Aluf Holdings Inc (AHIX)

[Geaux2Guy]

Press release out

https://www.aluf.com/aluf-holdings-inc-signs-definitive-agreement-to-acquire-colotraq/

Aluf Holdings, Inc. Signs Definitive Agreement to Acquire COLOTRAQ

HOLLYWOOD, FL / PR NEWSWIRE / April 10, 2019 / Aluf Holdings, Inc. (“AHIX”) (“the Company”) (OTC PINK: AHIX) announced today that it has signed a definitive agreement to acquire Interaqt Corporation, d/b/a COLOTRAQ. The transaction is conditioned on customary closing conditions; however, closing is expected on or before April 30, 2019.
Headquartered in Parsippany, New Jersey, COLOTRAQ is the foremost global sourcing advisory firm and master agency for data center infrastructure services and owner/operator of an industry-first cloud-based software, DCITRAQ, which allows clients, or their representatives, to easily source Cloud, Colocation and Connectivity and Cybersecurity services through COLOTRAQ’s direct agreements with over 400 vendors worldwide.

Teresa McWilliams, Aluf Holdings Interim President & CEO, commented: “The market position and technological strength of COLOTRAQ will make this acquisition significant to our long-term growth strategy with a particular focus on IT Infrastructure, Data Center and Cloud Services. COLOTRAQ has a 20-year proven track record of providing high performance solutions and support services to multinational corporate enterprises and government agencies. We believe that the completion of this acquisition will be beneficial both for Aluf and Interaqt and for their employees, customers, and shareholders.”

Dany Bouchedid, Founder & CEO of COLOTRAQ, added: “This is by far the most exciting and transformative event of COLOTRAQ’s 20-year history. The fact that we will continue to operate as COLOTRAQ with the same great team but have access to far more resources than ever before will really help us scale and expand quickly to meet the challenges of better serving our clients and channel partners.”