MVC Technologies Inc. acquired all assets of Med-Eval, Inc. for $6.2 million on December 19, 2017. Under the terms of the transaction, MVC Technologies Inc. paid $2.5 million in cash, $2.5 represented by a promissory note payable by December 19, 2018 and 4.88 million shares of shares in MVC Technologies Inc. valued at $1.22 million (CAD 1.57 million). In addition, shares in MVC Technologies Inc. contingent upon MVC Technologies Inc. achieving from the operations acquired a revenue of $10 million or more with a profit margin of at least 25%, within 12 months of the closing date, will be issued. MVC Technologies Inc. completed the acquisition of all assets of Med-Eval, Inc. on December 19, 2017.