LOS ANGELES--(BUSINESS WIRE)--Banjo & Matilda, Inc (OTC: BANJ) (“BANJ”) announced today that it has entered into an agreement to acquire Spectrum King LED (“SKLED”), the world’s premier full spectrum LED grow lighting technology.
“Spectrum King LED has a compelling story to share with the public. We developed a proven technology that has been very well received and we believe that this transaction positions the company to maximize shareholder value, especially with the favourable outlook for the sectors that we serve. Our transformative suite of cutting-edge LED solutions are ready for the next level of expansion and accessing the market should enhance Spectrum King’s business model, by accelerating our production and market expansion,” stated Rami Vardi, SKLED’s Founder and CEO.
Further details of the transaction are available in the recently filed 8-K.
About Spectrum King LED
As the premier LED grow light tech company, Spectrum King LED (“SKLED”) specializes in designing, manufacturing and selling full-spectrum LED grow lights (currently patent pending), for indoor and greenhouse applications, targeting a number of grow industries.
SKLED’s powerful advantages include innovative LED grow lights that are designed to mimic natural outdoor sunlight to help your plants grow healthier and yield better harvests, more consistently, with quality and intensity of light that they are accustomed to from natural sunlight, and at a lower cost than outdoor growing.
For further information on SKLED, please go to www.spectrumkingled.com
Forward looking Statement
Certain matters discussed in this press release are 'forward-looking statements' intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. In particular, the Company's statements regarding trends in the marketplace, growth in the number of stores that will carry its products, increases in its sales and financial results, are examples of forward-looking statements. Forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to, economic trends and conditions, trends in the fashion and retail industries, the acceptance of new product designs, inherent discrepancy in actual results from estimates, projections and forecasts made by management and other factors not within the Company's control The factors discussed herein and expressed from time to time in the Company's filings with the Securities and Exchange Commission could cause actual results and developments to be materially different from those expressed in or implied by forward looking statements made by the Company. The forward-looking statements contained herein are made only as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.