Lelantos Holdings Inc (OTCMKTS:LNTO), which was previously known as ProConcept Marketing Group Inc, made a major new announcement this past Friday and it could be a good idea to take a closer look into it. The company announced that it had inked an asset purchase agreement in relation to the acquisition of as many as 15 semi-trucks which also have an ongoing operational business model.
The acquisitions could prove to be pivotal for the company since it would be the first step in Lelantos’ four-step plan for entering the logistics and shipping industry. The asset purchase is also going to be important since it would provide the company with a business model with cash flow that would also complement the energy division.
In addition to that, it would also provide the company with an improvement in its asset valuation. Lelantos already submitted its supplemental non-shell report to the OTC Markets so as to get the ‘shell’ designation removed.
Nathan Puente, the Chief Executive Officer of Lelantos spoke about the development as well and noted that everyone at the company was pleased to have managed to add additional assets. He went on to add that it would also help the company in getting the shell status removed.
