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[Press Release] – North Arc Capital is pleased to announce that they have acquired the Project 321 brand and bicycle hub related assets from JLSO, Inc. Project 321 is the industry leader in high-engagement, magnetic-pawl mountain bike hubs.   Project 321, Inc. (“Project 321”) is a newly-formed, stand-alone entity that was incorporated to complete this acquisition. North Arc has a proven history of building businesses based on innovative, highly-engineered products with specific expertise in Wire EDM fabrication, CNC machining and complex assembly processes. These capabilities will be leveraged to give Project 321 significant capacity on day one. “This acquisition is

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