Aluf Holdings Inc (AHIX)

[Slojab]

Products and Services:

Software Development and Sales:

The Company develops and manages software, technology and cyber security companies as subsidiaries, through strategic acquisitions. To this, the Company has launched a very intensive campaign to target multiple strategic partnerships, business and software asset acquisitions and will rapidly develop a robust portfolio of technology assets over the next several years, allowing us to increase strategic partnerships, market share and profitability.
The Company has selected a number of potential candidates in order to enable the success of this software and technology vertical; however, there are currently no products being sold.
On July 27, 2015, the Company entered into a Non-binding Letter of Intent to acquire the assets of a biometric software innovator formed in 2004. On October 10, 2015, the Company formed a new operating entity, Aluf Biometrics, Inc., for this acquisition. The price and terms are currently being renegotiated therefore the acquisition will likely close the second or third quarter of 2017, provided the Company and Sellers are able to reach a new agreement.
On March 18, 2016, the Company entered into a software acquisition agreement to acquire all right, title, and interest in and to a certain computer program and documentation which will be marketed as “software-as-a-service”, a web-based system that provides an easy way for the customer’s compliance officers to identify and resolve potential violations or problematic areas under the rules of compliance. This acquisition is expected to close in January 2017.
On September 3, 2016, the Company entered into a Non-binding Letter of Intent to acquire all of the capital stock of a developer of hardware independent biometric processing software and leading provider of software development services as a subcontractor to major corporations. The Company concentrates on the design and development of large custom systems such as high volume message switches, large database systems, and the automation of large clerical systems. They also provide management consulting services to produce feasibility studies, procurement documents, special studies associated with automation or communications, and assisting customer staff in the development of automated systems. Under the terms of the Letter of Intent the definitive purchase agreement must be fully executed on or before October 31, 2016 with a closing date of December 15, 2016, subsequently extended to January 31, 2017.