LOTE Awarded 4th Electric Vehicle Installation at a Hospital Parking Facility
Lot 78, Inc. (OTCPink: LOTE), announces that it has been awarded its 4th installation of its Juice Bar Electric Vehicle Charging Station (www.juicebarev.com) at Kings County Hospital in Brooklyn, NY. Juice Bar Electric Vehicle Charging Stations previously have been installed at hospital parking facilities in Sacramento CA and two separate hospitals in Manhattan NY.
LOTE CEO David Schmid: “Hospital parking facilities make great sense for electric vehicle charging installations. Chargers at these locations serve the patient population, same day surgery patients as well as hospital employees and physicians. We believe that this market segment offers growth opportunities for our company.”
ABOUT LOT 78, INC. The Company was incorporated in the State of Nevada on June 27, 2008. On March 14, 2011, the Company filed a Certificate of Amendment with the Secretary of State of Nevada changing the name of the Company to “Bold Energy, Inc.” On November 12, 2012, the Company, then under the name Bold Energy, Inc., entered into a Share Exchange Agreement with Anio Limited a limited liability company established under the laws of the United Kingdom (“Anio Ltd.”), which conducts its primary line of business under the name Lot78, Inc., the shareholders of Anio Ltd., and the controlling stockholders of the Company. The company changed names to Lot78, Inc.
on January 31, 2013. On July 15, 2016, the Company entered into a Letter of Intent to merge with Compound Holdings, LLC, a Connecticut limited liability company. Subsequently, on July 18, 2016, the Company and Compound Holdings LLC entered into a definitive Agreement and Plan of Merger. Pursuant to the plan of merger, upon closing, the Company intends to change its name to Compound Holdings, Inc.
Source:PRN
