AtmanCo Announces Signature of a Letter of Intent for the Acquisition of VuduMobile
Momentum Public Relations
Press Release: August 16, 2017
AtmanCo inc. (“AtmanCo” or the “Company”) (TSX VENTURE:ATW) announces today the signature of a letter of intent for the acquisition of all of the outstanding shares of VuduMobile Inc. (“VuduMobile”).
VuduMobile in a well-established company in the text messaging business for enterprises through its unique, user-friendly and bilingual test messaging application et turnkey solution allowing management of text message management programs in all kind of businesses. Among others, VuduMobile was recently awarded a contract with Régie de l’Assurance Maladie du Québec following a tendering process for SMS alert services for appointments in Quebec medical clinics.
The letter of intent contemplates a purchase price of $600,000 and is subject to certain adjustments. No commission is payable and no change of control will result.
“We are proud to come to an agreement with VuduMobile on this strategic acquisition that would allow us to consolidate our position in the fast-growing text messaging and mobile marketing business, improve the quality of our products and our text messaging technologies as well as adding up to our team expertise in this promising market,” said Michel Guay, President and CEO of AtmanCo.
The closing of this transaction between AtmanCo and VuduMobile, which are dealing at arm’s length, is conditional among other things on AtmanCo carrying out a satisfactory due diligence on VuduMobile, obtaining financing with size, terms & conditions to be determined and obtaining all necessary regulatory approvals. Closing of the transaction is expected on or about October 31, 2017
AtmanCo (TSX VENTURE:ATW) is a leader in information technology, owner of several web platforms including VoxTel, Québec Rencontres, Atman and Bloomed. VoxTel offers various interactive landline and mobile phone solutions, as well as carrier billing and SMS features. Quebec Rencontres is a web and mobile social network application catered to building serious and sustainable relationships. Atman and its APIs enable companies to optimize their human capital. Bloomed is a cloud-based platform to manage data (smart data) on consumers and their behaviors, which is developed for marketing agencies and their campaigns for the consumer and corporate markets.
Founder, president and CEO
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Simon Bedard, CA, CPA, CFA, MBA
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