AmbiCom and Voosh sign letter of intent.
SANTA CRUZ, CA --(August 25, 2017) - AmbiCom Holdings, Inc. (OTCPS: ABHI), the leading provider of cloud based Active Optimization services for Personal Computers and servers is pleased to announce that they have signed a letter of intent with Voosh LLC, to join together and create a formidable technology driven company.
“Today it’s with pleasure that I announce, that we have reached a preliminary agreement with Voosh and Mr. Kevin Cornell to join our companies together. This will allow AmbiCom to support the Voosh product line and use their expertise to grow the public entity stated Alain Lewand, CEO of Ambicom Holdings, Inc. “The final agreement will be formulated within the next 30 days and we look forward to a long and flourishing relationship as we move forward”
“Combining with Ambicom will give Voosh access to the assets needed to fully support the marketing efforts needed to generate the most revenue for our unique application. Plus, 100% all those revenues hit the top line of Ambicom’s P&L, maximizing shareholder value” stated Kevin Cornell, CEO of Voosh LLC.
The letter of intent calls for AmbiCom to issue 1,000,000,00 restricted shares to Voosh based upon financial accelerators agreed upon by both parties and issued as those criteria are met.
About AmbiCom Holdings, Inc.
AmbiCom Holdings Inc., headquartered in Santa Cruz, California, searches out, acquires and/or invests in unique technologies that have the potential for wide adoption in large markets. Ambicom looks for mature management teams that have a history of successfully converting new concepts into products.
Of particular interest are high margin products that have the ability to enhance user’s experience while generating a positive return on investment.
We are acutely aware of our responsibility to the investors that have placed their trust in our abilities to effectively manage the assets of Ambicom on their behalf.
For more information, visit www.ambicom.com.
About Voosh LLC
Voosh LLC markets and supports optimization software that is licensed from Ambicom Holdings Inc. This software improves the performance of servers and workstations through the automatic evaluation and adjustment of the manufacturers’ supplied settings. The Voosh application has been certified by Microsoft, IBM, VMware and Citrix in independent evaluations. It has also won the ‘Cool Vendor’ award from Gartner in the area of infrastructure tools. Voosh is located in Santa Cruz, CA.
For more information, visit www.vooshtech.com
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Although forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements, including but not limited to our ability to maintain our website and associated computer systems, our ability to generate sufficient market acceptance for our products and services, our ability to generate sufficient operating cash flow, and general economic conditions. Readers are urged to carefully review and consider the various disclosures made by us in our reports filed with the Securities and Exchange Commission from time to time which attempt to advise interested parties of the risks and factors that may affect our business, financial condition, results of operation and cash flows. If one of more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.
Ambicom Holdings, Inc.