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Friday, January 26, 2018 7:41:25 AM
" DLT Resolution to acquire 80% of fast growing Canadian start-up A.J.D. Data Services Ltd."
" LAS VEGAS, NV - (NewMediaWire) - January 25, 2018 - DLT Resolution Inc. (OTC: DLTI), a blockchain technology and data services company providing distributed ledger technology that currently services the healthcare and telecommunications industries, is pleased to announce the acquisition of an 80% interest in A.J.D. Data Services Ltd.
The acquisition is part of a tax free share for share exchange which will see DLT Resolution issuing 525,000 restricted common shares on closing and an additional 3,675,000 shares upon meeting the following milestones:
* 1,050,000 Shares upon A.J.D. Data Services reaching $500,000 in gross sales
* 1,050,000 Shares upon A.J.D. Data Services reaching $1,000,000 in cumulative gross sales
* 525,000 Shares upon A.J.D. Data Services reaching $1,500,000 in cumulative gross sales with $100,000 in pre-tax earnings
* 525,000 Shares upon A.J.D. Data Services reaching $2,000,000 in cumulative gross sales with $150,000 in pre-tax earnings
* 525,000 Shares upon A.J.D. Data Services reaching $2,500,000 in cumulative gross sales with $200,000 in pre-tax earnings
Based on the current run rate, management expects the majority of these milestones to be reached within fiscal 2018. In compliance with the Exchange Act, the shares will be issued under applicable exemption from registration and will contain substantial resale restrictions. An audit and valuation on A.J.D. Data Services are expected to commence shortly and a Super 8k will be issued upon completion of same.
"In addition to the tremendous experience and aggressive growth that A.J.D. Data Services brings to our company, Blockchain integration is the natural progression for the data service industry. We feel the cross-pollination of our companies can leverage tremendous growth in the near future," said John S. Wilkes, President of DLT Resolution Inc.
About A.J.D. Data Services Ltd.
- A one-stop-shop resource for secure data management solutions.
Founded in December 2017 by 40 year industry veterans, A.J.D. Data Services recorded sales of CAD $127,000 in its first two weeks of operations. The founders, the Darbyson brothers, bring more than 70 years of combined industry experience of leading secure data service management in Canada and recently the USA. Its clients represent some of the country's top businesses from a variety of sectors. Focused on document imaging, telemarketing, data entry, document management and all other back-end functions, A.J.D. Data Services customers can expect excellent and friendly service, innovative equipment and technology, rock-solid security and cost-effective solutions. The demand for A.J.D. Data Services continues to grow. Companies that have invoices, ledgers, statements, applications, surveys, employee and customer rewards programs, applications and a wide range of other non-core functions all benefit from data management. "
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