Digerati Technologies, Inc. (OTCBB: DTGID) (OTC: DTGID) completed its acquisition of Waste Deep, Inc., and its two well established oil field services operating subsidiaries on November 26, 2012.
In connection with the acquisition, Digerati Technologies, Inc. will be changing its name to HD Energy Services, Inc., moving its headquarters to Houston, Texas, and changing the composition of its board of directors to better reflect its current business plan.
John Howell, chairman and CEO, said, “The acquisition of Waste Deep with its operating subsidiaries Hurley Enterprises, Inc. and Dishon Disposal, Inc. provides a great basis for enhancing current shareholders’ value. We are currently in the process of doing PCAOB audits of the operating subsidiaries as part of the due diligence. When we complete these audits, we will file the audits in an 8K in order to provide the basis for filing a registration statement for an American Equity Fund equity line of $100,000,000 to fund capital investments for our operating subsidiaries and future acquisitions. When the company has qualified initial due diligence financial statements, we will provide initial, non-audited, summary information as part of press releases associated with the company.
Digerati Technologies, soon to be renamed HD Energy Services, is a diversified holding company with operating subsidiaries in the oil field services industry and the cloud communications industry. The company’s websites are available at http://hdenergyservices.com and http://www.digerati-inc.com.