AtmanCo Announces the Signing of a Letter of Intent in Relation to the Acquisition of Fly Conseils Inc.
27 Mai 2014 - 2:00PM
Marketwired
AtmanCo Announces the Signing of a Letter of Intent in Relation to
the Acquisition of Fly Conseils Inc.
MONTREAL, QUEBEC--(Marketwired - May 27, 2014) - AtmanCo Inc. («
AtmanCo » or the « Company ») (TSX-VENTURE:ATW) leader and
innovator in web psychometric test solutions for recruitment,
organizational development and talent measurement within companies,
announces that they have signed a letter of intent with Fly
Conseils Inc. in order to acquire all of its shares.
Fly Conseil inc. is a strategic web agency specializing in
search engine optimization and performance measurement in order to
help companies develop through thorough planning, creative ideas,
and implantation of web strategies and attaining performance
objectives.
The letter of intent regarding this non-brokered private
placement predicts a purchase price of 300 000$, by means of
payment of 100 000$ in cash, 1 000 000 shares at a deemed price of
0.20$ and 600 000 stock options at the minimum price of 0.30$, the
total payable over 3 years. This letter of intent was approved by
the AtmanCo board of directors and the executive committee at Fly
Conseils Inc.
« This acquisition adheres to our digital marketing strategy
that allows us to strengthen our activities on the web. This will
help us grow our market outside Québec, especially in the United
States, with our establishment underway in the Silicon Valley in
California" declared Michel Guay, President and CEO of AtmanCo.
« Through this acquisition, we will benefit from a team of
experts and strategists that will be rapidly promote our solution
in a way that will attract new clients by the web, optimize the
potential of our current clientele and increase our revenues by
maximizing our investments online. This acquisition will act as the
company's second pillar in relation to our objectives. Moreover,
this will also reduce our subcontracting expenses in marketing by
investing within our own company» he concluded.
The closing of this transaction between AtmanCo and Fly Conseils
Inc (both parties being at arm's length) is subject to certain
conditions including satisfactory due diligence done by AtmanCo on
Fly Conseils Inc. and obtaining approval by regulatory
authorities.
ATMANCO'S PROFILE
Field of human resources
Using a management interface (Web platform) that is among the
most advanced, AtmanCo helps executives and managers recruit
qualified human resources by placing the right person in the right
position.
By quickly obtaining results of psychometric tests, comparing
profiles to job norms and generating complementarity reports,
managers are equipped throughout their human resources
processes.
The Company stands out in its marketing approach via its
Website, direct sales and partner network. For further information,
visit www.atmanco.com
The TSX Venture Exchange and its Regulatory Services provider
(as per meaning assigned to this term in TSX Venture Exchange's
policies) bear no liability as to the relevance or accuracy of this
press release.
Source :AtmanCo Inc.Edith BourgeoisCFO514.935.5959 ext
304www.atmanco.com
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