about expected future events and/or financial results that are forward-looking in nature and subject to risk and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements to be materially different from the statements made herein.
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