Simulated Environment Concepts, Inc. Executes a Letter of Intent (LOI) Concerning a Prospective Merger With CMR Construction & Roofing, LLC, Recognized as One of the Leading Roofing Firms ...
SIMULATED ENVIR CNCPTS (SMEV)
Company Research
Source: GlobeNewswire
NASHVILLE, TN, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Simulated Environment Concepts, Inc. (OTC: SMEV or Simulated) and CMR Construction & Roofing LLC (referred to as "CMR") are pleased to announce the execution of a Letter of Intent (LOI) targeted at Strategic Business Combination potentially merging Simulated with CMR, one of the Top 10 roofing companies in the country. The objective of this proposed merger is to establish a diversified construction company focused on enhancing shareholder value through investments in and acquisitions of innovative construction businesses that prioritize responsible risk management and provide practical solutions to global challenges in the construction and roofing industries. Further, this merger targets to incorporate an enhanced business model that includes increased revenues from ancillary verticals and upselling of existing customers with a full array of home improvements. Both CMR and Simulated are confident that this merger will yield
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