REAC Group Inc. (REAC)

[Clermont]

Could this be a buyout?

I was doing a little of digging and I found this article:


ORLANDO, Sept. 27, 2011 /PRNewswire/ -- Information Architects Corporation (OTCQB: IACH) announced today that the company has signed a letter of intent to acquire Real Estate Contacts, Inc., a company organized under the state of Florida and located at 240 Windsor Ridge #36 New Castle, PA 16105.
Real Estate Contacts, Inc. is an online real estate advertising, marketing and real estate video company that offers real estate professionals the opportunity to reach consumers interested in buying or selling property in their respective geographic area. Real Estate Contacts, Inc.'s main web site "www.RealEstateContacts.com" comprises of more than two thousand contacts. Robert DeAngelis is the Founder, President and Executive Officer of Real Estate Contacts, Inc. Mr. DeAngelis brings to the company over 20 years of successful business development and management experience along with a strong diverse background of sales, financial and internet experience. Mr. DeAngelis is responsible for running the overall day to day operations of the company, the overall vision, direction as well as the sales and marketing for the company.
"The Automated Customer Care's online customer relationship management system (CRM), which fulfills the basic needs of businesses large or small, combined with the online presence of Real Estate Contacts, Inc., will be a unique and a rare occurrence," comments Roland Breton, President of IACH. "The possibilities of obtaining the amount of exposure Information Architects Corp. will attain from this combination will be immeasurable."
ACC is a full vertical integration 'one stop' for customer database, customer telephony and customer email, while Real Estate Contacts, Inc. is a full service one stop shopping portal for any consumer to connect to a local real estate professional. The closing of the acquisitions of ACC, along with LOI to acquire Real Estate Contacts, Inc. will be a great asset to IACH.
Robert DeAngelis, President of Real Estate Contacts, Inc. adds that "the addition of Real Estate Contacts, Inc. to IACH will promote IACH through their company's vast marketing technologies, with their extensive lead generation and marketing techniques. The amalgamation of Real Estate Contacts, Inc. and ACC, within IACH will be exceptionally complementary."

I noticed the 2,000 contacts, that was 3 years ago. I'm sure the numbers are much larger today with the website up and running. Could there be a acquisition on the horizon? Then I found this this SEC filing

SEC Filings for Real Estate Contacts Inc.
Getting Started with SEC Filings
Filing Date Document Date Type Category Amended
01/22/2014 N/A SC 13G/A Institutional Ownership *


It's appears a investor or hedge funds by the name Typenex Co-Investment acquired 105,864,650 shares in January. Who is Typenex Co-Investment? I found this about the CEO of Typenex Co-Investment.


This is the President of Typenex Co-Investment, LLC

In which invested in MWIP providing the loan:

John Fife, Managing Partner, 50, founded Chicago Venture Partners as the principal investor and Managing Partner in 1998. A lifetime entrepreneur, John has founded and successfully managed several small businesses. Prior to founding CVP, he was an Assistant Vice President at Continental Illinois Venture Corporation (CIVC), a leveraged buyout subsidiary of Continental Illinois bank, where he played a key role in the identification, evaluation and monitoring of control investments in four portfolio companies. These four companies were subsequently sold for proceeds representing an IRR of 35%. John served as CIVC’s representative on the board of directors of each of the four companies. After leaving CIVC, John made personal investments in at least 17 privately held companies. Prior to attending graduate school, John was a consultant at Oracle Corporation for three years. John serves on the boards of directors of six technology companies and one retail concern. John received a MBA from the Harvard Graduate School of Business and dual undergraduate degree in statistics and computer science from Brigham Young University.

Are we in the midst of a buyout?