BROOKLYN, N.Y., Aug. 5, 2014 (GLOBE NEWSWIRE) -- Perk International Inc. (OTCBB:PRKI), (the "Company" or "Perk") is pleased to announce 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 ("DOH") advertising firm.
- Under the terms of the Agreement the Company will acquire 100% of the outstanding common shares of Tech9 in exchange for 70,000,000 restricted common shares of the Company.
- In connection with the transaction, current majority Shareholders will cancel 45,000,000 common shares of the Company leaving 100,086,668 shares outstanding of which 70% will be owned by Tech9 and 30% by the historical Shareholders of Perk.
The transaction would close pending satisfactory due diligence by both companies, which is to take place within 60 days of July 15th, 2014, and completion of a financial audit, as a regulatory requirement of Tech9 which is nearing completion. A definitive full agreement will follow if these requirements are met.
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, Sharp, MediaVue, Intel and Tech9 private label players.
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:
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.