CALGARY, Alberta--(BUSINESS WIRE)--Daulton Capital Corporation (OTCBB:DULT) today announced that it has executed a Letter of Intent (LOI) to acquire Energy Solutions People, Inc. (ESPinc) and Infinity Power, Inc. Focused on renewable energy from solar and wind power, both ESPinc and Infinity Power will facilitate Daulton Capital’s entry into the global market for clean energy solutions.
ESPinc exclusively develops and manufactures a complete range of independent energy technology products. Created to address the needs of residential, small commercial and light industrial users, ESPinc’s solar and wind energy products provide clean, renewable energy that reduces the burden on transmission lines, as well as lowers demand for traditional energy sources such as coal and natural gas. ESPinc products are developed and manufactured in the factory labs of Paolo Fadel, at the Quasar Electronics facility, located outside of Venice, Italy.
Infinity Power, Inc. plans to market and distribute the complete range of ESPinc’s independent energy-producing products; including ESPinc’s line of solar concentration generators and TITAN wind turbines. Infinity Power, Inc. currently has distribution rights for ESPinc products in Canada, with an option for the United States market.
Energy Solutions People, Inc. and Infinity Power, Inc. are development-stage companies and have not yet generated any revenue. The letter of intent provides that Daulton Capital will acquire all of the issued and outstanding shares of Energy Solutions People, Inc. and Infinity Power, Inc. for shares of Daulton’s common stock which, when issued, will represent approximately 65 percent of Daulton Capital’s outstanding shares. The planned acquisition of Energy Solutions People, Inc. and Infinity Power, Inc. is subject to a number of conditions, including the execution of a binding agreement between Daulton Capital and all other parties to the transaction.
For more information, contact: Ryan Beamin, tel. 888-387-1403
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