ALCL intent to acquire 100% of the shares of Textraw, Inc.

Atlas Capital Holdings Inc. (Pink Sheets: ALCL) (OTCBB:ALCL) (the "Company") entered into a letter of intent to acquire 100% of the shares of Textraw, Inc. a Florida corporation that engineers and distributes an environmentally-friendly “green” synthetic ground cover manufactured from recycled materials composited from common landfill items.

“We are very excited about this first acquisition in the area of green products and services. Pursuant to our GreenTech business strategy, our plan is to announce additional acquisitions within the next few weeks that are complementary to and synergistic with the manufacturing of alternative green products and services,” stated Peter Klaich, COO of Atlas Capital Holdings, Inc.
Textraw was idealized in 2000 as a way to recreate pine straw while making use of unrecyclable materials. After 3 years of consistent research and development, the company patented its process and began generating revenue in 2003. Textraw is a sterile, eco-friendly, and long-lasting replacement ground cover that does not fade, crumble, or attract insects. Textraw utilizes its “disruptive technology” to further shrink the pine straw market: for every one bale of Textraw used the traditional pine straw mark is curbed by 8 bales.
The purchase price for these interests is expected to be $3,000,000, and will be paid in some combination of cash and Company stock as agreed upon by the parties prior to closing. The consummation of this transaction is subject to a number of customary pre-closing conditions.