How is today's "news" different from "news" previously released? Still sounds like "fixin to get ready to."
And HOW is AHIX going to fund a $3.57M purchase?
HOLLYWOOD, FL / ACCESSWIRE / March 9, 2016 / Aluf Holdings, Inc. (PINKSHEETS: AHIX) today updates its shareholders on the previously announced acquisition of Triad Biometrics, LLC. and the launch of its new Regulatory Compliance Software subsidiary. Teresa McWilliams, CEO of Aluf Holdings Inc. states, "We are pleased to be making such strides in bringing value to our shareholders with these acquisitions and felt the need to update our shareholders on its current milestones. We feel these acquisitions finally put us closer in the direction we need for up listing to a higher exchange."
Aluf Holdings is working towards completing the next phase of its acquisition of Triad Biometrics, LLC and has completed a satisfactory due diligence of Triad Biometrics which have simultaneously completed a satisfactory due diligence of Aluf Holdings.
Both companies completing the due diligence phase brings them closer towards the completion of the acquisition. Pursuant to the terms of the Purchase Agreement, the Company will pay Triad US$3,750,000 for the Assets.
HOLLYWOOD, FL / ACCESSWIRE / August 20, 2015 / (WAFR) (the “Company”) today announced that it has entered into a Letter of Intent (LOI) to acquire assets consisting of intellectual property from a biometric software innovator formed in 2004, whose software products include “undefeatable” FIPS 140-2 Suite B military grade encryption, among other ground breaking features. COREwafer Industries is a holding company engaged in acquiring, operating and managing subsidiary companies in the development and sale of superior proprietary software.
HOLLYWOOD, FL / ACCESSWIRE / November 12, 2015 / Aluf Holdings, Inc. (AHIX) today announced that it has reached a Joint Venture Agreement with Vanderbilt Bonds. Vanderbilt Bonds will provide up to $5 million USD in financing to acquire the Biometric IP assets which will be transferred into its new operating entity, Aluf Biometrics, Inc.
HOLLYWOOD, FL / ACCESSWIRE / December 30, 2015 / Aluf Holdings, Inc. (PINKSHEETS: AHIX) today announced that it has entered into a definitive agreement with Triad Biometrics, LLC, a biometric software innovator formed in 2004, to acquire its assets consisting of intellectual property and software products including "undefeatable" FIPS 140-2 Suite B military grade encryption, among other ground breaking features. This announcement stems from the previously reported LOI that Aluf Holdings, Inc. signed with Triad Biometrics on August 20th.
HOLLYWOOD, FL / ACCESSWIRE / February 8, 2016 / Aluf Holdings, Inc. (PINKSHEETS: AHIX) today announced an update to investors and shareholders. The company is due to close on the previously announced Joint Venture Agreement with Vanderbilt Bonds shortly, enabling the acquisition of Triad Biometrics IP assets. Upon closing, the Biometric IP assets will be transferred into its new operating entity, Aluf Biometrics, Inc.
HOLLYWOOD, FL / ACCESSWIRE / February 25, 2016 / Aluf Holdings, Inc. (AHIX) today provided a shareholder update on the previously reported LOI to acquire software assets. On February 9, 2016, the Company entered into a non-binding Letter of Intent for the purchase of intellectual property which consists of a software program and all intellectual property rights related thereto. A definitive agreement is currently under review by corporate council. Subject to the acceptance of a definitive agreement, closing is expected to take place during the first quarter in 2016.
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