Oncologix Tech Inc (OCLG)

[quarrydawg]

they mentioned the acquisition and the status thereof.

Erwin also noted, "We continue to work very closely with our lender on final due diligence and underwriting to close on a potential acquisition with an additional durable medical equipment company with annual revenues of approximately $9.8 million generating over $2.2 million in positive EBITDA. Although this has been a lengthy process, we are confident in our ability to move forward with the acquisition and also execute upon our continued acquisition and growth strategy to grow our annualized revenues to $25 million by year-end 2015 with positive EBITDA exceeding $2.6 million.

they did not mention the other acquisition they had said was possibly on the horizon though.