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.
馬薩諸塞州波士頓/ACCESSWIRE/2024年4月2日/Tiderock Companies, Inc.（“我們” 或 “公司”）（場外交易鏈接：TDRK）今天宣佈，雙方已簽署一份具有約束力的意向書，並共同同意將擬議合併的截止日期延長至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.
在盡職調查中，確定根據MTAG當前的增長機會及其服務的戰略性質，Tiderock還必須收購房地產以及所有運營業務。MTAG Composites佔地4.5英畝，包括五（5）棟建築，提供超過61,000平方英尺的製造空間。鑑於現有的銷售渠道，必須在該物業上建造更多建築物，以支持其短期增長。
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.
雙方已同意努力爭取2024年4月30日的截止日期，但如果需要，還延長了30天以支持房地產轉讓。
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.
關於 Tiderock Companies, Inc.： Tiderock Companies是一家多元化的投資和諮詢服務公司，專門從事房地產、土地開發、基礎設施和私募股權投資。該公司擁有超過20年的房地產經驗，專門從事土地開發、混合用途房地產開發、項目管理和公私合作伙伴關係。Tiderock Companies, Inc.（場外交易代碼：TDRK）總部位於馬薩諸塞州波士頓，可以通過撥打或致電（800）791-8433與之聯繫。
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.
關於 MTAG 複合材料有限公司: MTAG Composites 成立於 2008 年，專門爲航空航天、汽車、船舶、鐵路和建築行業的客戶生產高質量酚醛、環氧樹脂和聚酯玻璃纖維和碳纖維增強塑料模製品，產品組合多樣。MTAG製造設施佔地超過61,000平方英尺，位於英國林肯郡的科寧斯比，僱用了120多名員工。
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.
本新聞稿中關於前瞻性陳述的通知不純屬歷史陳述，均爲前瞻性陳述，包括有關未來信念、計劃、預期或意圖的任何陳述。由於多種因素，實際結果可能與任何前瞻性陳述中的預測有所不同。這些前瞻性陳述是截至本新聞稿發佈之日作出的，我們認爲沒有義務更新前瞻性陳述，也沒有義務更新實際業績可能與前瞻性陳述中預測的結果不同的原因。儘管我們認爲本新聞稿中包含的任何信念、計劃、期望和意圖都是合理的，但無法保證任何此類信念、計劃、期望或意圖將被證明是準確的。
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 號，500 號套房
馬薩諸塞州波士頓 2109
Thomas B. Fore, CEO
Email: info@tiderockcompanies.com
Phone: (800) 791-8433
首席執行官托馬斯·福爾
電子郵件：info@tiderockcompanies.com
電話:(800) 791-8433
SOURCE: Tiderock Companies, Inc.
來源：Tiderock Companies, Inc.
