Tri-Media Integrated Marketing Technologies Inc. announced today it has finalized a Letter of Intent (“LOI”) for the Acquisition of all the Issued and Outstanding Securities of ExtractX Incorporated.
extractX Inc. (www.extractX.com) a start-up started in June of 2018, is the manufacturer of Mobile Extraction Labs. extractX engineers the world’s most advanced commercial mobile extraction laboratories built to GMP standards; available to service growers and producers wherever and whenever the service is needed, onsite and on demand anywhere in the United States and Canada.
“The ability to combine Tri-Media’s executive’s innovative approaches, value proposition of strategic thinking and marketing and administrative expertise will allow us to expand into a high-growth market.,” said Albert Iannantuono, CEO & Founder of Tri-Media Integrated Marketing Technologies. “Our goal is to support efficient growth strategies by partnering with this technology driven business, in this new industry”
This acquisition will bring international intelligence, allowing extractX to confidently navigate its services, partnerships with growers and expansive growth.
“This creates the synergy both organizations wanted and sought. The mix of Tri-Media’s, experiences, knowledge and innovative approaches, combined with extractX’s unique capabilities, in a new and expanding global market, is greater than the sum of our individual efforts,” says Collin Stone, COO, extractX Inc.
The LOI is subject to a series of conditions, including without limitation, usual due diligence, all necessary and appropriate approvals, negotiation of the definitive agreement embodying the terms of the LOI, an order lifting the existing cease trade order against Tri-Media, and a conditional approval of a securities exchange for listing common shares of the resulting issuer.
Tri-Media (www.tri-media.com) has operated since 1986, building an innovative business. The firm over the years has delivered proven results to a channel of licensed agencies by providing a complete range of digital and web marketing solutions. These solutions included content management systems, digital marketing applications, e-commerce and online reservation tools, crisis communication, social-commerce and business intelligence tools.
Issued and outstanding capitalization as of October 16, 2013 prior to giving effect to the aforenoted transaction – 21,565,811 common shares.
No stock exchanges have reviewed or accepted responsibility for the adequacy or accuracy of the content of this press release. Certain statements contained herein constitute forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and 21E of the Exchange Act of 1934. Such statements include, without limitation, statements regarding business and financing, business trends and future operating revenues and expenses. Statements regarding the aforementioned are based on several assumptions and are not to be considered fact. Although Tri-Media Integrated Marketing Technologies Inc. believes that the statements are reasonable, it can give no assurances that such expectation will prove to be correct. Investors are cautioned that any forward-looking statements made by Tri-Media Integrated Marketing Technologies Inc. contain no guarantee of future performance and that actual results may differ materially from those set forth in the forward-looking statements. For additional information see the reports filed by the company in its securities filings with applicable securities regulators (currently available at www.sedar.com). Unless otherwise required by applicable securities laws, Tri-Media Integrated Marketing Technologies Inc. disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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Tri-Media Integrated Marketing Technologies Inc.