takeover industries inc stock takeover industries inc stock

On behalf of the Takeover Industries Inc. team we appreciate the opportunity to work with Mr. Schadel, in continuing the strong relationship with it's shareholders and to bring forth immediate new opportunities in the functional beverage industry," said Pavlik. The distinct regulatory path can take a long time and suddenly "out of nowhere" block a deal. But here, TO needs to raise capital and I believe will absolutely need to dilute. Its been touted for its ability to improve cellular energy, support the aging process, and improve muscle recovery after a workout. ATLANTA, April 16, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (the "Company"), announced that its recently acquired subsidiary, Takeover Industries Inc., has officially assembled its National Sales Dream Team.Takeover's new National Sales team consists of three accomplished industry veterans with the extensive knowledge, relationships and experience to manage . ATLANTA, March 01, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. ( LTNC) (the "Company"), a leader in providing on-demand blue collar staffing primarily in the southeastern United States and. Takeover Industries Incorporated: Defendant: Michael Holley, Chirine Holley, David Eisenberg and Unknown Eisenberg: Case Number: . We also use them to share usage information with our partners. This deal isn't out of the woods yet. Tootsie Roll Industries, Inc., together with its subsidiaries, engages in manufacture and sale of . Through this Joint Venture, Labor Smart, Inc., via its wholly owned subsidiary, Takeover Industries Inc., will secure a minority equity stake in Faith Springs LLC, and be granted the exclusive rights to market, sell and promote all hydrogen water products Powered by H2forLife technology via a two-year contract. That's clear from the longer time graph, when looking at the recovery in the utility exchange-traded fund ("ETF") since the deal date, but also because of valuations for a peer group. Over the last three decades, the Takeover Team has played a significant role in the growth and expansion of performance sports drinks and beverages throughout the entire beverage industry. ATLANTA, April 28, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (LTNC) (the "Company"), announced that its recently acquired subsidiary, Takeover Industries Inc., has officially signed an . Service of the Summons and Complaint were executed upon Jane "Chirene" Doe in compliance with Federal Rules of Civil Procedure by substituted service at home address and by also mailing a copy.Original . Members of Special Situation Report get exclusive access to our model portfolio. Safe Harbor Statement Please go to the link in the email message to retrieve your password. This was an easy decision as the proceeds will support more areas of our functional beverage brand development. Shareholders and interested parties are encouraged to follow @TakeoverJoe on Twitter for all future Company updates, which will include material information about the Company. However, I quickly discovered why the spread is on the juicy side. If this is truly a long term play for Takeover Industries, why not have someone who can create graphics or an actual digital media/internet marketing expert who can run the website? Hopefully you enjoy the video! The takeover proposal comes after Boustead posted a net loss of 402.3 million ringgit ($89.9 million) for the fourth quarter of 2022, swinging from a net profit of MYR78.6 million a year ago. DUBLIN, March 01, 2023--In accordance with Rule 2.12 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2022 (the "Irish Takeover Rules"), Horizon confirms that, as of the close of business on . These statements appear in a number of places in this press release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; and (iii) growth strategy and operating strategy. