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Re: None

Saturday, 03/26/2016 11:58:53 AM

Saturday, March 26, 2016 11:58:53 AM

Post# of 10375
The revenues of the aquisition of AIS will be seen in the 1st qtr. results.

I think it was a good deal financially:

The total consideration given by Cemtrex to the shareholders of AIS was approximately $7,500,000 with $5,000,000 in cash, $1,500,000 in a seller's note, and $1,000,000 in the form of 315,458 shares of Cemtrex restricted Common Stock. The Company worked with a local bank to finance the cash consideration and working capital part of the transaction. AIS averaged approximately $23 million in annual revenue and $2.4 million in annual normalized EBITDA over the two calendar years 2013 and 2014.
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