Green Energy Enterprises, Inc. (OTCPK:GYOG) executed a letter of intent to acquire 51% stake in BEO STIs inc. for $0.27 million in stock on March 8, 2016. Under the terms of the agreement, Green Energy Enterprises, Inc. will acquire 51% of BEO-ITS, Inc. in exchange of 17 million shares of restricted common stock of Green Energy Enterprises. The deal is expected to close in April, 2016. Green Energy Enterprises determined the acquisition is not in the best interest of shareholders on June 30, 2016. Green Energy Enterprises, Inc. (OTCPK:GYOG) cancelled the acquisition of 51% stake in BEO STIs inc. on June 30, 2016.