MassRoots Closes Acquisition of Empire Services, Inc.
Summary
As a result of the Empire acquisition, the Company now operates 10 metal recycling facilities across Virginia and North Carolina and generates tens of millions of dollars in annual revenue. Additionally, MassRoots has entered into a settlement agreement with Iroquois Master Fund, Ltd. which is expected to result in the dismissal of the litigation and arbitration between the two parties. This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about expected closing of Empire acquisition, the future revenues of the Company, the appointment of new directors, and the listing on a senior exchange. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections.