Walmer Capital Corp. announced it has entered into a letter of intent dated April 1, 2014 with RedBox Inc. and Trout Lake Corporation to complete an arm's length business combination transaction whereby Walmer will acquire the assets of Redbox and Trout Lake, which includes all of the issued and outstanding shares of Beresford Box Company Inc. and the active business of RedBox. Upon completion of the Proposed Transaction, management and the board of directors of Walmer will remain and will be augmented by the addition of Redbox's management: Raffi Azadian who will become President of Walmer, and up to four Directors nominated by Redbox and Trout Lake.