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LyfeTec signs LOI to acquire Macada Design
23
Jun '09
LyfeTec Inc, a publicly traded company currently on the Over the Counter, announces it has signed a letter of intent to acquire Macada Design Group, Inc. -- a world wide apparel entity with a strong driving force that was formed to act as a holding company for three other design corporations which will soon sign agreements to merge. Deanna Hodges will become the CEO of the surviving corporation.

We are now in process of filing with Pinksheet (OTCIQ) all company information and financial and shall have the skull and crossbones removed soon. Along with all Subsidiaries, LyfeTec has negotiated an agreement with an OTCBB company soon to be announced; as of June 30, 2009 all shareholders of record shall be issued shares in the new OTCBB company. The date and structure will be announced late next week.

LyfeTec has implemented all our 157 products on our web sites under catalog and vision to reshape the conventional efforts we were months ago. The companies have structured two asset purchases. We the company and officers are cleaning up the company and structure. We have completed the ERH Unit and demonstrated its vast ability at the Offshore Racing Competition that was held June 12-14, 2009 in Sunny Isles, Florida. The S.I.B. offshore Race will have it set up for emergency use for the racers and spectators. It was a big attraction and was received very well.

Mr. Mellone stated: "After many years of effort, we are now in a position to offer a new company structure that will generate revenues. We were proud to set up the ERH Unit last weekend. People loved it. I comment with great respect to our shareholders and apologize for the delay with the UCHB dividend; they will be issued on completion. And I emphasize not to let the delay hinder your belief on the new deal. The new share will be out soon; then all shareholders will believe. There are great deals in completion in the pipeline. Soon to be announced."

LyfeTec Inc

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