EX-99.1
5
f8k081216ex99i_nacglobal.htm
PRESS RELEASE
Exhibit 99.1
NAC Global Technologies Completes
Business Combination with Swiss Heights Engineering, Which Holds 100% of Bellelli Engineering Group and Petrochem Industrie Group.
Jacksonville, FL -- August 18,
2016 -- NAC Global Technologies, Inc. (OTCBB: NACG) (NAC) announced today that on August 12, 2016 it closed the business combination
with Swiss Heights Engineering S.A. (SHE) of Lugano, Switzerland, a company that owns 100% of the Bellelli Group of companies
and 100% of Petrochem Industrie Group of companies. The former shareholders of SHE received, in the aggregate, 69.5% of the issued
and outstanding shares of NAC's common stock, 92.6% of NAC's common stock on a fully-diluted basis (including outstanding
warrants) and 95.75% on a fully-diluted basis excluding outstanding warrants (other than the warrants issued to the former shareholders
of SHE). SHE became a wholly-owned subsidiary of NAC and vastly expands NAC's business size and scope, with company management
projecting pro forma consolidated 2016 calendar year revenues, including for SHE for pre-closing periods, to exceed $30 million
USD. The business combination extends NAC's engineering and manufacturing capabilities into the energy, chemical and petrochemical
markets while increasing its facilities locations to include Italy, Switzerland, Columbia, Mexico, United Arab Emirates, as well
Houston, Texas. In connection with the closing, NAC also moved its headquarters from Jacksonville, Florida to Houston, Texas.
In connection with the closing
of the business combination with SHE, Mr. Antonio Monesi, President of the Bellelli Group, has been appointed as a director and
the President of NAC. Mr. Filippo Puglisi, President of the Petrochem Industrie Group, has been appointed as a director and the
Chief Financial Officer of NAC. Mr. Vincent Genovese continues to serve as a director and the CEO of NAC. Mr. Edward Haversang
remains a director of NAC, and Ms. Rita O'Connor resigned as a director of NAC at the closing of the business combination.
Mr. Vincent Genovese commented, "From our first conference call, we recognized the value and the potential of the combined
companies' synergies. We believe our collective experience and resources will accelerate the company's growth, particularly
in the Americas, while the vertical integration of product develop, systems engineering, manufacturing provide a strong competitive
advantage across the globe".
Detailed information regarding the closing of the business combination with SHE and related
ancillary documents and board and officer appointments will be made available by NAC in a Current Report on Form 8-K to be filed
by NAC with the Securities and Exchange Commission on or about the date of this press release.
About
Swiss Heights Engineering
Swiss
Heights Engineering SA is a company that currently holds certain valued and synergistic oil and gas manufacturing businesses,
including 100% of the equity interests of Petrochem Industrie S.r.l., Proteam TPS S.r.l. and Lotus S.r.l., and a controlling interest
in the Bellelli Engineering Group of companies and affiliates. For more information, please visit: http://www.petrochemindustrie.it/
About
Bellelli Engineering
Bellelli
Engineering primarily designs and supplies process plants and equipment for the Oil and Gas industry, ranging from oil and gas
field production facilities to treatment/refining. Additionally, Bellelli offers consulting services, supply of individual process
units and/or the renovation of old plants for upstream, midstream and downstream markets. For more information, please visit:
http://www.bellellieng.com
About
NAC Global Technologies
NAC
Global Technologies is an engineering services, R&D, and manufacturing company. Through its wholly owned subsidiary, NAC Drive
Systems, harmonic gearing technology is marketed to the automation, robotics, energy, and defense industries. For more information,
please visit: http://www.nacglobaltechnologies.com
Forward-looking
Statements
This
release contains or may contain "forward-looking statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements, which contain words such as "expect", "believe", "projects",
"estimates" or "plan", by their nature address matters that are, to different degrees, uncertain. These
uncertainties may cause actual future events to be materially different than those expressed in our forward-looking statements.
We do not undertake to update our forward-looking statements, except as required by applicable law.
