APPlife Digital Solutions, Inc. Terminates Letter of Intent with Silver Bear Sports Entertainment and Gaming
APPlife Digital Solutions (OTCQB: ALDS), a business incubator and portfolio manager focused on e-commerce and cloud-based solutions, has terminated its Letter of Intent with Silver Bear Sports Entertainment and Gaming. The termination was due to Silver Bear's failure to provide adequate due diligence documentation to support their assets and their lack of effort in providing essential information as required in the LOI.
APPlife Digital Solutions (OTCQB: ALDS), un incubatore d'impresa e gestore di portafoglio focalizzato su soluzioni di e-commerce e basate sul cloud, ha risolto la sua Lettera di Intenti con Silver Bear Sports Entertainment and Gaming. La risoluzione è dovuta al fatto che Silver Bear non ha fornito la documentazione adeguata per la due diligence a supporto dei propri beni e alla sua mancanza di impegno nel fornire le informazioni essenziali come richiesto nella LOI.
APPlife Digital Solutions (OTCQB: ALDS), un incubador de empresas y gestor de carteras centrado en soluciones de comercio electrónico y basadas en la nube, ha rescindido su Carta de Intención con Silver Bear Sports Entertainment and Gaming. La rescisión se debió a la falta de Silver Bear de proporcionar la documentación de debida diligencia adecuada para respaldar sus activos y su falta de esfuerzo por proporcionar la información esencial según lo requerido en la LOI.
APPlife Digital Solutions (OTCQB: ALDS)는 전자상거래 및 클라우드 기반 솔루션에 중점을 둔 비즈니스 인큐베이터이자 포트폴리오 관리자이며, Silver Bear Sports Entertainment and Gaming과의 의향서를 종료했습니다. 종료의 사유는 Silver Bear가 자산을 지원하기 위한 적절한 실사 문서를 제공하지 못했으며, LOI에서 요구하는 필수 정보를 제공하는 데 노력을 기울이지 않았기 때문입니다.
APPlife Digital Solutions (OTCQB: ALDS), un incubateur d'entreprises et gestionnaire de portefeuille axé sur les solutions de commerce électronique et basées sur le cloud, a résilié sa Lettre d'Intention avec Silver Bear Sports Entertainment and Gaming. La résiliation est due à l'incapacité de Silver Bear à fournir les documents adéquats de diligence raisonnable pour soutenir leurs actifs et à leur manque d'efforts pour fournir les informations essentielles comme requis dans la LOI.
APPlife Digital Solutions (OTCQB: ALDS), ein Unternehmensinkubator und Portfoliomanager, der sich auf E-Commerce und cloudbasierte Lösungen konzentriert, hat seinen Letter of Intent mit Silver Bear Sports Entertainment and Gaming beendet. Die Beendigung erfolgte aufgrund der unzureichenden Bereitstellung von Due-Diligence-Dokumenten durch Silver Bear zur Unterstützung ihrer Vermögenswerte und des Mangels an Bemühungen, essentielle Informationen, wie im LOI erforderlich, bereitzustellen.
- None.
- Termination of potential business combination/acquisition due to insufficient due diligence
- Failed business development initiative with Silver Bear Sports Entertainment and Gaming
- Time and resources spent on unsuccessful deal exploration
SAN FRANCISCO, Nov. 27, 2024 (GLOBE NEWSWIRE) -- APPlife Digital Solutions, Inc. (OTCQB: ALDS) (“APPlife”, the Company”), a business incubator and portfolio manager that invests in and creates e-commerce and cloud-based solutions, announced today that it has terminated its Letter of Intent (“LOI”) with Silver Bear Sports Entertainment and Gaming (“Silver Bear”) as a result of Silver Bear’s failure to provide sufficient due diligence to support the assets and a failure to use best efforts in providing APPlife with the essential information as required in the LOI.
ABOUT APPLIFE DIGITAL SOLUTIONS, INC.
APPlife Digital Solutions Inc., with offices in San Francisco CA. and Shanghai China, is a business incubator and portfolio manager that creates and invests in e-commerce and cloud-based solutions. The Company invests in and creates solutions for work, home life, recreation, and research that make users more productive and more efficient, whether at work, home, or traveling the world. APPlife's cloud-based businesses are designed to provide easy-to-use life solutions, often to address everyday issues and needs. They include a wide array of topics and needed services to cover the full marketplace across the spectrum. For more information, visit www.applifedigital.com.
Contact Information:
APPlife Digital Solutions
Investor Relations
Tel: (585) 232-5440
Email: jody@applifedigital.com
FORWARD-LOOKING STATEMENTS
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things our plans, strategies, and prospects -- both business and financial. Although we believe that our plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, acquisitions, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to APPlife Digital Solutions, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
FAQ
Why did APPlife Digital Solutions (ALDS) terminate its LOI with Silver Bear?
When did APPlife Digital Solutions (ALDS) announce the termination of its Silver Bear LOI?
What was the potential deal between ALDS and Silver Bear about?
