News Column


July 30, 2014


On July 28, 2014, our company filed a Form 8-K announcing that we had entered into a letter of intent with Kollagenx Corporation. We are filing this Form 8-K/A to amend the description of the share exchange terms as set out below.

On July 16, 2014, our company signed a letter of intent with Kollagenx Corporation pursuant to which, if the intent of the letter of intent is carried out, our company will issue 10,000,000 shares of our common stock to Kollagenx Corporation in exchange for 100% of the outstanding stock of Kollagenx Corporation.

On July 17, 2014, our board of directors approved an agreement and plan of merger to merge with our wholly-owned subsidiary KollagenX Corp., a Nevada corporation, to effect a name change from Integrated Electric Systems Corp. to KollagenX Corp. Our company will remain the surviving company. KollagenX Corp. was formed solely for the change of name.

Articles of Merger to effect the merger and change of name were filed with the Nevada Secretary of State on July 22, 2014, with an effective date of July 23, 2014.

The amendment is currently being reviewed by the Financial Industry Regulatory Authority ("FINRA"). We will announce the completion of the FINRA review and the effectiveness of the amendment on the market by filing a Current Report on Form 8-K.

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Source: Edgar Glimpses

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