Liberated Solutions, Inc. (OTCPK:LIBE) entered into a non- binding letter of intent to acquire Ngen Technologies USA Corp. from Clifford Rhee, Edward Carter, Peter Zimeri and Brian Conway on August 5, 2019. Liberated Solutions, Inc. entered into an agreement to acquire Ngen Technologies USA Corp. from Clifford Rhee, Edward Carter, Peter Zimeri and Brian Conway on August 22, 2019. The NGEN Shareholders shall exchange 100% of the equity interests in NGEN, which shall be transferred to Liberated, in exchange for the issuance to the NGEN Shareholders all shares of Series A Preferred Stock of Liberated. The transaction is subject to the satisfaction of customary conditions to closing, as shall be set forth in the Definitive Documentation, including satisfactory completion of NGEN’s due diligence review and the approval of the Board of Directors of each of NGEN, Greenfield and Liberated. The transaction is expected to be close on or before August 30, 2019.