Diversified Resources Inc. (OTCPK:DDRI) entered into an agreement to acquire Ultra-Energy Solutions and Vinco Logistics, LLC for $6.6 million in stock on December 23, 2015. As part of consideration, Diversified Resources agreed to pay approximately 18.86 million restricted common stock of Diversified Resources. Ultra-Energy Solutions and Vinco Logistics, LLC will operate as wholly-owned subsidiaries of Diversified Resources Inc. and are not expected to experience any change in management, operations, policies or business practices.

The transaction is subject to completion of due diligence and audit requirements and is expected to close in first quarter of 2016.