Aluf Holdings Inc (AHIX)

[Slojab]

On September 3, 2016, the Company entered into a Non-binding Letter of Intent to acquire all of the capital stock of a developer of hardware independent biometric processing software and leading provider of software development services as a subcontractor to major corporations. The Company concentrates on the design and development of large custom systems such as high volume message switches, large database systems, and the automation of large clerical systems. They also provide management consulting services to produce feasibility studies, procurement documents, special studies associated with automation or communications, and assisting customer staff in the development of automated systems. Under the terms of the Letter of Intent the definitive purchase agreement must be fully executed on or before October 31, 2016 with a closing date on or before December 15, 2016, and subsequently extended to January 31, 2017

Now, it reads....

Under the terms of the Letter of Intent the definitive purchase agreement must be fully executed on or before October 31, 2016 with a closing date on or before December 15, 2016, and subsequently extended to January 31, 2017. This acquisition is expected to by the second quarter of 2017