|[February 04, 2014]
Exobox Technologies Corp. Announces Acquisition of Cheribum Builders Group LLC.
FORT WORTH, Texas --(Business Wire)--
Exobox Technologies Corp. (trading symbol EXBX:OTC, the
"Company") is pleased to announce that it has executed a Share Exchange
Agreement (the "Agreement") with PDX Partners Incorporated. ("PDX") to
acquire the controlling interest (the "Interest") in Cherubim Builders
Group LLC. ("CBG").
The Current operations, technologies, and patents of EXBX are being spun
out in a new company with a 1 for 1 share distribution, this will leave
the current shareholders with the same shares in EXBX as well as their
newly found shares in CBG.
The Company has been working on the financials to bring the Company
current in all past filings and expects to have this finished
approximately at the same time as the closing of the Agreement.
Under the terms of the Agreement for the acquisition; The Company will
complete a reverse of 1 share for each 2,000 shares currently owned, and
will acquire the controlling Interest of CBG, by issuing 40,000,000 post
reversed Common shares of the company. The transaction is expected to
occur on or before February 28, 2014, unless mutually extended by both
The transaction will be considered a Reverse Merger and Reorganization
for reporting purposes and will undertake a name change to Victura
Construction Group Inc.
CBG has three operating subsidiaries in the construction industry:
WaterMasters Restoration Inc., Metroplex Home Repair, Inc. DBA Gregg
Construction and Designer Lane, each with its own business model. These
companies can be found at www.cherubimllc.com.
Gregg Construction Company
Gregg Construction Company ("Gregg") specializes in Water, Fire and
Storm Restoration and Reconstruction services. Gregg has 41 years of
servicing the residential restoration arena and insurace industry,
providing prompt, certified 24-hour emergency services to
the Dallas-Fort Worth and surrounding areas.
WaterMasters Restoration Inc.
WaterMasters Restoration, Inc. ("WaterMasters") also specializes in
Water, Fire, and Storm restoration and reconstruction services, with an
emphasis on large loss occurrences. WaterMasters provides incomparable
large loss project management and execution that saves the Insurance
Carriers money in ALE (alternative living expenses) and gets the
Homeowners back into their home in a shorter time span, creating value
for both parties.
Designer Lane was created as a material supply company to service its
sister companies Gregg and WaterMasters. Designer Lane, delivers a
one-stop kitchen, bathroom, and outdoor living space design and
renovation service, quickly and efficiently. Due to Industry
Relationships and Volume Purchasing, construction material(s) used by
builders, general contractors and multi-family developers can also be
acquired at a competitive pricing through the Company.
About Exobox Technologies Corp.
Exobox Technologies Corp. develops information risk management and
security solutions that help organizations protect and recover their
most valuable information assets. It is committed to its vision to
create a more secure environment for the information-centric community
through the development of new technologies and security service.
This press release contains forward-looking statements regarding future
events and our future results that are subject to the safe harbors
created under the Securities Act of 1933 (the "Securities Act") and the
Securities Exchange Act of 1934 (the "Exchange Act"). All statements
other than statements of historical facts included in this report
regarding our financial position, business strategy, plans and
objectives of management for future operations, industry conditions, and
indebtedness covenant compliance are forward-looking statements. When
used in this report, forward-looking statements are generally
accompanied by terms or phrases such as "estimate," "project,"
"predict," "believe," "expect," "anticipate," "target," "plan,"
"intend," "seek," "goal," "will," "should," "may" or other words and
similar expressions that convey the uncertainty of future events or
outcomes. Items contemplating or making assumptions about, actual or
potential future sales, market size, collaborations, and trends or
operating results also constitute such forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties, and
important factors (many of which are beyond our company's control) that
could cause actual results to differ materially from those set forth in
the forward-looking statements, including the following: oil and gas
prices, general economic or industry conditions, nationally and/or in
the communities in which our company conducts business, changes in the
interest rate environment, legislation or regulatory requirements,
conditions of the securities markets, our access to capital, changes in
accounting principles, policies or guidelines, financial or political
instability, acts of war or terrorism, and other economic, competitive,
governmental, regulatory and technical factors affecting our company's
operations, products, services and prices.
We have based these forward-looking statements on our current
expectations and assumptions about future events. While our management
considers these expectations and assumptions to be reasonable, they are
inherently subject to significant business, economic, competitive,
regulatory and other risks, contingencies and uncertainties, most of
which are difficult to predict and many of which are beyond our control.
Exobox Technologies Corp.
Shaun Irvine, Chief Executive Officer
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