RELM Holdings Inc. Executes a Letter of Intent for the Acquisition of a Full Spectrum Information Technology Services and Support Company
WILMINGTON, DE--(Marketwire - November 30, 2009) - RELM Holdings Inc. (PINKSHEETS: RELM)
announced today that it executed a Letter of Intent (LOI) to acquire 100%
of the membership interests in a well established Delaware-based
Information Technology Service and Support company. Management noted that
the target company will remain undisclosed pending the execution of
definitive agreements per customary non-disclosure terms agreed on by the
parties. The Company, founded in the mid 1990s, provides high-quality
computer related support and integration services to its clients in the
legal, financial, educational, governmental and commercial markets in and
around Delaware. Revenues for 2009 are expected to reach $4,000,000.00.
With this transaction and the previously announced planned acquisitions,
Relm Technology Group's (RTG) annual technology revenues will exceed
$10,000,000.00. Management will provide consolidated p
November 30, 2009 | Filed Under
Mergers and Acquisitions Comments