Boynton Beach, FL, March 19, 2015 --(PR.com
)-- NAS Acquisition, Inc. (“NAS” or the “Company”) a publicly reporting company, announced today that the Company has entered into a share exchange agreement and Plan of Reorganization with Boynton Beach based-On the Move Corporation (“On the Move”). The Share Exchange Agreement and Plan of Reorganization is subject to other closing matters, SEC approval and reconfirmation of NAS investors, pursuant to Rule 419. Following closing we will initiate all the necessary steps to commence public trading, including, but not limited to the filing of a FINRA Form 15c2-11.
On the Move Corporation was founded in 2014 to engage in the acquisition of convenience stores in the State of Florida under the On the Move brand. It currently owns and operates five retail outlets in Lake, Orange and Palm Beach county, Florida. Its stores offer a selection of food, including national chains such as Dunkin Donuts, Subway, GodFathers Pizza, sandwiches; beverage and tobacco products; health and beauty aids; automotive products; and other nonfood items. In addition, it is involved in the retail sale of gasoline or gasohol on a self-service basis. On the Move intends to acquire additional convenience stores in Florida because it believes the State of Florida offers the greatest opportunity for growth and expansion over the next 20 years. Currently the State of Florida consumes over 12 billion gallons of gas on an annual basis and grows by 1000 new residents each day.
About NAS Acquisition Inc.
NAS Acquisition Inc., is a publicly reporting company which was organized to aquire an operating business. Founded and incorporated in Nevada in 2014 NAS Acquisition Inc., seeks out business opportunities with entities which have recently commenced operations, or wish to utilize the public marketplace in order to raise additional capital in order to expand into new products or markets, to develop a new product or service, or for other corporate purposes.
This press release contains forward-looking statements that involve risks and uncertainties. Words such as "believes," "anticipates," "plans," "expects," "intend," "will," "goal," "potential" and similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon the Company's current expectations. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and NAS or On the Move has no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date of this press release.