Boston, Massachusetts--(Newsfile Corp. - April 19, 2021) - Human Unitec International, Inc., (OTC Pink: HMNU), a sustainable energy, medical and wellness corporation, provides a Corporate Update to announce the completion of two final agreements for the sale of assets. The Company, in light of the continuing challenges with regards to the COVID-19 Pandemic, is focusing on rebranding the business activities.
The President, Fabrizio Bosticco, announces that Tomdano SRO, an international commodities Company based in Prague, Czech Republic, finalized the asset purchase agreement to acquire from Human Unitec International, Inc. the following assets: Ecosmart Benefit, SRL, Arquata Logistics, SRL, and intellectual property including but not limited to the agreements with Palladium Investments, SA for the Grone Technology for Ten Million USD, ($10,000,000). Tomdano AS will pay the Ten Million USD, ($10,000,000), based on a Promissory Note payable over a period of three years with a Four Percent (4%) interest payment.
Additionally, NSP Praha AS, an international asset based Holding Company in Prague, Czech Republic, finalized the asset purchase agreement including but not limited to the agreements with to acquire from Human Unitec International, Inc. the following assets: Life Science, SRL distribution agreements with Human Unitec International, Inc. and 90% of Publidant Investments SRL , former Ferdi Cars SRL, Milan, Italy. NSP Praha AS will pay Seven Million Five Hundred Thousand USD, ($7,500,000), based on a Promissory Note payable over a period of three years with a Four Percent (4%) interest payment.
The Board of Directors have approved these two agreements and mandated the transfer of these assets and contracts under the terms from which they were originally acquired and based on the totality of its ownership by Human Unitec International, Inc.
The Company will be holding a board meeting over the next two weeks, subject to the restrictions in place for the continued government mandates for travel in the United States, Canada and Europe, for discussions on the best investment strategy and reorganization of the business. The Company will continue to seek revolutionary and forward-looking business strategy including but not limited to the concentration of the activities on the growing medical and wellness MSK Kinesis technology and Green Energy HMNU technology. The Company is also looking forward to relocating the activities in a new industrial and commercial Upstate New York own facility.
This document contains certain forward-looking statements with respect to the financial condition, results of operations and business of Human Unitec International Inc., (HMNU), a startup company, and certain of the plans and objectives of HMNU with respect to these items. Examples of forward-looking statements include statements made about our strategy, estimates of sales growth, future EBITA and future developments in our organic business. Forward-looking statements can be identified generally as those containing words such as "anticipates", "assumes", "believes", "estimates", "expects", "should", "will", "will likely result", "forecast", "outlook", "projects", "may" or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.
These factors include, but are not limited to, domestic and global economic and business conditions, the successful implementation of our strategy and our ability to realize the benefits of this strategy, our ability to develop and market new products, changes in legislation, legal claims, changes in exchange and interest rates, changes in tax rates, pension costs and actuarial assumptions, raw materials and employee costs, our ability to identify and complete successful acquisitions and to integrate those acquisitions into our business, our ability to successfully exit certain businesses or restructure our operations, the rate of technological changes, political, economic and other developments in countries where HMNU operates, industry consolidation and competition. As a result, HMNU actual future results may differ materially from the plans, goals and expectations set forth in such forward-looking statements.
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