All parties have agreed to fast-track the joint venture operating agreement and move to complete all remaining legal documentation to close the acquisition. The Company anticipates concluding contractual and final closing steps within the next week. At that time the Company will announce details of the acquisition, including additional information regarding the new subsidiary.
The Company fully intends to provide all needed resources to help its new business line to grow rapidly and effectively. As a five-year-old, established firm with popular products and services, this new subsidiary anticipates the immediate expansion of its customer base and revenues. The resources of
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Cautionary statement for purposes of the 'Safe Harbor' provisions of the Private Securities Litigation Reform Act of 1995: Information in this news release contains forward-looking statements that involve risks, uncertainties, and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of the Company and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Risks, uncertainties, and assumptions include the execution and performance of contracts by the Company and its customers, suppliers, and partners.
The Company disclaims any obligation to update or revise statements contained in this news release based on new information or otherwise.
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