AlphaPoint Technology, Inc. (OTCPK:APPO) entered into a letter of intent to acquire Home Bistro Inc. from Dinewise, Inc. (OTCPK:DWIS) on July 3, 2017. The letter of intent contains a binding confidentiality provision. If after a period of due diligence all terms and conditions are agreed and conditions to closing are met, definitive agreements would be executed, and Home Bistro would become a wholly owned subsidiary of AlphaPoint.

The letter of Intent is non-binding and may be terminated by either party at any time. The transaction is subject to completion of the due diligence review and customary closing conditions, and is anticipated to close on or about September 15, 2017. If Closing occurs as anticipated, these transactions could be dilutive to existing shareholders.