NuLife Sciences Inc. announced today that it has received authorization to change its name to Gulf West Security Network Inc. The company has also applied to change its stock symbol to GWSN. Final approval of that action is still pending, and will not be implemented until after the company’s reverse stock split. Until then, the company will trade under the ticker symbol NULF-D with the D to be removed 20 business days after the enactment of the reverse.
Louis J. Resweber has been named chairman, president and CEO of Gulf West, and the company relocated its corporate headquarters from Newport Beach, Calif., to Lafayette, La.
According to Resweber, Gulf West’s board of directors had originally applied to the Financial Industry Regulatory Authority and the U.S. Securities & Exchange Commission for authorization to execute its planned reverse split, name change and ticker change shortly after its recent merger with LJR Security Services Inc., which was announced on Aug. 9 and closed on Oct. 8.
Gulf West’s shares will begin trading under its temporary symbol immediately, and its nine digit Committee on Uniform Security Identification Procedures number will change to 40258R105. Gulf West plans to apply for an up-listing to the NASDAQ Stock Market.
“This summer and fall have been a period of dramatic change and positive transformation for our company, as we have worked to implement an evolution from the life sciences to the life safety and security industries,” said Resweber. “Indeed, Gulf West is now fully immersed in the electronic security sector, on both a retail and a wholesale basis.”
Gulf West’s retail division is engaged in the hands-on design, engineering, sales, installation, after-market servicing, inspection and remote electronic monitoring of electronic intrusion alert, fire detection and medical response systems for both the residential and commercial markets.
The company’s wholesale division continues to focus on the development and expansion of its proprietary alliance of pre-existing and independently branded life safety and property protection providers, fire alert and fire suppression system installers, remote monitoring and video surveillance specialists, home automation designers, commercial system integrators, structured wiring professionals and electrical contractors.
“Operating under our new name, we are now poised to aggressively pursue emerging merger and acquisition opportunities in the domestic security sector,” said Resweber. “Indeed, in just the short time since we first announced our company’s strategic change of direction, we have already generated tremendous interest in our products and services among those independent security and fire alarm providers which constitute our target market.”
Resweber reported that Letters of Intent have already been secured with two independent life safety and security companies, and initial negotiations are underway with a handful of additional providers.