Market & Research Corp. (fka MTRE)

[53chevy]

Market & Research Corp. (MTRE.BB) Signs New LOI
3 minutes ago - INW
MarketwireMarket & Research Corp. (the "Company") ("MRC") (OTCBB: MTRE), today announced that the Company has signed a Letter of Intent to acquire Carlene Data Collection, Inc. Gary Stein, President of the Company, commented, "Carlene Data Collection, Inc. ("Carlene") is a well established research firm based in Chicago, Illinois, and will expand our national exposure into the Midwest region, in addition to our previously announced agreements to acquire Precision Opinion, Aspen Media and InMarketing Group." He further added, "Carlene is a mall intercept data collection business that has 24 mall locations throughout 18 states. They also have test kitchens in several locations, in order to support the food industry."

Mr. Stein closed his remarks by stating, "Collectively, the four companies generated nearly $21M in total revenues for 2010 and all were significantly profitable. This confirms that the companies acquired will help insure MRC as a significant player in the research and data compilation market, as well as company incentive programs."

Further announcements of the Company's business plan will be provided as developments occur.