USA: American Resources To Merge With Mexico Apparel Manufacturer
American Resources and Development Company (OTC Bulletin Board: ADCO) today announced the signing of a letter of intent to merge with Royal Avalon S.A. De C.V., a Mexico based apparel manufacturer. Under terms of the deal, the newly merged entity will be renamed Royal Pacific Sourcing Company and will continue all present business activities as well as constructing new garment dyeing and printing facilities at Royal Avalon's manufacturing plants in Mexico.
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