LOS ANGELES--(BUSINESS WIRE)--Capital Resource Alliance, Inc. (OTC: CRRA) announced today it has entered into a letter of intent to acquire and to execute a reverse merger with Nate’s Pancakes, Inc., an Indiana corporation in which Nate’s Pancakes will became a wholly owned subsidiary of the Company (the "Merger"). WB Partners had previously announced this transaction via a press release.
Nate’s Pancakes make ready-to-use, pre-mixed pancake and waffle batter delivered in a pressurized can. Our pre-made batter makes light and airy pancakes or waffles that are fun for the entire family to make together, and are a great way to start your day. Nate’s Pancakes was created by Nate Steck who also created Batter Blaster which sold nearly 2 million cans and exceed $15-20 Million dollars a year in revenue. The product is currently for sale at www.natespancakes.com.
The Company expects the acquisition and reverse merger will become effective prior to May 30, 2014. The company is in the process of filing a Form 10 with the United States Securities and Exchange Commission and expects the Form 10 to be filed in June 2014. Based on the current share structure, the Company’s new Board of Directors does not expect a reverse split of the stock will be necessary.
About Nate’s Pancakes
Nate’s Pancakes are a ready-to-use, pre-mixed pancake and waffle batter delivered in a pressurized can. Our pre-made batter makes light and airy pancakes or waffles that are fun for the entire family to make together, and are a great way to start your day. With no preparation and no clean-up, we’ve made making breakfast easier for your busy mornings. The product is currently for sale at www.natespancakes.com.
Notice Regarding Forward-Looking Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual and interim reports.
Contacts:
Capital Resource Alliance, Inc.
Nate Steck
(661)
418-7842
info@crra.info