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. The board discussed the challenges associated with utility acquisitions several times during negotiations. Cookies are used to offer you a better browsing experience and to analyze our traffic. CUMMING, GA / ACCESSWIRE / November 14, 2022 / Metavesco, Inc. (OTC PINK:MVCO) (the "Company"), a leading publicly-traded Web3 enterprise, today disclosed it sent the below open letter to the Board of Directors of Labor Smart, Inc. and a Non-Binding Letter of Intent to acquire Takeover Industries, a wholly owned subsidiary of Labor Smart, Inc.The letter of intent contained a non-binding offer . Metavesco assumes that debt. On the other hand, if the market anticipates that the offer will be rejected, the share price will . This will not change the Companys ticker symbol LTNC or the Companys name. is on the juicy side. Manny Pacquiao said, NXT LVL Hydrogen Spring Water is my secret weapon for fast recovery & natural increased energy during training.. Elon Musk wants to build the next ChatGPT. Rumor of a potential buyout from a big-pocketed strategic investor was inflating the share price of video game company Take-Two Interactive Software ( TTWO 6.05%) on Thursday. Lucid Group Inc.'s stock on Thursday was on track to mark its biggest drop in more than a year, after quarterly results that did little to allay ongoing concerns about the electric-vehicle maker. !Webull Referral: https://act.webull.com/n/pgdglbN3EIff/qxa/If your interested in opening a brokerage account click on the link above and start trading!DISCLOSURE: Some of the links that are connected to this page are affiliate links, which means, this is no additional cost to you. The valuation for SJI doesn't look particularly rich even when it's trading with most of its merger premium included. More importantly, it is a utility. It is what it is. Cave Creek , AZ 85331. As previously stated, we expect to have our first product available for purchase before Easter.. United States. They can take longer than expected and get derailed after you've been holding for quite a while. Labor Smart, Inc is vulnerable to a hostile takeover that benefits no one, and I'm not talking about from Toby, Mike, et. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Labor SMART, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. I have no business relationship with any company whose stock is mentioned in this article. The Company is now focused on its subsidiary, Takeover Industries Inc. and rapidly expanding the NXT LVL Line of functional beverage products." Utilities are kind of notorious for regulatory intervention. Joe Pavlik, LTNC CEO & Takeover Industries President and Chief Science Officer, said, "After review, our executive team has determined that the Trademark does not fit into the long-term plan. Time is of the essence. Phone. Simply Wall St. May-02-19 02:41PM. In the winter of 1978, Houdaille common stock was selling for. He did not provide any more detail. Winsight is a leading B2B information services company focused on the food and beverage industry, providing insight and market intelligence to business leaders in every channel consumers buy food and beverage convenience stores, grocery retailing, restaurants and noncommercial foodservice through media, events, data products, advisory services, and trade shows. The company sup. Labor SMART was founded to provide reliable, dependable and flexible resources for on-demand personnel to small and large businesses in areas that include construction, manufacturing, hospitality, event-staffing, restoration, warehousing, retailing, disaster relief and cleanup, demolition and landscaping. I understand that's an awful lot of speculation but I'm confident in my assessment here. Taste Radio: Mr. Can't expand too much on that but you know where I'm going here, I think. Given my hypothesis in #1, current shareholders are going to be really dependent on a future with LTNC trading and engaged in a growing industry. I'm confident Jason Tucker wishes to repair LTNC post spin out. If you have an ad-blocker enabled you may be blocked from proceeding. AT&T's WarnerMedia unit and Discovery Inc said on Friday that the two firms have completed the merger. Over the last three decades, the Takeover team has played a significant role in the growth and expansion of performance sports drinks and beverages throughout the entire beverage industry. Pursuant to the Agreement, the Seller became a wholly owned subsidiary of the Company. Check it out here. Not So Sweet News For Some Brands? Copyright 2023 Surperformance. Industry: Catalog and mail-order houses , Beverages, except coffee and tea Printer Friendly View Address: 29455 N Cave Creek Rd Ste 118525 Cave Creek, AZ, 85331-3245 United States Phone: Website: www.takeoverind.com Employees (all sites): Actual Revenue: Modelled Year Started: ESG ranking: ESG industry average: What is D&B's ESG Ranking? Research suggests that boards of directors perform better if The company recently reported the process is on track and expected