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INTOUCH INSIGHT LTD. ANNOUNCES A DEFINITIVE AGREEMENT TO ACQUIRE THE ASSETS OF CLEARPOINT SOLUTIONS US, LLC BASED IN ATLANTA, GEORGIA
INTOUCH INSIGHT LTD. ANNOUNCES A DEFINITIVE AGREEMENT TO ACQUIRE THE ASSETS OF CLEARPOINT SOLUTIO...
About this update from Intouch Insight Ltd.
[{"type":"text","content":"\n\n\n\n INTOUCH INSIGHT LTD. ANNOUNCES A DEFINITIVE AGREEMENT TO ACQUIRE THE ASSETS OF CLEARPOINT SOLUTIONS US, LLC BASED IN ATLANTA, GEORGIA\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n OTTAWA, ON\n \n\n ,\n \n\n June 16, 2025\n \n\n /CNW/ - Intouch Insight Ltd. (Intouch or the Company) (TSXV: INX) (OTCQX: INXSF) announced today that it has entered into a definitive agreement, for an initial cash payment of USD\n \n $250,000\n \n , to acquire all assets of ClearPoint Solutions US, LLC (ClearPoint), a merchandising company specializing in in-store services such as merchandising and re-branding since 2022. The definitive agreement was executed today. Subject to customary closing conditions, the acquisition is expected to close on\n \n July 3, 2025\n \n .\n \n\n \"This acquisition represents an exciting opportunity to accelerate and de-risk our continued expansion into the merchandising market,\" stated\n \n Cameron Watt\n \n , President & Chief Executive Officer of Intouch. \"ClearPoint has successfully navigated its formative years and, with the right strategic direction and support, is primed for substantial growth. Led by\n \n Sam Hersey\n \n , who brings over 25 years of extensive experience in the retail industry, we're thrilled to welcome both a robust team and established revenue streams that will enhance our merchandising business.\"\n \n\n The acquisition's purchase price combines an initial cash payment of USD\n \n $250,000\n \n upon closing with contingent payments based on a share of future operating profits in the merchandising business over a four-year period post-closing. The initial cash outlay will be covered by Intouch's existing cash reserves. ClearPoint is at arm's length to Intouch, and no finder's fees will be paid by Intouch. Following the closing, ClearPoint President\n \n Sam Hersey\n \n will continue with Intouch in his leadership role in the merchandising business.\n \n\n \"My decision to sell the assets of ClearPoint was thoughtful and deliberate. I am confident the synergies with Intouch will enable...