DALLAS, TX — (Marketwire) — 08/15/11 — Hidenet Secure Architectures, Inc. (PINKSHEETS: HIDE) announces that the Board of Directors of HIDE and Locate 1 Plus, Inc. decided to terminate the letter of intent to acquire 100% of Locate1Plus and not complete the acquisition.
Also, Walter Stock tended his resignation as a Director and CEO and President of HIDE effective August 12, 2011.
ABOUT LOCATE1PLUS
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Locate1Plus strives to deliver the best in Theft Recovery and Vehicle Monitoring while giving the customer personal control and awareness. Loate1Plus now offers “LiveTrack,” the latest in tracking technology, which allows the user to have a “live” visual of the vehicle moving across the map. For more information about Locate1Plus- “Live Track,” please visit .
Forward-Looking Statements Disclosure
This press release includes “forward-looking statements” within the meaning of the federal securities laws, commonly identified by such terms as “believes,” “will,” “looking ahead,” “anticipates,” “estimates” and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company-s projections and expectations are disclosed in the Company-s filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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Hidenet Secure Architectures, Inc.
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