to close Q4 2022. The company has a merger agreement with IFF -. Amy Marcen-Gaudaur, Sherri M. Altshuler, Melanie Cole, Adria Leung Lim, Sean Green and Barbara Worndl. This release contains statements that constitute 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. Invest better with The Motley Fool. Boxing champion Manny Pacquiao is regarded as one of the greatest professional boxers of all-time and is the only boxer in history to win titles in eight different weight classes. My roots are in the value school but over time I've learned to respect different approaches. I believe this is in LTNC shareholders best interest and hope you accept the LOI on or before November 16, 2022, at 4pm New York time. A more recent docket listing may be available from PACER . Current LTNC shareholders maintain their equity ownership on a 1:1 basis, regardless of whatever scorched earth tactic may need to be taken to get us home. LOS ANGELES -- Northrop Grumman Corporation (NYSE: NOC) and Litton Industries Inc. (NYSE: LIT) jointly announced today that they have signed a definitive agreement under which Northrop Grumman will acquire for cash all of the outstanding shares of Litton for $80 per common share and $35 per Series B Preferred share. https://twitter.com/StanTradingMan/status/1366183816126214149 . Follow me on Twitter here. However, a few things are mitigating my concerns about this deal. Disclosure: I/we have a beneficial long position in the shares of SJI either through stock ownership, options, or other derivatives. By providing your email address below, you are providing consent to South Jersey Industries Inc. to send you the requested Investor Email Alert updates. The most exclusive conference for convenience executives, Empowering and developing women in the c-store industry, Assumption of Risk and Waiver of Liability. I admit, its rather lengthy for an LOI, but given the ongoing legal issues at Takeover, this LOI required more legal jargon than I prefer. He has already started recruiting industry experts to help. Whoever owns the Series A Preferred Shares (I lost track) will sell them to James Gissona for $1 each and everyone that is a board member or officer of Labor Smart, Inc. subsequently resigns and JG becomes the CEO and Chairman. You can sign up for additional alert options at any time. In this section you will find information about our current and historical share price, analyst coverage, SEC filings, an electronic version of our annual report as well as forms to request additional information. #15 Exhibit J - Text Directing Holley Not to Give Tucker Access to Bank Accounts, #16 Exhibit K - Stock Purchase Agreement, #17 Exhibit L - SEC Form 8K, #18 Exhibit M - LTNC's SEC Form 8K, #19 Exhibit N - LTNC . The water..is it dead? These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Labor SMART, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. Metavesco is a publicly traded web 3 enterprise. A group of private equity firms, including Blackstone Group, Carlyle Group and Hellman & Friedman, agreed to buy a majority stake in medical supply manufacturer and distributor Medline. For more information,. I highly recommend it (pick episodes around topics that interest you) for the amazing guests that come on with regularity. The detail page will show you the real-time trend, you can click into the MSN Money website for more details Rumor of a potential buyout from a big-pocketed strategic investor was inflating the share price of video game company Take-Two Interactive Software (TTWO 1.23%) on Thursday. The board of directors of CyberScope, Inc., is designing a stock option plan for its CEO that will motivate the CEO to increase the market value of the firm. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. According to some resources, adding hydrogen gas to the water increases its health, wellness and antioxidant properties. Takeover Industries, home of NXT LVL @TakeoverInd Takeover Industries Inc | Official Home of NXT LVL Hydrogen Rich Water & Innovative Fitness Technology Performance Beverages #NXTLVL#NXTLVLNation#TeamNXTLVLUp Nevada nxtlvlusa.com/collections/dr Joined February 2021 Tweets 2022 Twitter About Help Center Terms Privacy policy Cookies At South Jersey Industries Inc. , we promise to treat your data with respect and will not share your information with any third party. At the end of its most recently reported quarter, it had the equivalent of nearly $12 billion in cash and short-term investments