Chicago, IL, March 16, 2016 --(PR.com
)-- Scepter Holdings, Inc. is pleased to announce that Scepter Holdings, Inc. has entered into a Letter of Intent (LOI) with MWBE Holding Corp. a privately held corporation, to acquire all issued and outstanding shares of capital stock of MWBE Holding Corp. by way of share exchange agreement.
MWBE Holding Corp. is currently under Contract with Maine Woods Biomass Exports, LLC. to acquire 80% of the membership interest in Maine Woods Biomass Exports, LLC.
Maine Woods Biomass Exports LLC (MWBE) is a US based Biomass-Wood Chip producer located in Searsport Maine, with a goal of expanding their current operation and developing and building a multifunctional wood chip processing, manufacturing, and log drying facility using Phytosanitation heat treatment. The facility would be designed to manufacture a minimum of 310,000 metric tonnes per year (MTPY) for export to the EU for combined heat and power (CHP) production, and to produce medium density fiberboard (MDF).
The Letter of intent is subject to normal due diligence and the successful establishment of a mutually agreeable Share Exchange Agreement.
Scepter Holdings, Inc. is a company based in the United States that is traded on the Over the Counter Pink Sheets under the Symbol BRZL. The goal of Scepter is to focus and grow the Company through the acquisition and development of renewable energy products.
This news release contains "forward-looking statements," as that term is defined in Section 27a of the United States Securities Act of 1933, as amended, and Section 21e of the United States Securities Exchange Act of 1934, as amended. Statements in this news release, which are not purely historical, are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Except for the historical information presented herein, matters discussed in this news release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. statements that are not historical facts, including statements that are preceded by, followed by, or that include such words as "estimate," "anticipate," "believe," "plan" or "expect" or similar statements are forward-looking statements. Risks and uncertainties for the company include, but are not limited to, the risks associated with renewable energy and needs for funding as well as other risks. Other risks include risks associated with the regulatory approval process, competitive companies, future capital requirements and the company's ability and level of support for development activities. There can be no assurance that the company's development efforts will succeed and the company will ultimately achieve commercial success. These forward-looking statements are made as of the date of this news release, and the company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the company believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance those beliefs, plans, expectations or intentions will prove to be accurate. investors should consider all of the information set forth herein and should also refer to the risk factors disclosed in the company's periodic reports filed from time-to-time.
This news release has been prepared by management of the company who takes full responsibility for its contents. No regulatory body neither approves nor disapproves of the contents of this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
Scepter Holdings, Inc.