EVIO Inc (EVIO)

[Jeff SR]

Very good news indeed, a couple of highlights:

Mr. Waldrop finished up by stating, "This particular business is already working with ORELAP towards state accreditation so that was a positive sign for us, but there are four other key factors we take into consideration when deciding whether to acquire an existing lab. One is how well the existing management team will blend in with our existing team and begin contributing to the organization. We feel confident and frankly very excited about having this particular group join us and we feel that this one will also be a seamless transition. Two is the level of experience, ethics and integrity as viewed by their existing clients, of which they received multiple positive reviews. Three is opportunity for revenue growth and cost savings, both of which can be realized through this acquisition. And four is the passion of the employees and culture of the organization. They’re all just good people; hard working and passionate about what they do. This move is a win-win for all parties involved, including our shareholders. We will have more to come on this transaction very soon.”

IMO, this will not just be a multi day runner but as news comes out this will be a multi month/year runner.