PHOENIX, AZ / ACCESSWIRE / January 4, 2021 / Alpine 4 Technologies, Ltd., (OTCQB:ALPP) a leading operator and owner of small market businesses, is pleased to announce that on December 31st, 2020 Alpine 4 and Vayu (U.S.), Inc. (Vayu) finalized and executed its Merger Agreement for Vayu to become a wholly-owned subsidiary of Alpine 4.
Kent Wilson, CEO of Alpine 4, "Execution of this agreement paves the way for final closing conditions to be met by Jan 10th, 2020. The harmony between Alpine 4 and Vayu has led to an easily navigated, streamlined transaction. We look forward to implementing the vertical integration and cross-pollination of American Manufacturing opportunities between Vayu, Impossible Aerospace (IA), and Quality Circuit Assembly. With the recent changes to the Federal Aviation Administrations' (FAA) regulations surrounding night flying and flying over people, both Vayu and IA are prepared to enter the market filling the void of manned and autonomous commercial drones for surveillance and delivery needs. With the drone economy amongst us, Alpine 4's UAV holdings are ready to burst onto the scene."
Alpine 4: Four principles at the core of our business are Synergy. Innovation. Drive. Excellence. At Alpine 4, we believe synergistic innovation drives excellence. By anchoring these words to our combined experience and capabilities, we can aggressively pursue opportunities within and across vertical markets. We deliver solutions that not only drive industry standards but also increase value for our shareholders.
Contact: Kent B. Wilson, CEO or Ian Kantrowitz, VP of Investor Relations
Forward-Looking Statements: The information disclosed in this press release is made as of the date hereof and reflects Alpine 4 most current assessment of its historical financial performance. Actual financial results filed with the SEC may differ from those contained herein due to timing delays between the date of this release and confirmation of final audit results. These forward-looking statements are not guarantees of future performance and are subject to uncertainties and other factors that could cause actual results to differ materially from those expressed in the forward-looking statements including, without limitation, the risks, uncertainties, including the uncertainties surrounding the current market volatility, and other factors the Company identifies from time to time in its filings with the SEC. Although Alpine 4 believes that the assumptions on which these forward-looking statements are based are reasonable, any of those assumptions could prove to be inaccurate and, as a result, the forward-looking statements based on those assumptions also could be incorrect. You should not place undue reliance on these forward-looking statements. The forward-looking statements contained in this release are made as of the date hereof, and Alpine 4 disclaims any intention or obligation to update the forward-looking statements for subsequent events.
SOURCE: Alpine 4 Technologies, Ltd.