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| [January 23, 2013] |
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JNS Holdings Corporation Files Freedom of Information Request
CHICAGO --(Business Wire)--
JNS Holdings Corporation (OTC Markets Group: JNSH) today announced that
JNS has filed a freedom of information request and received said
information from the City of Chicago pertaining to an existing grant
agreement. The company has made this request as part of its intense due
diligence as it readies itself to tender an unsolicited offer to take
over and complete said agreement in its entirety.
The referenced agreement pertains to the stalled electrical vehicle
power stations that were awarded to San Diego based 350Green, LLC in
February of 2011 with a targeted completion date for the end of the same
year. To date 350Green, LLC has installed only 168 of the 274 EV
chargers from the existing grant agreement and has stopped work due to
financial issues.
JNS Power & Control Systems, Inc. an Arlington Heights, IL based
contractor www.jnspower.com
with extensive experience within the local market will make the
unsolicited offer to 350Green, LLC within the next 10 business days to
acquire their entire rights of the agreement so that the project can be
brought to fruition.
"We believe that this is not only the future for energy independence we
also believe the biggest limitation for drivers considering EV's is the
absence of a reliable network," said Brian Howe, CEO.
About JNS Holdings Corporation:
JNS HoldingsĀ focuses on building solid growth for our investors and
shareholders through expansion of our core businesses while seeking
additional strategic opportunities. The company's current capitalization
is Total Authorized Shares of 122,000,000 with a Public Float of
63,504,182.
This press release does not constitute an offer of any securities for
sale. This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements involve certain risks and uncertainties that
could cause actual results to differ. All forward-looking statements in
this press release are based on information available to the company as
of the date hereof, and the company undertakes no obligation to update
forward-looking statements to reflect events or circumstances occurring
after the date of this press release.

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