AlphaPoint Technology, Inc. (OTCBB:APPO) signed a non-binding letter of intent to acquire Peniel Solutions LLC And SL Powers LLC on May 6, 2014. The letter of intent contains a binding confidentiality provision. The transaction completion is dependent on if after a period of due diligence all terms and conditions are agreed and conditions to closing are met and definitive agreements are executed. Peniel Solutions and SLP Powers will become wholly owned subsidiaries of AlphaPoint Technology. The acquisition would be dilutive to AlphaPoint Technology. The letter of intent expired on August 6, 2014. As of August 11, 2014 AlphaPoint Technology will not be pursuing the acquisition of SLPowers, however, AlphaPoint is continuing with ongoing negotiations with Peniel Solutions LLC.

AlphaPoint Technology, Inc. (OTCBB:APPO) cancelled the acquisition of Peniel Solutions LLC And SL Powers LLC on May 6, 2015.