and, surely, the ability to secure much more through various types of financing. I am not receiving compensation for it (other than from Seeking Alpha). -, Labor Smart, Inc. : Change in Directors or Principal Officers (form 8-K), Labor Smart, Inc. Appoints Michael Costello as Chief Executive Officer, Labor Smart, Inc. Since the announcement date, the utility index is up about 10.6%: But SJI is still trading around ~$34 per share. In . The average Takeover Industries, stock forecast 2027 represents a -70.82% decrease from the last price of $0.00219999998807907. More information about the potential factors that could affect the business and financial results is and will be included in Labor SMART, Inc.'s filings with OTC Markets.com. We put together employment agreements and add on equity compensation for milestones. The words "may", "would", "will", "expect", "estimate", "can", "believe", "potential", and similar expressions and variations thereof are intended to identify forward-looking statements. Learn about the foreign exchange markets of yesteryear and today in this article exploring the past, present, and future of FX trading. In 2018 I founded Starshot Capital B.V. A Dutch AIF manager. Takeover Industries has just passed its 100-day mark. Takeover Industries shall issue 6.8 billion RESTRICTED shares of common stock to the shareholders of Labor Smart. Shareholders of Labor Smart will want to know what's included in this LOI. NXT LVL Hydrogen Water is Powered by H2forLife Technology which ensures a hydrogen water with the highest potency of active hydrogen to unlock the body's potential. The Motley Fool has positions in and recommends Activision Blizzard, Microsoft, and Take-Two Interactive Software. Also, in the announcement, it was disclosed that Mr. Joe Pavlik would be appointed as the new President and CEO of Labor Smart, Inc. Mr. Pavlik comes to the Company with over 20 years' experience as an executive, with extensive experience in all areas of the health, fitness and the performance nutrition industry. Twitter FURUs continuously say that this stock will be worth $1-$5 long-term. The Company believes his experience will be instrumental in transformation for the future. Takeover Industries has just passed its 100-day mark. Everyone calls their lawyer and stops all actions against each other. By providing my email, I consent to receiving investment related electronic messages from Stockhouse. Utility deals tend to be treacherous affairs. I believe this opportunity is being hamstrung by internal issues. Copyright 2023 ACCESSWIRE. You've already built some distribution and supply chain capabilities. 29455 N Cave Creek Rd. The Company's mission is to be the provider of choice to its growing portfolio of customers with a service-focused approach that enables Labor SMART to be seen as a resource and partner to its clients. November 13, 2022. Dec 28, 2021. I pulled up Seeking Alpha's valuations for a set of peers: small-cap utility peer group valuations (Seeking Alpha). ATLANTA, GA - GlobeNewsire -March 1, 2021 / Labor SMART, Inc. (LTNC) (the "Company"), a leader in providing on-demand blue collar staffing primarily in the southeastern United States and transitioning into a diversified holding company, has completed the acquisition of Takeover . 3 High-Growth Stocks That Are Just Getting Started, 3 Stocks at 52-Week Highs Still Worth Buying, 3 Stocks That Could Soar More Than Priceline, 2 Reasons to Avoid a Roth 401(k) for Your Retirement Savings, Want $1 Million in Retirement? InBev offered to buy Anheuser-Busch for $65 . For Takeover Industries, stock forecast for 2027 (5 year), 12 predictions are offered for each month of 2027 with average Takeover Industries, stock forecast of $0.0, a high forecast of $0.0, and a low forecast of $0.0. Consequently, the board is setting the option strike price substantially higher than the current stock price. