CYPRESS, TX, United States, via ETELIGIS INC., 02/09/2015 – – Costas Inc. (CSSI) (OTC Pink: CSSI) (PINKSHEETS: CSSI), and Incryptex Inc. have mutually agreed to terminate the previously announced letter of intent between them dated October 22, 2014. As a result of the termination Costas has returned the 33% of Incrytex Inc. shares it received and Incryptex has repaid an advance from Costas amounting to $120,000 in connection with the transaction.
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The risks and uncertainties referred to above include, but are not limited to: variability of operating results among periods; inability to retain or grow our business due to execution problems resulting from significant headcount reductions, plant closures and product transfer associated with major restructuring activities; the effects of price competition and other business and competitive factors generally affecting the EMS industry; the challenges of effectively managing our operations during uncertain economic conditions; our dependence on a limited number of customers; our dependence on industries affected by rapid technological change; the challenge of responding to lower-than-expected customer demand; our ability to successfully manage our international operations; and delays in the delivery and/or general availability of various components used in the manufacturing process. These and other risks and uncertainties and factors are discussed in the Company’s various public filings at http://www.sedar.com and http://www.sec.gov, including our Form 20-F and subsequent reports on Form 6-K filed with the Securities and Exchange Commission. Except as required by applicable law, we disclaim any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE: Costas, Inc.