CHICAGO -- (BUSINESS WIRE) -- JNS Holdings Corporation (OTC Markets Group: JNSH) today announced that JNS has filed a freedom of information request and received said information from the City of Chicago pertaining to an existing grant agreement. The company has made this request as part of its intense due diligence as it readies itself to tender an unsolicited offer to take over and complete said agreement in its entirety.
The referenced agreement pertains to the stalled electrical vehicle power stations that were awarded to San Diego based 350Green, LLC in February of 2011 with a targeted completion date for the end of the same year. To date 350Green, LLC has installed only 168 of the 274 EV chargers from the existing grant agreement and has stopped work due to financial issues.
JNS Power & Control Systems, Inc. an Arlington Heights, IL based contractor www.jnspower.com with extensive experience within the local market will make the unsolicited offer to 350Green, LLC within the next 10 business days to acquire their entire rights of the agreement so that the project can be brought to fruition.
“We believe that this is not only the future for energy independence we also believe the biggest limitation for drivers considering EV’s is the absence of a reliable network,” said Brian Howe, CEO.
About JNS Holdings Corporation:
JNS Holdings focuses on building solid growth for our investors and shareholders through expansion of our core businesses while seeking additional strategic opportunities. The company's current capitalization is Total Authorized Shares of 122,000,000 with a Public Float of 63,504,182.
This press release does not constitute an offer of any securities for sale. This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements involve certain risks and uncertainties that could cause actual results to differ. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.