ITNS>>>Buys are coming in fast right now. First of the several new acquisitions happened today. Float only 15 million.
Itonis Announces OTC Current Status and First Company Acquisition
Itonis (PC) (USOTC:ITNS)
Intraday Stock Chart
Today : Monday 6 June 2011
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Itonis, Inc. (PINKSHEETS: ITNS) (the "Company") is announcing today that it has attained current tier status at OTC Markets and that it has acquired Performance Mortgage Group, Inc. ("PMG"), which is a full service consumer financial marketing network, also offering consumer financial back-end processing services. PMG does business under its trade-name of Performance Financial Systems.
Under the Company's new executive team, it has moved diligently to become current at OTC Markets which will greatly benefit the Company's shareholders.
PMG is the first of many acquisitions to come. The newly acquired subsidiary, PMG, is run by CEO and founding Director, Shar Pourdanesh, former NFL football player turned businessman / entrepreneur. Since 2008, PMG has built a network of over 1900 affiliate companies across the United States, offering marketing consultation, product training and affiliate development through a series of workshops and live events. PMG affiliates are trained in developing business in five focus areas: Consumer Debt Resolution, Consumer Tax Resolution, Consumer Real Estate Mortgage Modification, Consumer Credit Repair, and Consumer Real Estate Mortgages. PMG's ability to train its affiliates in all five spaces affords it the flexibility to adapt to market changes, as well as to add new financial products as market demands shift.
In addition to bringing a substantial base of over 1900 affiliates, PMG also brings to Itonis a healthy balance sheet that includes $973,587 in active accounts receivables.
"We at Itonis are excited and proud to announce our first of several acquisitions. We have been working hard behind the scenes with Shar and his team to finalize this deal, and today we're proud to announce that it's complete. We feel strongly that we've made the right choice in the purchase of Performance, and look forward to growing revenue and delivering value to Itonis' shareholders as a result," said Steve Pidliskey, Itonis Vice President.
Additional information about Performance Mortgage Group, Inc. can be found on PMG's company website at http://performance3g.com.
Additional information about Itonis, Inc. can be found on the Company's website at www.itonisholdings.com.
Questions about today's announcement can be directed to office@itonisholdings.com.
About Itonis, Inc.
Itonis, Inc. (the "Company") was incorporated under the laws of the state of Nevada on July 5, 2005 under the name of Kenshou, Inc. Subsequently, its name was changed to its present name, Itonis, Inc., on December 2, 2005.
The Company operates as a holding company and is undergoing a transformation in 2011 to embark upon an aggressive plan to acquire high growth entrepreneurial companies that have established or are expected to establish themselves as leaders and/or successful enterprises in various market niches.
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