Clone Algo Technologies, Inc. Announces Execution of Definitive Merger Agreement with ECO Integrated Technologies, Inc. - Seite 2

Prior to the closing of the Merger, Clone Algo will effectuate a one for one hundred reverse split of Clone Algo's Common Stock such that there will be no more than 960,556 issued and outstanding post-split shares of Clone Algo. Prior to the closing of the Merger, ECO Integrated shall take all necessary corporate action to effectuate a one for two reverse stock split of ECO Integrated's outstanding common stock.

The description of the Business Combination contained herein is only a summary and is qualified in its entirety by reference to the Merger Agreement.

About Clone Algo Technologies, Inc.

Clone Algo Technologies, Inc. was originally incorporated on March 7, 2013 in Nevada under the name of TravelSafe, Inc. as a technology company and changed its name on September 24, 2014, to Clone Algo Technologies, Inc. Since January of 2021 the Company has been seeking to enter a business combination.

About ECO Integrated Technologies, Inc.

ECO Integrated Technologies, Inc. was originally incorporated in Delaware in July 2013 and was formerly known as Thunder Run Acquisition Corporation. In August 2014 it changed its name to ECO Waste Conversion Solutions Corporation and then following an additional name change it became ECO Integrated Technologies, Inc. in December 2014. ECO Integrated's environmental technologies boost corporate profitability by furnishing more efficient earth-friendly solutions. Through our wholly owned subsidiaries, ECO Integrated provides municipalities, industrial, commercial, residential, agricultural, and oil & gas operations with green products and services in the water conditioning, waste conversion, and water evaporation segments. https://www.ecoiti.com.

Forward-Looking Statements

This communication contains forward-looking statements regarding Clone Algo. You can generally identify forward-looking statements by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "explore," "evaluate," "intend," "may," "might," "plan," "potential," "predict," "project," "seek," "should," or "will," or the negative thereof or other variations thereon or comparable terminology. These forward-looking statements are based on each of the Clone Algo's current plans, objectives, estimates, expectations, and intentions and inherently involve significant risks and uncertainties, many of which are beyond Clone Algo's control. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements because of these risks and uncertainties and other risks and uncertainties affecting Clone Algo.