Neohydro Technologies Corp. (OTCQB: NHYT) (the "Company") is pleased to provide shareholders a corporate update.
Over the past few months the Company has been working diligently to complete and submit the latest amended 8k filing with the Security and Exchange Commission, with respect to the acquisition of Couponz, Inc., the creator of the Epoxy Mobile App. The 8k/A was filed on April 11, 2014. The filing can be viewed in its entirety at:
Neohydro has engaged in a corporate restructuring comprising of the reduction in both preferred and common stock including the issuance of preferred shares for the acquisition of Couponz, Inc. The preferred shares decreased from 100,000,000 to 50,000,000 and common from 800,000,000 to 480,000,000. The acquisition occurred via a share exchange with Neohydro Technologies Corp, issuing 24,514,319 preferred shares, for 100% of the outstanding shares of Couponz, Inc. This acquisition of Couponz Inc., the creator of Epoxy Mobile Application, now places Neohydro Technologies into the mobile application sector. For more information, we encourage investors to visit our website atwww.epoxyapp.com or download the application to your Apple iPhone or Android device.
The Company recently completed its first fully audited 10k annual filing since acquiring Couponz Inc. The filling now includes financials for the Company and can be found at:
With the acquisition complete the Company plans to release an update on the Epoxy business activity such as recent developments and milestones achieved since the last update. Additionally, management believes completing a name and possible symbol change is needed to better represent our new business direction.
About Couponz, Inc.
Couponz, Inc. is the developer of the Epoxy app, an application or "app" for iPhone iOS and Android operating systems. Epoxy is an innovative smart phone application designed and created to conveniently connect business owners and consumers in order to ease marketing frustrations. The mobile app gives loyal customers the ease of keeping track of rewards and punch cards all in one place while also giving opportunities to review and share businesses with friends. In turn, Epoxy provides businesses the ability to reward customers, share offers, and deliver information about special events with their customers. Epoxy designers are dedicated to providing a superior and easy-to-use product for business owners to reward loyal customers.
This release contains forward-looking statements that reflect NeoHydro Technologies Corp., and Couponz, Inc., plans and expectations. In this press release and related comments by Company management, words like "expect," "anticipate," "estimate," "forecast," "objective," "plan," "goal" and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.
SOURCE: Neohydro Technologies Corp.