IJJCorp has signed a Letter Of Intent to acquire 51% of Montech, Inc. (MNTCH).

Rhea-AI Summary

IJJ Corporation (IJJP) has signed a Letter of Intent to acquire 51% of Montech, Inc. (MNTCH), with a Definitive Acquisition Agreement expected soon. Following the agreement, IJJCorp will file a 13D amendment and an 8K Filing. Montech, led by Mr. Olumide Akinwande, will operate as a subsidiary while providing tech services and business development for IJJCorp. This acquisition aims to enhance IJJCorp's technological capabilities and support projects like e-commerce and Metaverse initiatives, as well as developing an NFT marketplace.

Positive

• Acquisition of 51% of Montech, expected to enhance technological capabilities.
• Montech will operate as a subsidiary, providing tech services and development.
• Expected support for IJJCorp's internal exchange and Metaverse projects.

Negative

• None.

SILVER SPRING, MD / ACCESSWIRE / March 23, 2022 / IJJ Corporation (IJJCorp), (OTC:IJJP) IJJ Corporation year 2022 business expansion status.

IJJP News Headliner: IJJCorp has signed a Letter Of Intent to acquire 51% of Montech, Inc. (MNTCH). A Definitive Acquisition Agreement (DAA) is scheduled for signing, shortly.

Other key Points:

1. Immediately afterward the DAA signing, IJJCorp will file a 13D (amended) for acquiring 1% or more of any class of stock in a company, plus an 8K Filing.
2. Montech (MNTCH) will operate as a subsidiary within IJJCorp. The Founder and Chief Technology Officer (CTO), Mr. Olumide Akinwande, will maintain management control and daily operations.

IJJCorp Board of Director's update:

1. Mr. Olumide Akinwande will also become the first IJJCorp Board Member appointed.
2. We are preparing an offer for the second Board Member.

The business relationship is twofold:

1. Montech will provide technology services for IJJCorp, plus continue with its business development, and
2. IJJCorp provides funding to cover overhead, direct personnel labor, and resource expenses for contracts and projects initiated by IJJCorp.

MNTCH services will include supporting additional projects:

1. IJJCorp's internal exchange development and IJJ Purchase Power Tokens.
2. The deployment of a Metaverse for IJJCorp eCETP Customers using BNH MTFs.

MNTCH BHN Development

1. E-commerce website for products and services.
2. BHN NFTs marketplace.
3. Metaverse web 3 for BHN products and services.
4. BHN Tokens (Eth) for Trade, purchasing, and fundraising.
5. Supply Chain and Ledger using ETH Blockchain DTL technology.

The above information is for IJJP Shareholders and Market Makers. In addition, we will continue to post on Twitter LinkedIn posts provide News Releases on material events, task projections, or any discoveries as they occur.

IJJCorp: IJJCorp is an ambitious, innovative company offering Business Processing as a Service (BPaaS) and a Blockchain Cryptographic exchanger within a private network designed to give access to investors, budget funding, and networking business services.

The Company intends to continue developing and integrating services and products to bring its clients the most comprehensive, innovative, turnkey solutions and management services.

The Company will issue additional Press Releases on the status of the items referred to above within the next few weeks.

Follow IJJCorp on Twitter and LinkedIn at the following social media addresses:

https://twitter.com/IJJCorp and https://www.linkedin.com/company/ijj-corporation.

CONTACT:

info@ijjc.com

Safe Harbor Statement: The information posted in this release may contain forward-looking statements within the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words "may," "will," "should," "plans," "expects," "anticipates," "continue," "estimate," "project," "intend," and similar expressions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those projected or anticipated. These risks and uncertainties include, but are not limited to, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing various engineering and manufacturing programs, changes in customer order patterns, changes in product mix, continued success in technological advances and delivering technological innovations, shortages in components, production delays due to performance quality issues with outsourced details, and various other factors beyond the Company's control. Source: IJJ Corporation.

SOURCE: IJJ Corporation

View source version on accesswire.com:
https://www.accesswire.com/694199/IJJCorp-has-signed-a-Letter-Of-Intent-to-acquire-51-of-Montech-Inc-MNTCH

FAQ

What is the purpose of IJJ Corporation's acquisition of Montech, Inc. (IJJP)?

The acquisition aims to enhance IJJ Corporation's technological capabilities and support business development.

Who will manage Montech after the acquisition?

Mr. Olumide Akinwande will retain management control and daily operations as CTO.

What filings will IJJ Corporation make after acquiring Montech?

IjJ Corporation will file a 13D amendment and an 8K Filing after signing the Definitive Acquisition Agreement.

What services will Montech provide to IJJ Corporation?

Montech will provide technology services, support for internal projects, and business development.

How will this acquisition impact IJJ Corporation's projects?

The acquisition is expected to support initiatives like e-commerce, Metaverse deployment, and NFT marketplace development.