Eco Ventures Group, Inc. (OTC: EVGI) (OTC PINK: EVGI) ("EVGI") today announced that it has signed a share exchange agreement (the "Agreement") with Petlife Corporation and the shareholders of Petlife Corporation. According to the terms of the Agreement, Petlife's shareholders will receive forty million (40,000,000) shares of EVGI common stock, which equates to approximately eighty percent (80%) of the issued and outstanding shares of EVGI in consideration for one hundred percent (100%) of the capital stock of Petlife.
Prior to closing, under the Agreement certain terms and conditions must be met by both parties. These include, but are not limited to, EVGI becoming current in its reporting obligations under Securities and Exchange Act of 1934, as amended, as well as completing a fifteen to one reverse split. The entire Agreement may be read on the EDGAR reporting system under the Eco Ventures Group, Inc. filing name.
About Petlife, Inc.
Petlife Corporation is a registered US Veterinary Pharmaceutical company, incorporated in 2012 and is a spin-off of Medolife International, Inc. Petlife's primary product will be sold under the name of Escozine for Pets. Escozine for Pets will be registered and distributed globally and it will also be sold through direct online marketing.
Petlife's primary goal is to bring its new, scientifically proven, potentiated bioactive medication and Nutraceuticals to the world of veterinary oncology, with the ultimate goal of extending the life of pets suffering from cancer and improving their quality of life. In the process of achieving these objectives and in addition to working to become profitable and innovative, Petlife intends to position itself as a world renowned, professionally respected veterinary pharmaceutical company that will create new industry standards.
About Eco Ventures Group, Inc.
Eco Ventures Group, Inc. ("EVGI") has, in the past, been dedicated to being a family of ecologically friendly and economically sound businesses, however due to economic developments, the Company has recently focused on potential business combinations that bring value to the shareholders.
Under the Private Securities Litigation Reform Act of 1995: EVGI encourages those interested in our Company to rely only on information included in our filings with the United States Securities and Exchange Commission which can be found at www.sec.gov. Statements released by Eco Ventures Group, Inc. that are not purely historical are forward-looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental, and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q, and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
CONTACT:
Eco Ventures Group, Inc.
Investor Relations
Groveland FL 34736
Phone: (352) 557-4830
Website: www.ecoventuresgroup.com
Email: info@ecoventuresgroup.com
SOURCE: Eco Ventures Group, Inc.
Associated Documentation:
Link to submission on http://www.eteligis.com
EVGI_4-28-2014_PAP_ETL.docx
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