EZRaider Global, Inc. Announces Letter of Intent to Merge with E-Waste Corp
Seattle, WA - (NewMediaWire) - June 02, 2021 - EZRaider Global, Inc. (“EZRaider” headquartered in Seattle, Washington) is pleased to announce the signing of a binding Letter of Intent (LOI) with E-Waste, Corp. (“E-Waste”) (OTC: EWST) dated May 25, 2021, pursuant to which EZRaider will acquire EZ Raider, LLC, a Washington limited liability company; and the rights to acquire DS Raider, Ltd., an Israeli company (“DS Raider”). EZRaider Global, Inc. will also complete a bridge financing transaction for up to $3,000,000 in its securities, and consummate a reverse merger transaction with E-Waste and E-Waste’s subsidiary (the “Reverse Merger”), resulting in EZRaider becoming a wholly-owned subsidiary of E-Waste.
As agreed by the parties, E-Waste wired $2,000,000 to EZRaider to enable EZRaider, among other things (a) to commence an audit of EZ Global and EZ Raider; (b) to renegotiate the closing date for the acquisition of DS Israel and (c) to fulfill its obligations under the definitive purchase agreement for such acquisition. The parties anticipate that the closing date of the Reverse Merger will be on or before July 31, 2021, subject to applicable closing conditions including final due-diligence, signing a definitive merger agreement, completion of the bridge financing, and the completion of audited financials by EZRaider.
“This is the next significant step in EZ Raider’s commitment to becoming a leading international manufacturer in the Electric Vehicle (EV) market,” stated Mozy Azarzar, CEO of EZRAIDER Global, Inc. “We look forward to entering public markets and to taking advantage of the many opportunities that a public listing affords the Company and its shareholders.”
About EZRAIDER Global, Inc
EZRAIDER is a proprietary electric vehicle platform that comes in 2wd, 4wd and 6wd options when combined with the ECART trailer. It was originally developed in Israel for military troop mobility in the field and has since become available to governments and consumer markets in numerous countries, including the US.
When paired with accessories, EZRAIDER vehicles are competitive for a wide variety of uses including urban commuting & errands, agriculture, off-road work and adventure, search and rescue, fire, security, military, enhanced mobility for disabled persons, golf, tourism, hunting, fishing, camping, facilities maintenance, micro-deliveries and more. EZRAIDER GLOBAL is located near Seattle, Washington.
Learn more at
E-Waste is a publicly traded shell corporation quoted on the OTC Markets Pink tier.
EZRAIDER GLOBAL INC.
Safe Harbor Statement
This press release has been prepared by EZRAIDER GLOBAL INC. (“EZ”) for informational purposes only and not for any other purpose. Nothing contained in this press release is, or should be construed as, a recommendation, promise or representation by the presenter or EZ or any officer, director, employee, agent or advisor of EZ. This presentation does not purport to be all-inclusive or to contain all of the information you may desire. Information provided in this video presentation speaks only as of the date hereof.
This press release contains express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Specifically, forward-looking statements within the meaning of the Safe Harbor include statements concerning: future financial performance; projections on market share and market growth; future market opportunities; EZ's products and technology and their expected performance characteristics, specifications and specific uses; and anticipated new product offerings and features. Actual results or trends could differ materially from those contemplated by these forward-looking statements. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements. Forward-looking statements speak only as of the date the statements are made and are based on information available to EZ at the time those statements are made and/or management's good faith belief as of that time with respect to future events. EZ assumes no obligation to update forward- looking statements to reflect events or circumstances after the date they were made, except as required by law.
This press release also may contain estimates and other statistical data made by independent parties and by us relating to market size and growth and other data about our industry. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. In addition, projections, assumptions, and estimates of our future performance and the future performance of the markets in which we compete are necessarily subject to a high degree of uncertainty and risk.