BROOKLYN, N.Y., Sept. 16, 2014 (GLOBE NEWSWIRE) -- Perk International Inc. (OTCBB:PRKI), (the "Company" or "Perk") is pleased to announce it anticipates to close the acquisition of Tech 9 Inc. on or about October 15, 2014 (it has signed a Letter of Intent (or "The Agreement") to acquire 100% of the outstanding common shares of Tech9 Inc. (or "Tech9") (www.Tech9.ca) a fully integrated, Canadian based, Digital out of Home ("DOOH") management, deployment and now advertising firm on July 15, 2014). Also, Tech9 Inc. is pleased to announce the first stage of convenience store (C-store) contract with ND Media Sales Inc.
Tech 9 Inc. has completed its May 31, 2013 audit and is awaiting the completion of its May 31, 2014 audit and quarter ending August 31, 2014 Financial Statement. Upon completion both Perk International Inc. and Tech 9 Inc. will execute the Share Exchange Agreement and complete the acquisition, which is expected to occur on or about October 15, 2014. Tech 9, Inc. will be a 100% wholly owned subsidiary of Perk International Inc..
The contract with ND Media Sales Inc. will see Tech9 deliver the first 80 complete digital platforms for activation October 4, 2014, throughout some of the most traveled retail corridors in Toronto. The details of the contract include everything from the physical supply and installation of hardware, to the ongoing management of the network for 10 years. The first stage of the contract is valued at over $500,000.00 with reoccurring management fees. Rob Delvallet, President of ND Media Sales Inc., states "the selection of Tech9 to build out our new model for C-Store positioning, is just the beginning of our relationship. The team at Tech9 have proven to be more than just a supplier of hardware and services. They are our part and parcel of our growth model that should exceed over 500 locations in Canada and throughout North America. Robert J. Oswald, Tech9's President and soon to be President of Perk International, stated: "Having been awarded this contract adds significantly to our model. The new vertical for C-store deployment strengthens our retail positioning for our 360 degree approach for digital out of home solutions." He adds, "The market for the Tech9's approach is still very fresh in the minds of most retailers who are now just beginning to add display based content to their marketing mix."
About Tech9 Inc.:
Tech9 is a value added channel partner and reseller of commercial grade hardware (Media PC's, Monitors & Accessories) along with digital signage software. Tech9 has an interactive e-commerce site and is the recommended partner for several software developers. Tech9 has established strategic relationships in place with major manufactures. These include; Samsung, LG, NEC, Comtronics, Eye In Media, ScreenScape and host of others.
Tech9 provides national deployment and system management throughout North America for the digital out of home marketplace. Tech9 installs turnkey platforms, creates content and remotely manages networks on behalf of third parties in a multitude of verticals. These include; Health Care, Automotive, Financial and Retail among others.
About Perk International Inc.:
Perk International Inc. was incorporated under the laws of the State of Nevada on April 10, 2013. The Company plans to become an e-commerce marketplace that connects merchants to consumers by offering daily discounts on goods and services through our website located at www.usellisave.com. Our corporate headquarters are located at 2470 East 16th Street, Brooklyn, NY 11235, but we plan to launch our business throughout the Greater Toronto Area.
Forward Looking Statements:
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