Tuesday, May 16, 2017 10:32:37 AM
David McCovy, founder of Evolution, stated, "Evolution Travel generated sales in excess of $10 million and recruited several thousand members during 2016, our first full fiscal year. We created amazing momentum and are confident to double our sales for 2017. We are uniquely positioned to offer true opportunity to our direct sales partners and a piece of the $8 trillion travel industry. Based on becoming public through the acquisition by SITS, we will look to facilitate our acquisitions program in our three key industries: travel, entertainment, and health."
The LOI was executed on Friday, April 28, 2017 and is valid for 30 days and shall provide Evolution time to complete due diligence and documentation to complete the acquisition and assume control of SITS. When completed the company is expected to change its name and replace all existing directors, officers and management.
Sylvain Desrosiers stated, "We are very excited for the shareholders of SITS to provide this unique opportunity and value creation. We are working hard to complete the merger before May 19, 2017."
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