Falcon Technologies, Inc. (OTCPK: FLCN) signed a letter of intent to acquire Pro-Tech Flooring from Pro-Tech Industries, Inc. (OTCBB: PTCK) on July 31, 2010. The transaction is subject to the conditions of a definitive agreement. The final terms of the definitive agreement are in the process of being finalized and the management expects the completion of the sale by August 31, 2010. Falcon Technologies, Inc. (OTCPK: FLCN) cancelled the acquisition of Pro-Tech Flooring from Pro-Tech Industries, Inc. (OTCBB: PTCK) on February 23, 2012.