Solar Thin Films, Inc. acquires quality Resource Technologies, Inc.
As of the Closing Date, the Company acquired approximately ninety-five (95%) percent of the QRT Shares. The Company contemplates receiving the approval of the balance of the QRT Stockholders within 30 days after the Closing Date.
STF intends to arrange to raise a total of $5,000,000 pursuant to the sale of newly issued STF Common Stock; a minimum of $2,000,000 to be raised within 60 days after the Closing Date and the balance to be raised within 150 days after the Closing Date.
STF shall have three operating divisions as follows: (1) an operating division developing patent container technology for the shipping industry, (2) an operating division for building hurricane housing initially in the Caribbean and subsequently throughout the World and (3) an operating division focused on renewable energy.