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Unisource Signs Binding Letter of Intent to Merge With ActivePoint
Unisource Signs Binding Letter of Intent to Merge With ActivePoint.
About this update from Unisource Corp
[{"type":"text","content":"\nUnisource Signs Binding Letter of Intent to Merge With ActivePoint \n\nUnisource Signs Binding Letter of Intent to Merge With ActivePoint\n\n\n MIAMI, FL--(Marketwired - December 17, 2015) - Unisource Corporate Corporation (OTCQB: USRC) has announced that the Company has signed a binding Letter of Intent to merge with ActivePoint, a global leader in digital marketing and sales solutions including: sales and marketing material automation, digital inventory management and logistics control, as well as e-catalog development and customer targeting. ActivePoint has operations in North America, Europe, the Pacific basin, as well as Israel.The Letter of Intent paves the way for the Merger to be completed in January 2016, and is subject to the completion of due diligence and regulatory/shareholder approvals. Terms of the Merger, and combined revenue financials will be disclosed via an Information Statement which will be issued upon the ultimate closure of the Merger.As part of the Merger, Ofer Moshe, Chief Executive Officer of ActivePoint, will be named as the new Chairman and CEO of Unisource. Jordan Serlin, current Chairman and CEO of Unisource, will step into an advisory role reporting directly to Mr. Ofer. \"When I joined Unisource in 2013, I told shareholders that we would rapidly expand the company while achieving annualized profitability within 24 months and we exceeded that goal,\" stated Jordan Serlin, Chairman of Unisource. \"Now, in conjunction with ActivePoint, we will be able to expand internationally in one bold step. The Unisource family is excited and looking forward to working with the entire ActivePoint team on this rapid acceleration, as one company.\"\"Unisource has done an excellent job in creating a solid foundation for growth, and we couldn't ask for a better partner for our mutual continued expansion,\" stated Ofer Moshe, Chief Executive Officer of ActivePoint. \"Our teams have already started working together for seamless integration, with 2016 set for significant revenue enhancements for the combined company.\" For additional information on Unisource please visit www.unisourcecorp.com\nor call +1 (561) 228-5181.\n About Unisource \n Unisource, (OTCQB: USRC), a global transportation and logistics management company, aggregates third-party logistics (3PL) service companies as well as cloud-based logistic a...