ENGLEWOOD, Colo.--(BUSINESS WIRE)--CET Services, Inc. (OTCBB:CETR) today announced it has entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) with BioMedical Technology Solutions, Inc., (“BMTS”) based in Englewood, Colorado. Upon closing of the merger BMTS would become a wholly owned subsidiary of CET. Shareholders of BMTS would receive shares of CET common stock in exchange for their BMTS shares. The Merger Agreement further provides that at closing CET would issue to the shareholders of BMTS a total of approximately 78,994,826 shares of CET common stock. CET would assume all of BMTS’s outstanding options, warrants and convertible debt, which convertible securities will become exercisable for CET common stock.
