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Snap2 Corporation Announces Letter of Intent.

Publication: Business Wire
Publication Date: 05-FEB-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
BOCA RATON, Fla. -- Snap2 Corporation (OTCBB:SPTO) and Coasters, S.A. (Coasters), a privately held company with its principal headquarters located in Cali, Columbia, announced today that they have signed a letter of intent with respect to Coasters proposed acquisition of SPTO in a reverse merger transaction. Under the non-binding letter of intent, Coasters and Snap2 will endeavor to negotiate a definitive merger agreement. Under the merger agreement, Coasters would merge into Snap2, and the shareholders of Coasters will maintain controlling interest of the outstanding capital stock of...

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