Exobox Technologies Corp. (trading symbol EXBX:OTC, the
“Company”) is pleased to announce that it has executed a Share
Exchange Agreement (the “Agreement”) with PDX Partners
Incorporated. (“PDX”) to acquire the controlling interest (the
“Interest”) in Cherubim Builders Group LLC. (“CBG”).
The Current operations, technologies, and patents of EXBX are
being spun out in a new company with a 1 for 1 share distribution,
this will leave the current shareholders with the same shares in
EXBX as well as their newly found shares in CBG.
The Company has been working on the financials to bring the
Company current in all past filings and expects to have this
finished approximately at the same time as the closing of the
Agreement.
Under the terms of the Agreement for the acquisition; The
Company will complete a reverse of 1 share for each 2,000 shares
currently owned, and will acquire the controlling Interest of CBG,
by issuing 40,000,000 post reversed Common shares of the company.
The transaction is expected to occur on or before February 28,
2014, unless mutually extended by both parties.
The transaction will be considered a Reverse Merger and
Reorganization for reporting purposes and will undertake a name
change to Victura Construction Group Inc.
CBG has three operating subsidiaries in the construction
industry: WaterMasters Restoration Inc., Metroplex Home Repair,
Inc. DBA Gregg Construction and Designer Lane, each with its own
business model. These companies can be found at
www.cherubimllc.com.
Gregg Construction Company
Gregg Construction Company (“Gregg”) specializes in Water, Fire
and Storm Restoration and Reconstruction services. Gregg has 41
years of servicing the residential restoration arena and insurance
industry, providing prompt, certified 24-hour emergency
services to the Dallas-Fort Worth and surrounding areas.
WaterMasters Restoration Inc.
WaterMasters Restoration, Inc. (“WaterMasters”) also specializes
in Water, Fire, and Storm restoration and reconstruction services,
with an emphasis on large loss occurrences. WaterMasters provides
incomparable large loss project management and execution that saves
the Insurance Carriers money in ALE (alternative living expenses)
and gets the Homeowners back into their home in a shorter time
span, creating value for both parties.
Designer Lane
Designer Lane was created as a material supply company to
service its sister companies Gregg and WaterMasters. Designer Lane,
delivers a one-stop kitchen, bathroom, and outdoor living space
design and renovation service, quickly and efficiently. Due to
Industry Relationships and Volume Purchasing, construction
material(s) used by builders, general contractors and multi-family
developers can also be acquired at a competitive pricing through
the Company.
About Exobox Technologies Corp.
Exobox Technologies Corp. develops information risk management
and security solutions that help organizations protect and recover
their most valuable information assets. It is committed to its
vision to create a more secure environment for the
information-centric community through the development of new
technologies and security service.
SAFE HARBOR
This press release contains forward-looking statements regarding
future events and our future results that are subject to the safe
harbors created under the Securities Act of 1933 (the "Securities
Act") and the Securities Exchange Act of 1934 (the "Exchange Act").
All statements other than statements of historical facts included
in this report regarding our financial position, business strategy,
plans and objectives of management for future operations, industry
conditions, and indebtedness covenant compliance are
forward-looking statements. When used in this report,
forward-looking statements are generally accompanied by terms or
phrases such as "estimate," "project," "predict," "believe,"
"expect," "anticipate," "target," "plan," "intend," "seek," "goal,"
"will," "should," "may" or other words and similar expressions that
convey the uncertainty of future events or outcomes. Items
contemplating or making assumptions about, actual or potential
future sales, market size, collaborations, and trends or operating
results also constitute such forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties, and important factors (many of which are beyond our
company's control) that could cause actual results to differ
materially from those set forth in the forward-looking statements,
including the following: oil and gas prices, general economic or
industry conditions, nationally and/or in the communities in which
our company conducts business, changes in the interest rate
environment, legislation or regulatory requirements, conditions of
the securities markets, our access to capital, changes in
accounting principles, policies or guidelines, financial or
political instability, acts of war or terrorism, and other
economic, competitive, governmental, regulatory and technical
factors affecting our company's operations, products, services and
prices.
We have based these forward-looking statements on our current
expectations and assumptions about future events. While our
management considers these expectations and assumptions to be
reasonable, they are inherently subject to significant business,
economic, competitive, regulatory and other risks, contingencies
and uncertainties, most of which are difficult to predict and many
of which are beyond our control.
Contact:
Exobox Technologies Corp.
Shaun Irvine, Chief Executive Officer
(949) 945-8069
shaunirvine@me.com
Exobox Technologies Corp.Shaun Irvine, 949-945-8069Chief
Executive Officershaunirvine@me.com
Exobox Technologies (CE) (USOTC:EXBX)
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