OP.. I would think so by reading the MarketWire... Typically you have funds or funding in place before doing any of this...IMO.
We are in the process of negotiating the purchase of the first acquisition target and hope to announce a completed transaction before the end of the year. This acquisition does not currently compete in the club segment, but offers several related products that are sold through the same channels. We expect that our combined distribution networks would unlock new sales for both product lines.
A second acquisition has been identified and a Letter of Intent has been signed. Negotiations are on-going. Also in the golf industry, the second target has some very interesting technology and a strong following. We hope to leverage our collective distribution, and believe that the combination is again, stronger than the sum of the parts.
Of course, revenue and cash flow drives shareholder value, so our acquisitions are vetted carefully to assure that they have strong financials, and contribute strategically to the whole. We have a comprehensive acquisition strategy in place for the next 24-36 months.
