Tuesday March 27, 6:30 am ET
SANTA MONICA, Calif., March 27 /PRNewswire/ -- MetaSwarm Holdings, Inc., a Nevada corporation, is pleased to announce that it has entered into an Agreement and Plan of Merger with e-Auto Network, Inc. (OTC: EANW -News) a publicly traded Florida Corporation trading under the symbol EANW.PK. In conjunction with the execution of that agreement, e-Auto Network is filing documents with the State of Florida to change its name to MetaSwarm Corp. Once those documents are filed, the company will apply for a new Cusip number and symbol.
It is anticipated that the merger will be completed within the next two weeks pending completion of satisfactory due diligence. Following the merger, the current officers and directors of the company will resign and a new board of directors consisting of Marvin Shannon and Kent Lam will be appointed. The Company expects to appoint Marvin Shannon as President and CEO of the Company, Kent Lam as Secretary am and Celia P. Rivera as Treasurer.
MetaSwarm Holdings, Inc. is headquartered in California and is focused in the information technology industry. MetaSwarm specializes in personal and commercial information assurance solutions, including anti-fraud, anti-spam, and relationship analysis solutions for the Internet e-commerce markets. Specifically, MetaSwarm products provide applications for message management, message and website validation, and message and website analysis for email, cell phone text messaging (SMS), instant messaging (IM), and web pages.
Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995:
Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company's actual results, performance and achievement in the future to differ materially from forecasted results, performance, and achievement. These risks and uncertainties are described in the Company's periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company's plans or expectations.