Contact: Vincent Genovese,
CEO, 904-493-6496

EX - 99 . 1 5 f8k081216ex99i _ nacglobal . htm PRESS RELEASE Exhibit 99 . 1 NAC Global Technologies Completes Business Combination with Swiss Heights Engineering , Which Holds 100 % of Bellelli Engineering Group and Petrochem Industrie Group . Jacksonville , FL -- August 18 , 2016 -- NAC Global Technologies , Inc . ( OTCBB : NACG ) ( NAC ) announced today that on August 12 , 2016 it closed the business combination with Swiss Heights Engineering S . A . ( SHE ) of Lugano , Switzerland , a company that owns 100 % of the Bellelli Group of companies and 100 % of Petrochem Industrie Group of companies . The former shareholders of SHE received , in the aggregate , 69 . 5 % of the issued and outstanding shares of NAC 's common stock , 92 . 6 % of NAC 's common stock on a fully - diluted basis ( including outstanding warrants ) and 95 . 75 % on a fully - diluted basis excluding outstanding warrants ( other than the warrants issued to the former shareholders of SHE ) . SHE became a wholly - owned subsidiary of NAC and vastly expands NAC 's business size and scope , with company management projecting pro forma consolidated 2016 calendar year revenues , including for SHE for pre - closing periods , to exceed $ 30 million USD . The business combination extends NAC 's engineering and manufacturing capabilities into the energy , chemical and petrochemical markets while increasing its facilities locations to include Italy , Switzerland , Columbia , Mexico , United Arab Emirates , as well Houston , Texas . In connection with the closing , NAC also moved its headquarters from Jacksonville , Florida to Houston , Texas . In connection with the closing of the business combination with SHE , Mr . Antonio Monesi , President of the Bellelli Group , has been appointed as a director and the President of NAC . Mr . Filippo Puglisi , President of the Petrochem Industrie Group , has been appointed as a director and the Chief Financial Officer of NAC . Mr . Vincent Genovese continues to serve as a director and the CEO of NAC . Mr . Edward Haversang remains a director of NAC , and Ms . Rita O'Connor resigned as a director of NAC at the closing of the business combination . Mr . Vincent Genovese commented , " From our first conference call , we recognized the value and the potential of the combined companies ' synergies . We believe our collective experience and resources will accelerate the company 's growth , particularly in the Americas , while the vertical integration of product develop , systems engineering , manufacturing provide a strong competitive advantage across the globe " . Detailed information regarding the closing of the business combination with SHE and related ancillary documents and board and officer appointments will be made available by NAC in a Current Report on Form 8 - K to be filed by NAC with the Securities and Exchange Commission on or about the date of this press release . About Swiss Heights Engineering Swiss Heights Engineering SA is a company that currently holds certain valued and synergistic oil and gas manufacturing businesses , including 100 % of the equity interests of Petrochem Industrie S . r . l . , Proteam TPS S . r . l . and Lotus S . r . l . , and a controlling interest in the Bellelli Engineering Group of companies and affiliates . For more information , please visit : http://www.petrochemindustrie.it/ About Bellelli Engineering Bellelli Engineering primarily designs and supplies process plants and equipment for the Oil and Gas industry , ranging from oil and gas field production facilities to treatment / refining . Additionally , Bellelli offers consulting services , supply of individual process units and / or the renovation of old plants for upstream , midstream and downstream markets . For more information , please visit : http://www.bellellieng.com About NAC Global Technologies NAC Global Technologies is an engineering services , R & D , and manufacturing company . Through its wholly owned subsidiary , NAC Drive Systems , harmonic gearing technology is marketed to the automation , robotics , energy , and defense industries . For more information , please visit : http://www.nacglobaltechnologies.com Forward - looking Statements This release contains or may contain " forward - looking statements " within the meaning of the Private Securities Litigation Reform Act of 1995 . Forward - looking statements , which contain words such as " expect " , " believe " , " projects " , " estimates " or " plan " , by their nature address matters that are , to different degrees , uncertain . These uncertainties may cause actual future events to be materially different than those expressed in our forward - looking statements . We do not undertake to update our forward - looking statements , except as required by applicable law . Contact : Vincent Genovese , CEO , 904 - 493 - 6496