STONEY CREEK, Ontario--(BUSINESS WIRE)--Airtrona International (ARTR) is pleased to announce it has signed a Letter of Intent and merger agreement with Canadian based Arc Medical Devices. The agreement is based in part on the cancellation and or a suitable resolution towards the dissolution of prior restrictive shares held by old Management. The company will then acquire a special series of preferred shares that will represent controlling interest moving forward. Upon successful completion of the term agreement Arc Medical Devices will utilize it's controlling interest to move forward with the necessary compliance requirements, reinstatement, and updates to the company.
This shareholder update may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Company's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements. Actual results, events, and performance may differ.