VIPR Industries Signs Termsheet for Acquisition of Revenue Producing Zereko Inc. and Its IVAC Industrial Unit. Client List Includes General Motors and Inco Among Othersadmin
VIPR Industries Inc. announces that it has executed a term-sheet for the acquisition of revenue producing Vancouver B.C. based Zereko Inc. and its highly touted proprietary IVAC Industrial unit. Some of Zereko’s current clients include notable companies such as General Motors, Inco, and Falconbridge among several others.
VIPR Industries has been in the process of reviewing several potential companies as possible acquisition targets or joint venture partners to compliment its existing mining assets within the stable confines of Tanzania. The company decided that revenue producing Zereko Inc., a Vancouver B.C. based company and its proprietary IVAC Industrial Vacuum System called the PV500, would be an excellent fit as a potential partner and acquisition. Zereko is an established company in business for nearly 25 years. Zereko and its affiliated company’s has sold several IVAC units to date too many notable companies such as General Motors, Inco, Falconbridge and several others. Their IVAC PV500 Industrial unit has been receiving increased global interest from many multi-national company’s due to its many diverse applications.
The units can be utilized in applications such as mining, drilling, water treatment plants, slurries, oil spills, wood mills, pulp mills, marine applications such as barges and ships, and several other uses as its applications are continually evolving. On average, an IVAC unit retails between $50,000 and $75,000 per unit which has been receiving positive reviews and feedback from purchasers and contractors alike. Zereko is in the process of filing patents and trademarks.
Along with Zereko’s Industrial IVAC System the company has assembled a successful construction contracting division which is also being discussed as part of the acquisition by VIPR Industries. The construction division holds much promise as it has already managed and successfully completed projects, large and small. VIPR intends on acquiring Zereko as a wholly owned subsidiary company. The term-sheet calls for an anticipated closing within 60 days should all terms be negotiated and agreed to by both sides. Certain conditions might call for VIPR to raise funds for the marketing of the IVAC as Zereko anticipates sales could multiply exponentially with an adequate marketing budget.
Mike Gerstner, President of VIPR Industries commented, “While in the exploration phases of our mining and resource properties, the Zereko acquisition would result in instant revenues for the company. We believe that both company’s would greatly benefit from the proposed merger should both parties successfully agree on acceptable terms on a final closing agreement”.
More Information on Zereko can be obtained by visiting its websites at: http://www.industrialvacuumunit.com or http://www.zereko.com
VIPR Industries Inc. is a precious metals exploration and development company focused on Gold, Uranium, and other precious metal resources and reserves through mergers, acquisitions and resource development.