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, 2 Safe Stocks to Buy Hand Over Fist in 2023, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. LTNC peaked at $0.08 at the end of March but since then has crashed over 80%, leaving disgruntled shareholders sitting on huge losses. In the tweet, Rythian claimed to "have it on extremely good word that if Microsoft acquires Activision Blizzard, Sony is going after Take-Two Interactive to counter it.". STE 118 52 Cave Creek , AZ 85331United States. Thanks for all of your support! The spread is a juicy 5.5% (roughly $2 per share) and it could potentially close before yearend. But this may not be . CUMMING, GA / ACCESSWIRE / November 14, 2022 / Metavesco, Inc. (OTC PINK:MVCO) (the "Company"), a leading publicly-traded Web3 enterprise, today disclosed it sent the below open letter to the Board of Directors of Labor Smart, Inc. and a Non-Binding Letter of Intent to acquire Takeover Industries, a wholly owned subsidiary of Labor Smart, Inc. As Chairman James Gissona will immediately being the process to put LTNC into receivership or custodianship with the following post deal goals: Mr. Gissona knows what needs to be done to get these checked off. If I take in all the above, I'm inclined to believe the market may somewhat overestimate the risk of a deal break. No company that is worth $10+ billion acts in this way. --Labor SMART, Inc., announced that its recently acquired subsidiary, Takeover Industries Inc., has officially signed an endorsement deal with Manny Pacquiao and The Manny Pacquiao Foundation.. Tootsie Roll Industries (NYSE:TR) Shareholders Have Enjoyed A 57% Share Price Gain. The spread of around ~5.5% stood out to me among pending deals. Musk's new AI project could have the same effect as his Twitter takeover. ATLANTA, March 01, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. ( LTNC) (the "Company"), a leader in providing on-demand blue collar staffing primarily in the southeastern United States and. The live announcement can be replayed here: https://twitter.com/CRyanSchadel/status/1366149809397248002 . CF Industries Holdings, Inc. is an American manufacturer and distributor of agricultural fertilizers, including ammonia, urea, and ammonium nitrate products, based in Deerfield, Illinois, a suburb of Chicago. Feb. 28 - March 2, 2023 JW Marriott Bonnet Creek, Orlando, FL. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Labor SMART, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The resultant company, Warner Bros. I'm unsure what the strategy will be. The One With The Umlaut, Harpoon Launches Limited Edition Sticky Bun Stout with Flour Bakery + Caf, Tennessee Brew Works & Turner Hus Brewery Collaborate, Migration to Release Salty Mule Gose for 8th Annual SheBrew Festival. The ONLY event dedicated to convenience category managers. I gravitate towards special-situations. The Motley Fool has a disclosure policy. ATLANTA, May 12, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. (LTNC) (the "Company"), announced that its recently acquired subsidiary, Takeover Industries Inc., has entered into a Joint Venture. I'll adhere to etiquette and not make the LOI itself public, but I will publish this open letter as sort of a TL:DR. Labor Smart, Inc. : Entry into a Material Definitive Agreement, Regulation FD Disclosure, .. Labor Smart : NXT LVL Hydrogen Water, Hy-Vee Enter Distribution Deal, NXT LVL Hydrogen Water, Hy-Vee Enter Distribution Deal, Labor Smart : Purchase and Sale Agreement (Form 8-K). On July 22, 2021 CSP named NXT LVL Hydrogen Spring Water as a finalist for Best New Product of the Year. LTNC has a large block of MVCO stock on its balance sheet that is benefiting from the growth of Takeover. Labor SMART, Inc. Apparently, a big name in tech and entertainment is considering making a play for Take-Two. Takeover Industries shall issue 6.8 billion RESTRICTED shares of common stock to the shareholders of Labor Smart. Significant cross-selling opportunities have been identified with Specialty Polymers, both in aerospace and automotive, as well as with Novecare in oil & gas, agrochemicals and electronics. Normally, when a company takeover is announced, the share price of the target company rises to around the level of the offer price. | Source: This will equate to a reverse split of everyone's equity position. The Labor Smart by-laws will require a shareholder vote to do this deal and the magic Series A Preferred Shares won't be enough per the by-laws and I will not vote any of my personal shares in said vote. ATLANTA, March 01, 2021 (GLOBE NEWSWIRE) -- Labor SMART, Inc. ( LTNC) (the "Company"), a leader in providing on-demand blue collar staffing primarily in the southeastern United States and. Learn More. The investor pages that follow are your resource for financial information about South Jersey Industries. We will launch two new product lines. Normally that might not matter. As a result, its stock zoomed more than 6% higher on the day, trouncing the less than 0.8% gain of the bellwether S&P 500 index. The company uses