TORONTO, ONTARIO--(Marketwire - June 26, 2012) - Lumonall, Inc. (PINKSHEETS:LUNL) ("Lumonall"), announced today that it has entered into a Letter of Intent ("LOI") to acquire all of the issued and outstanding common shares of Azaz Capital Corp. ("Azaz") (www.azazcapital.com) on a one for one share basis. Azaz is an investment and merchant banking company incorporated in the State of Nevada.
As part of the terms of the LOI, Lumonall will bring its financial statements up to date, have them audited and filed with the Securities and Exchange Commission in order to become a fully reporting issuer.
Mr. John G. Simmonds, Chairman and CEO stated, "I am enthused by the opportunity of acquiring Azaz and believe that their track record, management and investment strategies will provide greater value to Lumonall shareholders in the future."
This press release contains "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management's views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Lumonall, Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management's ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company's ability to retain key management and employees; intense competition and the company's ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Lumonall, Inc. SEC filings. Lumonall, Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Lumonall, Inc.'s business, please refer to the risks and uncertainties detailed from time to time in Lumonall, Inc.'s SEC filings.