Tiderock Companies and MTAG Composites Execute Binding LOI and Agree to Extend Closing Date
Tiderock Companies and MTAG Composites Execute Binding LOI and Agree to Extend Closing Date
About Tiderock Companies, Inc.: Tiderock Companies is a diversified investment and advisory services company, specializing on real estate, land development, infrastructure, and private equity. With over 20 years of real estate experience, the Company specializes in land development, mixed-use real estate development, project management and public-private partnerships. Tiderock Companies, Inc. (OTC Pink:TDRK) is headquartered in Boston, MA., and can be contacted at or by phone at (800) 791-8433.BOSTON, MA / ACCESSWIRE / April 2, 2024 / Tiderock Companies, Inc. ("we", "our", or the "Company"), (OTC Pink:TDRK) announced today both parties have executed a binding letter of intent and have mutually agreed to extend the closing date of the proposed merger to April 30, 2024.
马萨诸塞州波士顿/ACCESSWIRE/2024年4月2日/Tiderock Companies, Inc.（“我们” 或 “公司”）（场外交易链接：TDRK）今天宣布，双方已签署一份具有约束力的意向书，并共同同意将拟议合并的截止日期延长至2024年4月30日。
During due diligence, it was determined that based on the current growth opportunities at MTAG along with the strategic nature of its services, it would be imperative for Tiderock to also acquire the Real Estate along with all the operating business. MTAG Composites is located on 4.5 acres encompassing five (5) building providing over 61,000 sq ft of manufacturing space. With the existing sales pipeline, it will become imperative additional buildings on the property will need to be constructed supporting its short-term growth.
在尽职调查中，确定根据MTAG当前的增长机会及其服务的战略性质，Tiderock还必须收购房地产以及所有运营业务。MTAG Composites占地4.5英亩，包括五（5）栋建筑，提供超过61,000平方英尺的制造空间。鉴于现有的销售渠道，必须在该物业上建造更多建筑物，以支持其短期增长。
Both parties have agreed to work towards an April 30, 2024 closing date, but have incorporated an additional 30-day extension to support the real estate transfer, if needed.
双方已同意努力争取2024年4月30日的截止日期，但如果需要，还延长了30天以支持房地产转让。
About Tiderock Companies, Inc.: Tiderock Companies is a diversified investment and advisory services company, specializing on real estate, land development, infrastructure, and private equity. With over 20 years of real estate experience, the Company specializes in land development, mixed-use real estate development, project management and public-private partnerships. Tiderock Companies, Inc. (OTC Pink:TDRK) is headquartered in Boston, MA., and can be contacted at or by phone at (800) 791-8433.
关于 Tiderock Companies, Inc.： Tiderock Companies是一家多元化的投资和咨询服务公司，专门从事房地产、土地开发、基础设施和私募股权投资。该公司拥有超过20年的房地产经验，专门从事土地开发、混合用途房地产开发、项目管理和公私合作伙伴关系。Tiderock Companies, Inc.（场外交易代码：TDRK）总部位于马萨诸塞州波士顿，可以通过拨打或致电（800）791-8433与之联系。
About MTAG Composites, LTD.: Established in 2008, MTAG Composites specializes in the manufacture of high quality Phenolic, Epoxy and Polyester Glass Fiber and Carbon Fiber reinforced plastic moldings with a diverse product mix for customers within the aerospace, automotive, marine, rail and construction industries. MTAG manufacturing facilities consist of over 61,000 sq ft based at Coningsby, Lincolnshire UK and employ over 120 employees.
关于 MTAG 复合材料有限公司: MTAG Composites 成立于 2008 年，专门为航空航天、汽车、船舶、铁路和建筑行业的客户生产高质量酚醛、环氧树脂和聚酯玻璃纤维和碳纤维增强塑料模制品，产品组合多样。MTAG制造设施占地超过61,000平方英尺，位于英国林肯郡的科宁斯比，雇用了120多名员工。
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate.
本新闻稿中关于前瞻性陈述的通知不纯属历史陈述，均为前瞻性陈述，包括有关未来信念、计划、预期或意图的任何陈述。由于多种因素，实际结果可能与任何前瞻性陈述中的预测有所不同。这些前瞻性陈述是截至本新闻稿发布之日作出的，我们认为没有义务更新前瞻性陈述，也没有义务更新实际业绩可能与前瞻性陈述中预测的结果不同的原因。尽管我们认为本新闻稿中包含的任何信念、计划、期望和意图都是合理的，但无法保证任何此类信念、计划、期望或意图将被证明是准确的。
For more information:
Tiderock Companies, Inc.
53 State Street, Suite 500
Boston, MA 02109
欲了解更多信息：
Tiderock Companies, Inc.
州街 53 号，500 号套房
马萨诸塞州波士顿 2109
Thomas B. Fore, CEO
Email: info@tiderockcompanies.com
Phone: (800) 791-8433
首席执行官托马斯·福尔
电子邮件：info@tiderockcompanies.com
电话:(800) 791-8433
SOURCE: Tiderock Companies, Inc.
来源：Tiderock Companies, Inc.
