Earth Alive Enters Into a Letter of Intent for the Acquisition of LFP Solutions

Earth Alive Enters Into a Letter of Intent for the Acquisition of LFP Solutions 
NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Earth Alive Clean Technologies Inc. 
CNSX SYMBOL:  EAC 
MAY 20, 2014 
Earth Alive Enters Into a Letter of Intent for the Acquisition of LFP Solutions 
MONTREAL, QUEBEC--(Marketwired - May 20, 2014) - Earth Alive Clean Technologies
(CSE:EAC) ("Earth Alive") is pleased to announce today that it has
signed a letter of intent to acquire Montreal-based and privately owned LFP
Solutions Inc. ("LFP Solutions") 
LFP Solutions is a leading Canadian distributor of organic growth-assisted
products for the agriculture industry. LFP Solutions services agriculture
clients, both at the retail and industrial levels under white labels, as well
as various brands and trademarks such as Gro4 Organics, SmartPots, CowPots, and
BigBlue sea based fertiliser. 
This acquisition will provide Earth Alive with a strategic market launch
platform for its patented microbial fertilizer and the combined entity of Earth
Alive and LFP Solutions will offer one of the largest selections of organic
inputs in Canada. The new product line up will continue to be marketed in
Canada, with a new emphasis and focus on sales to the worldwide agriculture
industry.  
As explained by the David Gilmour, Earth Alive's CEO ''This
acquisition will allow Earth Alive to realise three strategic components for
its agriculture business plan. These include an opportunity to gain immediate
access to an existing network of clients in the organic agriculture industry.
Secondly, it will broaden Earth Alive's product offering to this client
base, and thirdly, the merger will combine the expertise of seasoned LFP
executives with Earth Alive's management team for the organic agriculture
market." Michael Warren, LFP Solutions' Founder and President, will
now become Earth Alive's Executive Vice President of its Agriculture
business. ''I have full confidence that Michael's expertise and
knowledge of the business will allow him to bring our Agriculture division to
great success on international markets," Gilmour added. 
Terms 
Earth Alive will purchase all issued and outstanding shares of LFP Solutions in
consideration of $250,000 CAD and the issuance of common shares of Earth Alive
having an aggregate value of $750,000, the whole in accordance with a
definitive share purchase agreement to be entered into between Earth Alive and
the seller. The purchase price is payable in three tranches over a period of
two years, subject to the achievement of sales targets of agricultural
products.  
All shares issued pursuant to the share purchase agreement shall be subject to
a regulatory four (4) month hold period after each date of issuance. 
The proposed transaction is subject to CSE approval and standard closing
conditions, including the approval of the definitive share purchase agreement
by the directors of each of Earth Alive and LFP Solutions as well as the
completion of due diligence investigations to the satisfaction of both parties. 
About LFP Solutions 
LFP Solutions offers a variety of organic inputs for small and large growers,
both at the retail and industrial levels. All of LFP Solutions'
proprietary products are specialty products directed to the organic gardening
and farming sectors. A strong believer in the simple conviction that a healthy
and natural soil is essential to healthy and sustainable agriculture, Michael
Warren, the President and Founder of LFP Solutions states that
''joining Earth Alive will allow us to further establish our
leadership role in the supply of innovative and environmentally sustainable
farming products".  
About Earth Alive Clean Technologies 
Earth Alive aims to be a catalyst agent of change, and a key player, in world
markets of environmentally sustainable industrial solutions. Earth Alive works
with the latest innovations in microbial technology to formulate and patent
innovative products that can tackle the most difficult industrial challenges,
once only reserved to environmentally harmful chemicals and additives. The
company is focused on environmental sustainability in 1) dust control for the
mining industry, and 2) the agriculture industry. 
Earth Alive exports its products to various world regions to clients such
Barrick Gold, Areva S.A, Dundee Precious Metals, Southern Peru Copper
Corporation, Sol Melia and Iberostar Hotels, Caterpillar Corporation, the
Montreal Biodome, and others.  
The CSE has neither approved nor disapproved the contents of this press
release. The CSE does not accept responsibility for the adequacy or accuracy of
this release. 
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FOR FURTHER INFORMATION PLEASE CONTACT: 
Louis Graton
T: 514-249-3134
E: louis.graton@gmail.com 
INDUSTRY:  Agriculture - Farming, Chemicals - Specialty Chemicals, Environment
- Natural Resource Management, Manufacturing and Production - Mining and Metals 
SUBJECT:  TMN 
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-0- May/20/2014 16:09 GMT
 
 
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