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techisbest

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techisbest

Re: techisbest post# 823

Thursday, 08/08/2019 9:44:08 AM

Thursday, August 08, 2019 9:44:08 AM

Post# of 859
Sorry, didn't see this morning's news release.

"BioLife Solutions Completes Acquisition of SAVSU Technologies

...

Roderick de Greef, BioLife Chief Financial Officer, stated, "We issued 1.1 million common shares to purchase the 56% of SAVSU we did not own. We expect a modest revenue contribution for the balance of 2019 of approximately $500,000. However, we believe that based on the successful conclusion of evaluations currently underway, which are expected to be finalized in the fourth quarter, the evo system product line could add $4 million to $6 million of incremental revenue in 2020"

https://finance.yahoo.com/news/biolife-solutions-completes-acquisition-savsu-120500996.html

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