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VIBE I Enters into an Agreement with Sandbox Resource Solutions and Sandbox, Inc.
Sep. 18, 2015 11:37AM PST
Cleantech Investing
VIBE I (OTC PINK:VIBE) has entered into a “Purchase and Sale of Assets Agreement,” with the Shareholders of Sandbox Resource Solutions, LLC (“Shareholders of Sandbox”) and Sandbox, Inc. Effective August 7th 2015, the agreement states that VIBE will purchase all of Sandbox’s assets in exchange for 12,000,000 shares of VIBE restricted common stock.
VIBE I (OTC PINK:VIBE) has entered into a “Purchase and Sale of Assets Agreement,” with the Shareholders of Sandbox Resource Solutions, LLC (“Shareholders of Sandbox”) and Sandbox, Inc. Effective August 7th 2015, the agreement states that VIBE will purchase all of Sandbox’s assets in exchange for 12,000,000 shares of VIBE restricted common stock.
According to the press release:
On April 8, 2015, VIBE entered into a reorganization agreement with New Vibe, Inc., but both companies mutually determined the business combination was not in the best interest of either corporation’s or their shareholders and allowed the agreement to expire.
Chris Tesarski, Executive Chairman and CEO of VIBE, stated, “We are very pleased to announce the culmination of significant work to create an exciting, dynamic and necessary new public company.”
Sandbox Resources Solutions “SRS” has developed the Resource Management System, “RMS” which is engineered to remove oil, solids, iron sulphides, hydrocarbons more efficient and cost effective than traditional methods. SRS is applying a patented proprietary technology to treat produced oilfield waste water into useable, fresh water.
The company’s focus is to deliver produced fresh water and subsequent by-products from its processes which will be suitable for commercial, industrial and agriculture sustainability while reducing the strain on our natural resources. Our Resource Management Systems are manufactured using North American parts and technology.
Click here to read the full press release from VIBE I.
