LAS VEGAS, Jan. 31 /CNW/ - Neuroscience Therapy Corp. (OTC: NPYC)
announced that they have signed a Letter of Intent with Nashville Records,
The purpose of the Letter of Intent is to set forth certain non-binding
understandings and certain binding commitments between Neuroscience Therapy
Corp., Nashville Records, Inc., a Tennessee corporation and the owners of 100%
of the capital stock of Nashville Records, Inc., with respect to a proposed
transaction in which Neuroscience, or its successor, will purchase all of the
capital stock of Nashville.
The terms of the acquisition will be more particularly set forth in a
Share Purchase Agreement and one or more other definitive agreements to be
mutually agreed upon by the parties. The Letter outlines the proposed
transaction based on each party's present understanding of the current
condition of the assets and business operations of Nashville and that the
Shareholders collectively own 100% of the outstanding shares of capital stock
The parties will negotiate the terms and begin preparation of the
Definitive Agreements that will govern the Acquirer's proposed acquisition of
the capital stock.
Legal Notice Regarding Forward Looking Statements
The statements in this press release that relate to the Company's
expectations with regard to the future impact on the Company's results are
forward-looking statements, within the meaning of the Private Securities
Litigation Reform Act of 1995. The statements in this document may also
contain "forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
Since this information may contain statements that involve risk and
uncertainties and are subject to change at any time, the Company's actual
results may differ materially from expected results.
For further information:
For further information: Neuroscience Therapy Corporation, Raymond