ValueRich, Inc. consummated a business purchase agreement to acquire Twin Vee, Inc. on February 1, 2015. ValueRich has given Twin Vee a non-refundable deposit. ValueRich will undertake a private placement to raise the necessary capital to close on the Twin Vee transaction on or before December 31, 2015. As on September 9, 2015, ValueRich entered into a business agreement with Twin Vee. Under the terms of the agreement ValueRich will invest in Twin Vee and assume senior management positions in Twin Vee with the goal of controlling ownership after achieving certain production and infrastructure investment milestones. Joseph Visconti and Tommy McLeod will join Twin Vee, Inc.

ValueRich, Inc. completed the acquisition of Twin Vee, Inc. on February 15, 2015. ValueRich changed its name to Twin Vee Powercats, Inc. on April 26, 2016.