MAC1 Industries Corp. Merges With Tycoon Industries, LLC
26 Febrero 2009 - 4:42PM
PR Newswire (US)
Tycoon Telecom, LLC, a privately held company has merged with MAC1
Industries Corp., a solar and green lighting company. HOLLYWOOD,
Fla., Feb. 26 /PRNewswire-FirstCall/ -- Publicly traded MAC1
INDUSTRIES CORP. (Pink Sheets: MIRA) has merged with TYCOON
INDUSTRIES, LLC, formerly known as Tycoon Telecom. Tycoon
Industries' Managing Member, Mr. M. Benchimol and MAC1 Industries'
CEO, Sam Abecassis have signed a Securities Exchange Agreement
whereby all privately held membership units of Tycoon Industries,
LLC were tendered to MAC1 Industries Corp. in exchange for a
portion of Sam Abecassis' shares of common stock of MAC1 Industries
Corp. According to in-house counsel and director of business
development, Eddie Nurieli, Esq. the stock exchange of Mr.
Abecassis' shares were made as a strategic move for the benefit of
MAC1 and its shareholders to prevent dilution of the stocks. New
board members will be installed from both entities to solidify the
board of directors. According to Mr. Nurieli, in the forthcoming
weeks, MAC1 will file with FINRA an application for the issuance of
a new symbol and name change, and additional information will be
released and a new symbol will be issued, representing MAC1
Industries as the parent company of Tycoon Industries, LLC. "This
is a great day for both companies, our technology, know-how, and
intellectual properties that we are bringing to the table to MAC1
will greatly enhance the overall company value of MAC1 and directly
increase shareholder value. Most importantly, Tycoon Industries'
financial strength will boost MAC1's credit worthiness and
financial abilities," stated Mr. Benchimol upon the execution of
the merger documents. Tycoon Industries' D&B credit rating of
1A3 evidences strong sales for 2008 and 2009. Tycoon is projecting
$40 million sales for 2009 on mobile VoIP and trading of cellular
handsets. Mr. Benchimol went on to say that the merger will prove
to be beneficial largely due to the correlation between the two
companies. Both companies utilize, advocate, and distribute green
technologies. Tycoon Industries is involved in the following
technologies: -- Telecom - mobile/VoIP -- Pharmaceuticals --
Healthcare - Telemedicine -- Chemicals -- Solar nano-tech
technologies -- Telelaw -- Mobile advertising -- Freight &
Logistics Most notably Tycoon Industries is known as the company
that developed the international SIM card without roaming charges.
Tycoon Industries' disruptive technology enables cellular phone
users to travel globally and connect locally. Tycoon's SIM card is
a pre-paid Smart Card that offers travelers and business people GSM
service with simple low international roaming charges that saves
users up to 85% on all outgoing calls. More information on the
products can be found on the company's website
http://www.simcards4us.com/ . Other technologies that are in
Tycoon's pipeline involve amazing breakthroughs in science and
technology. Tycoon Industries, LLC became a subsidiary of MAC1
Industries Corp. and will remain operating independently to
continue with its business model, technologies and channels of
distribution. Tycoon will cooperate with MAC1 to cross distribute
MAC1's patented LED energy savings light bulbs and solar
technologies. As a result of the growing demand for LED lights by
commercial and consumers, MAC1 has added SIGNARAMA as an authorized
distributor of MAC1's energy saving LED light bulbs and fixtures.
LED lighting is a multi-billion dollar industry. MAC1 Industries
Corp. forecasts they can capture a large percentage of this
marketplace through future operations and the merger with Tycoon
Industries. DATASOURCE: MAC1 Industries Corp. CONTACT: Sam
Abecassis, +1-954-391-8311, or Investor Relations, Web Site:
http://www.simcards4us.com/
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