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OWVI One World Ventures Inc (PK)

0.0119
0.0034 (40.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
One World Ventures Inc (PK) USOTC:OWVI OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0034 40.00% 0.0119 0.0042 0.0119 0.0119 0.006 0.007 33,851 20:55:27

One World Ventures Signs LOI to Acquire Hydrobotanical Engineering

28/10/2010 2:30pm

Marketwired


One World Ventures (PK) (USOTC:OWVI)
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One World Ventures, Inc. (PINKSHEETS: OWVI) is pleased to announce that, effective October 28, 2010, it has entered into a Letter of Intent (the "LOI") with Hydrobotanical Engineering, LLC, a Limited Liability Company duly organized and existing under the laws of the State of California, whereby the Company proposes to acquire all of the issued and outstanding capital stock of Hydrobotanical Engineering, LLC. During the month October, 2010, the company has already booked over $1 Million dollars in sales.

In accordance with the terms of this Letter of Intent, One World Ventures, Inc. and Hydrobotanical Engineering, LLC, wish to memorialize the understanding with respect to One World Ventures, Inc. acquiring Hydrobotanical Engineering, LLC, as a 100% Wholly Owned Subsidiary of One World Ventures, Inc. This Letter of Intent, which on behalf of the parties, sets forth the basic terms and conditions for the preparation and execution of an Acquisition Agreement upon which the parties have agreed.

Stephen Prior, CEO, One World Ventures, Inc. said, "This pending acquisition is accretive and consistent with our recently-announced strategy to grow shareholder value by acquiring reputable, innovative and, most importantly, profitable companies operating in this expanding growing space."

Scott Rettberg, CEO, Hydrobotanical Engineering, stated, "This transaction will transform our company, giving us the resources to capitalize immediately on this rapidly developing market in providing equipment that is safe and secure to a fully automated organic farming supply chain."

About Hydrobotanical Engineering

Hydrobotanical Engineering, LLC, a Limited Liability Company duly organized and existing under the laws of the State of California. Growbots is an all-in-one, plug-and-grow hydroponic production system providing a complete seed-to-harvest solution. More information can be found at http://www.growbot.com/.

About One World Ventures, Inc.: One World Ventures, Inc. is a holding company with management resourced in Asia, Mexico and the United States that invests in technologies, communities and systems that facilitate trade, finance, communication and travel across international boundaries, cultures and languages.

Safe Harbor Statement: Any statements contained herein related to future events are forward-looking statements and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Readers are cautioned not to place undue reliance on forward-looking statements. One World Ventures, Inc. undertakes no obligation to update any such statements to reflect actual events.

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Contact: One World Ventures, Inc. investors@1worldventures.net Website: www.1worldventures.net Hydrobotanical Engineering San Juan Capistrano California 92675 Tel. (949) 226-4468 http://www.growbot.com/ scott@hydrobotanical.com

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