Microlog Announces Closing of Acquisition of NutraBev Holdings International, Inc.
(firmenpresse) - BETHESDA, MD -- (Marketwired) -- 07/24/13 -- Microlog Delaware Corporation (PINKSHEETS: MLOG) (the "Company") announced today that it has completed its previously announced acquisition of NutraBev Holdings International, Inc. ("NutraBev"). NutraBev becomes a wholly owned subsidiary of the Company in exchange for preferred stock of the Company.
The Company has also completed the spin-out of its wholly-owned Maryland-based software subsidiary, Microlog Corporation of Maryland ("Microlog Maryland").
"We are pleased to announce the completion of these two important transactions for our Company," said David Sackler, CEO of the Company. "We look forward to aggressively building the Company, both through acquisition and organically over the coming quarters. We plan to focus on the natural and nutritional foods space, leveraging our first acquisition which we completed in May."
This release may contain forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other factors, which may cause the actual results, performance, or achievements of NutraBev, Microlog, or Microlog Maryland to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. We undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements.
:
David Sackler
CEO
(516) 513-5113
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Datum: 24.07.2013 - 06:00 Uhr
Sprache: Deutsch
News-ID 1248274
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