SNTX Suntex Enterprises Inc (PK)

SunX Energy, Inc. Announces Pending Acquisition In The Marijuana Industry
 

Las Vegas, NV -- March 31, 2016 -- InvestorsHub NewsWire -- SunX Energy, Inc. (OTC PINK: SNXG) announced today through its CEO Bill Schaefer that the company will be executing an acquisition in the marijuana industry and will close on the transaction within the next 90 to 120 days.
CEO Bill Schaefer stated, “While previous announced negotiations continue, it is my pleasure to announce that as of today, SunX Energy will also be moving headlong into the marijuana industry and we could not be more pleased.  We were approached by a group that has a business model that is both exciting and unique and one that our shareholders will find to be of substance.”
SunX Energy, Inc. previously announced its intention to acquire precious metal mining company, Far East Ventures.  That transaction is still in negotiations.
Mr. Schaefer went on to say, “We feel strongly that this pending acquisition will benefit the company and shareholders alike.  During the “negotiation through closing phases”, we will keep shareholders informed through a “series” of upcoming press releases.  Thank you for your continued support of our company.”

About SunX Energy, Inc.:  The company is currently in negotiations to acquire the precious metal mining and production operations of Far East Ventures, a South East Asia company with an investment platform comprising Indonesia and the Philippines.  The company has also announced a pending acquisition in the marijuana industry that will close this year, 2016.
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth and business strategy. Words such as “expects,” “will,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company’s business; general economic, industry and market sector conditions; the ability to generate increased revenues; the ability to obtain additional financing; the ability to manage the Company's growth; the ability to develop and market new technologies to respond to rapid technological changes; competitive factors in the market(s) in which the Company operates; and other events, factors and risks disclosed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. 
                                                                                                                                                               
For additional information, please contact:                                                                                             

            Bill Schaefer, CEO/President: 562-453-7643
 
 
 

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