High Velocity Enterprises, Inc. (HVEL: OTC Pink Current) | HIGH VELOCITY ENTERPRISES TO BE ACQUIRED BY A TECHNOLOGY COMPANY

OTC

HIGH VELOCITY ENTERPRISES TO BE ACQUIRED BY A TECHNOLOGY COMPANY

Dec 19, 2014

OTC Disclosure News Service

Freehold, NY

– FOR IMMEDIATE RELEASE

Contact: Investor Relations
Phone:  (732) 786-8044
Email:  info@highvelocitycorp.com


HIGH VELOCITY ENTERPRISES TO BE ACQUIRED BY A TECHNOLOGY COMPANY

Freehold, NJ – December 19, 2014 – HIGH VELOCITY ENTERPRISES, INC. (PINK: HVEL) has entered into an agreement where as it would be acquired by a Silicon Valley based technology company with numerous operational subsidiaries.   A  Letter of Intent has been executed and the acquisition is expected to close within the next 30 days.

Commented President Bruce Schoengood, “I am extremely pleased to be in a position to bring the shareholders a company with major assets that will enhance the value of High Velocity and present a great opportunity for explosive growth. I appreciate the patience of the shareholders and would like to express my thanks and appreciation for their support.”

Due to the nature of the deal and terms of the agreement we cannot disclose the name of the company. Immediately after the deal is complete, the terms and details will be announced.

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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 from new products in development are forward-looking statements, and may involve risks and uncertainties, some of which are beyond our control.  Such risks and uncertainties are described in greater detail in our filings with the U.S. Securities and Exchange Commission.  Since the information in this press release 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.  We make no commitment to disclose any subsequent revisions to forward-looking statements.

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