This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Syncronys International Announces Its Planned Spinoff Of Wholly Owned Subsidiary, Lectric, Along With The Seeker Technologies Closing Date Of Acquisition

MANDEVILLE, La., March 18, 2013 /PRNewswire/ -- Syncronys International (OTC Pink: SNTL)

Syncronys International, Inc. is pleased to announce that shareholders of record, on a future record date to be determined, will receive shares of its wholly owned subsidiary Lectric.  Lectric will soon thereafter apply to be publicly traded on the OTCQB.  Rex Gay, Syncronys CEO said, "We wanted to reward all of our loyal shareholders of Syncronys as we proceed with acquisition of Seeker Technologies (Seeker-Tec)."  "The Seeker-Tec acquisition is on schedule to close on March 29th.  Shareholders will now own shares in two exciting, young public companies.  I look forward to announcing additional developments, for both companies in the near future."

Syncronys International will be paying a dividend consisting of shares of common stock of Lectric Inc. as a spin-off of SNTL. According to Rex Gay, Syncronys CEO, "The Company is pleased to provide current shareholders with the opportunity to be part of the alternative energy industry and its Seeker Tec business as well.

The sale, assignment and transfer to Lectric Inc. of all of that Corporation's assets, business and operations as a going concern will be conducted at the date hereof and prior to the Corporation's acquisition of Seeker Technologies Ltd.  Syncronys, International, Inc. will pay dividend consisting of shares of common stock of Lectric Inc.  The Corporation's current stockholders will receive the distribution of such dividend.  Expected effective date will be in time for a registration statement to be filed by Lectric Inc. pursuant to the Securities Act of 1933.

Lectric Inc. will be focused on sales, distribution and installation of a wide range of green energy products and applications.  Lectric Power will sell and distribute power generation equipment for use in commercial, home and agricultural applications and solutions.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,689.86 -56.12 -0.32%
S&P 500 2,103.84 -4.79 -0.23%
NASDAQ 5,128.2810 -0.5040 -0.01%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs