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Empire Services, Inc. Denver-based MassRoots announced Wednesday it has executed a letter of intent with Empire to purchase all of its equity for $14 million in a primarily stock-based transaction. What It Means For MassRoots: MassRoots CEO Isaac Dietrich called the acquisition a new beginning and possibly transformative, enabling the company to generate significant revenue and positive cash flows from operations. Moreover, the transaction includes Empire s 10 operating metal recycling facilities in Virginia and North Carolina. Empire, which was established in 2002, expects to continue expanding its footprint in the upcoming quarters. Empire s revenue exceeded $20 million in the last two consecutive years. The company also reported net positive cash flows from operations in both the 2019 and 2020 fiscal years.

United statesNorth carolinaIsaac dietrichDanny meeksMassroots incEmpire services incEmpire servicesSeriesx preferred stockஒன்றுபட்டது மாநிலங்களில்வடக்கு கரோலினாஐஸ்யாக் டயட்ரிச்டேனி மீக்ஸ்பேரரசு சேவைகள் இன்க்பேரரசு சேவைகள்