Sollensys Corp. (OTCBB:SOLS) announced today that it anticipates the completion of the acquisition of the South Korean touch screen panel manufacturer on February 15, 2013. This acquisition was entered into on September 30, 2012. The name of the South Korean company is Sollensys Corporation.
Sollensys Corp., formerly known as Health Directory, Inc., changed its name to Sollensys Corp. to provide for the continuity of the name of the South Korean company that it is acquiring.
This acquisition has now received the necessary approvals, and the auditors are completing the audits at this time. Sollensys Corp. will file an 8-K upon completing of the audits and the closing of the acquisition.
Sollensys Corporation holds numerous patents on the touch screen panel manufacturing process. Additional information will follow upon the filing of the 8-K.
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Sections of this press release contain forward-looking statements which reflect management's best judgment based on factors currently known but involve significant risks and uncertainties. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a number of unanticipated events that may be unforeseen by management. Forward-looking information provided pursuant to the safe harbor established by recent securities legislation should be evaluated in the context of these events.