HOUSTON, May 30, 2014 /PRNewswire/ -- Solanbridge
Group Inc (OTC: SLNX) is pleased to announce that on May 29, 2014, SLNX signed a Letter of Intent
(LOI) to merge with Shamrock Geoscience Pty Ltd., a South African
construction and engineering firm. The LOI stipulates that
the transaction will be an all-stock transaction where SLNX
receives a 25% position in Shamrock's U.S.-based corporation and
all of Shamrock's subsidiaries. The LOI further states that
all common stock shares issued will be restricted common stock
shares.
Charles R. Shirley, Managing
Director of Solanbridge, stated "We are pleased to be working with
Shamrock. We feel that there are many benefits to both
parties to this transaction. Shamrock has built roads and
buildings, and provided engineering services in several countries
throughout the world and has developed a great reputation. We
look forward to their entry into the North American market,
specifically the State of Texas. They will be able to provide
best of class construction and engineering services to the medical
marijuana market that SLNX is developing."
Shamrock has recently completed two road construction projects
in India for the Government of
Meghalaya. The two projects provided Shamrock with a little
over $5.7 million USD in gross
revenue for fiscal year 2013/2014 so far. Charles Van Houten, Director of Shamrock
Geoscience, stated "There is great growth in the Texas market in terms of new office buildings,
homes, and roads and Shamrock is looking forward to pursuing the
various opportunities available in the Texas economy." As a former 17 year resident
of Texas working in the Federal
Government arena, Mr. Van Houten
brings a wealth of knowledge in Proposal Development and Business
Development with organizations like KBR, DynCorp International,
Fluor and Federal Agencies like US Army, US Army Corp of Engineers,
and US Air Force. Internationally Mr. Van
Houten has worked for a large multi-billion dollar German
defense contracting company providing construction and civil
engineering proposals to support our troops in Germany, Iraq, and Afghanistan in addition to support for NAMSA,
Deutsche Bundeswehr, British Army, French Army and
government/regional sectors in Iraq.
The Solanbridge Group also announces the moving of our
restaurant operations from Melbourne
Beach to Melbourne. The
move will place us in a higher traffic location. Our restaurant was
recently awarded TripAdvisor's Certificate of Excellence 2014. Our
restaurant has won this award for three straight years.
About Solanbridge Group Inc
Solanbridge Group Inc is based in Spring, Texas and is a diversified holding
company looking to expand into the medical marijuana industry by
developing commercial grower's licenses in all Canadian medical
marijuana jurisdictions, with the partnership of First Nations and
developing CBD-infused products in Colorado and Nevada through its subsidiary Tasty Greenz
LLC. SLNX's other subsidiary, David's Steak and Seafood,
Melbourne Beach, Florida, is a
classic, upscale steak house, which presents polished dining in an
atmosphere of timeless elegance, offering guests the finest cuts of
choice USDA meats, and fresh seafood.
About Shamrock Geoscience Pty Ltd.
Shamrock Geoscience Pty Ltd. is an internationally established
and acclaimed Construction and Civil Engineering solutions provider
focusing on Building Design and Construction, Soil Stabilization
and Road Construction and Maintenance. Shamrock ensures through our
Quality Control System that all work from Shamrock and/or our
Subcontractors conforms to Western European and North American
Standards. Shamrock and its forerunner entities has been operating
in Africa since 2007, the Balkans
since 2005 and Western Europe
since 2001 in the areas of Building and Warehouse Construction,
Road Construction, Soil Stabilization and Industrial Waste
Solutions. Shamrock and its progenitors have serviced over 40
contracts to multiple private sector, government and national
military sector clients and employs a team of highly skilled and
certified Project Managers and Engineers.
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of the company.
SOURCE Solanbridge Group Inc