Milford, Conn. – Nevada based Diversified Secure Ventures Corp. has announced that it has entered into a Definitive Agreement to merge with Go Green Technologies Corp. of Milford, CT.
Go Green Technologies Corp. is a U.S. environmental company that has Exclusive Global Distribution Rights to the Sonical line of proprietary patented devices developed in Italy for both water and fuel. Since inception the company has focused on developing and marketing innovative technologies that lead to a cleaner and more efficient planet.
The Board of Directors of Diversified has called its 2012 Annual Meeting of Stockholders to be held on Jan. 24, 2012 at 10:00 am. The meeting will be held at 15 Edna Court, Brookfield, CT. The purpose of the meeting is as follows: (1) approving the proposed merger of the Corporation with Go Green Technologies Corp. of Milford, Connecticut, in which the Corporation will be the surviving corporation; (2) approving the proposed change in the name of the Corporation to Go Green Global Technologies Corp.; (3) approving the proposed new Bylaws of the Corporation; (4) approving the election of four persons to the Board of Directors, specifically John D’Alessandro, Massimo DeCarli, Anthony Iemma and Edward N. Minnema; and (5) authorizing a one-for-ten reverse stock split of the outstanding common stock of the Corporation.
Upon stockholder approval and the pending reverse split and name change, Diversified will issue to Go Green Technologies Corp shareholders, 40 million restricted shares of the Go Green Global Technologies Corp. The newly formed corporation will also apply for a trading symbol change to better reflect the corporation’s new name.
“The merger, I believe, will provide existing shareholders and potential investors an exciting investment opportunity. The company will have the exclusive global distribution rights of a technology that initially has generated two excellent products, the Sonical Water Treatment System and the Sonical Fuel Charger,” says John D’Alessandro, CEO of Go Green. “According to the Goldman Sachs Water Report, the worldwide market for the water application is conservatively estimated at over $300 billion. We also continue to review other potential products and technologies that will complement our business and environmental model. The merger will allow the company to access the public markets in respect to financing our endeavors and also provide us with an additional tool to assist in marketing and gaining exposure of our products.”
Filed under: CT Green News