a proprietary process to manufacture and enhance the in vitro efficacy of its products and is continuing to explore therapeutic areas where lowering oxidative stress can prove beneficial. Toby, Joe, Mike keep 100 million common shares and send anything over that amount to the LTNC treasury for cancellation. IIF didn't just talk but also walked the walk as it agreed to a $255 million termination fee. My broker isn't exactly generous in providing margin to hold this stock. The executive management team has over 100 years of research, manufacturing, sales, marketing, operations, design, and production experience in the beverage industry. Investor Insight Here, POET Technologies: Making the Internet Faster, Pelangio Announces Commencement for their 1,000 meter Diamond Drilling Project, Next level energy: Three Sixty Solar (NEO:VSOL) reports on tower benefits & durability, Adastra Holdings (CSE:XTRX) receives Health Canada approval to produce cocaine, Indigo (TSX:IDG) responds with 'we're not going to take it,' after ransomware attack. That's like 3.5%+ on an annualized basis. TDs (TSX:TD) $13.4 billion First Horizon acquisition delayed again? It was founded in 1946 as the Central Farmers Fertilizer Company. A hot rumor was behind the significant upward move. In the announcement, Ryan Schadel, outgoing President and CEO of Labor Smart, Inc. announced he was canceling and retiring 500 million shares of Labor Smart, Inc. common stock that was removed from the tradeable float. This video is going to be about Labor Smart, Inc (LTNC) \"They provide temporary blue-collar staffing services primarily in the United States. The distinct regulatory path can take a long time and suddenly "out of nowhere" block a deal. The post cites as a source a tweet published on Monday by a self-described "gaming industry analyst" with the Twitter handle of Rythian. Making the world smarter, happier, and richer. The company has a merger agreement with IFF - Infrastructure Investments Fund to be taken private at $36 per share. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Labor SMART, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. Jun-11-19 09:23AM. April 16, 2021 - 8:25 am. The entire sales and fulfillment team stays on. Takeover Industries, Inc agreed to acquire Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction for approximately $240 million on February 28, 2021. While the idea of a Sony takeover of Take-Two is certainly enticing for shareholders and intriguing for everyone else, at this point, it's only the thinnest of rumors. Kulicke & Soffa Industries, Inc. (K&S) is the world's largest manufacturer and supplier of semiconductor assembly equipment. June 07, 2021 08:40 ET Takeover Industries, Inc agreed to acquire Labor Smart, Inc. (OTCPK : LTNC) in a reverse merger transaction for approximately $240 million on February 28, 2021. I believe building Takeover Industries as a wholly owned subsidiary of Metavesco will be a huge benefit to MVCO shareholders and to the NXT LVL brand. The company supplies general laborers on demand to the light industries, including manufacturing, logistics, and warehousing; and skilled trades' people and general laborers to commercial construction industries. Do not sell my personal infoPrivacy PolicyAssumption of Risk and Waiver of LiabilityContact Us, The ONLY Conference Dedicated to Convenience Category Managers. Takeover Industries Inc. I could earn a commission if you click through and make a purchase or subscribe.I am not a financial advisor. A Euronext spokeswoman declined to comment . Takeover Industries, Inc. launched its NXT LVL brand in 2021 with high-profile endorsements that have grown to include boxing legend Manny Pacquiao, UFC champion and Professional Fighter's League. It serves customers primarily engaged in construction, freight handling, landscaping, warehousing, janitorial, disaster response, light manufacturing, retail, or wholesale operations. I am not receiving compensation for it (other than from Seeking Alpha). We need to drive revenue in a big way. Beast & Ed Sheeran Are In The Mix. CUMMING, GA / ACCESSWIRE / November 14, 2022 / Metavesco, Inc. (OTC PINK:MVCO) (the "Company"), a leading publicly-traded Web3 enterprise, today disclosed it sent the below open letter to the Board of Directors of Labor Smart, Inc. and a Non-Binding Letter of Intent to acquire Takeover Industries, a wholly owned subsidiary of Labor Smart, Inc.The letter of intent contained a non-binding offer .