In-Touch Survey Systems Ltd. announces the acquisition of NCI Mobility of Chicago

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[{"type":"text","content":"\n\n\n\nOTTAWA, Aug. 28 /CNW Telbec/ - In-Touch Survey Systems Ltd. ("In-Touch"\nTSX-Venture: INX) today announced that it will acquire NCI Mobility LLP\n("NCI") of Chicago, IL. Both NCI and In-Touch provide mobile data capture and\nbrand research programs to Fortune 5000 business-to-consumer companies in the\nUnited States.\n\n\nThe acquisition aligns with In-Touch's strategy of leveraging its\ninvestment in the development of a comprehensive data collection, data\nmanagement and reporting system for enterprise customers. In-Touch will add\nNCI's customer base, which includes companies such as Bacardi, General Motors,\ncrocs, MillerCoors and British Petroleum to their own, and will realize\nimmediate economies of scale from consolidating operations.\n\n\nNCI assets will be acquired for 1,222,000 common shares of In-Touch and\nthe payment of NCI's accrued accounts payable liabilities. These accounts\npayable amounts may be negotiated downward with suppliers which would lower\nthe purchase price accordingly. The cash amount, to a maximum of $750,000,\nwill be paid over three years contingent upon meeting monthly revenue targets\nto ensure profitability before payment. In-Touch will retain NCI's marketing\nand sales staff in NCI's Chicago office, adding an office to In-Touch's US\norganization. In-Touch will consolidate research and development and\noperations at its Ottawa facility to improve profit margins and optimize\ncurrent operational resources.\n\n\nWe are excited at the prospect of providing a broader and deeper array of\ndigital marketing solutions to our valued customers and partners. We view this\nalignment as a means to enhance our current offering, providing our clients\nwith the most technologically advanced products and services to meet and\nexceed their event, engagement and CRM goals", said David Perlmutter, Senior\nVice President, NCI.\n\n\n"Over the past three years In-Touch has been building its data collection\nsolutions for the marketing, sales and operations departments of\nbusiness-to-consumer companies. The NCI acquisition validates our investment\nin a scalable technology platform which allows us to easily add the NCI\ncustomers and revenue and eliminate over 60% of their operational costs. NCI\ncustomers will have immediate access to the broader range of products and\nservi...

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