VCLD 0.01 JACKPOT HERE! NEWS 09/04/2014 COMPANY SOLD FOR $12M
VERECOULD (VCLD) SOLD FOR $12M; BOOOOOOOOOOMMMM
Datatec Subsidiary Acquires Assets Of Verecloud For USD12 Million LONDON (Alliance News) - Datatec Ltd said Thursday that its subsidiary, Westcon Group, has ... Alliance News 4 September, 2014 | 8:54AM Email Form LONDON (Alliance News) - Datatec Ltd said Thursday that its subsidiary, Westcon Group, has acquired the assets of US-based Verecloud Inc in a USD12 million deal. The international information and communications technology group said Westcon has acquired the assets of Verecloud, a developer of a channel distribution platform for cloud and services solutions, in a consideration that will be settled in three tranches. The first tranche consists of the allotment of 1,998,831 ordinary ZAR 0.01 shares. The second and third tranches are dependent on a number of conditions and will become payable one and two years after the transaction date, respectively, said the company. Following completion of the acquisition, the Verecloud platform will be incorporated into Westcon's 'cloud solutions practice' and form the foundation for its cloud go-to-market solution which is designed to help resellers drive significant revenue from cloud-enabled services. "Verecloud enables Westcon to bring powerful channel-optimized cloud solutions and services distribution capabilities to the market. Over the past 18 months, they have co-developed a truly differentiated cloud go-to-market capability. They are well positioned to leverage the potential that cloud has for technology vendors, and for resellers to broaden their service solutions," said Datatec CEO Jens Montanana. Verecloud's cloud services platform aggregates cloud solutions and services and acts as a brokerage providing businesses with complete access and control of all their cloud applications from one portal. Shares in Datatec were Thursday morning trading 0.98% higher at 307.98 pence per share. By Alice Attwood; aliceattwood@alliancenews.com; @AliceAtAlliance Copyright 2014 Alliance News Limited. All Rights Reserved. - See more at: http://www.morningstar.co.uk/uk/news/AN_1409817298492729200/datatec-subsidiary-acquires-assets-of-verecloud-for-usd12-million.aspx#sthash.8JnC2IGc.dpuf
FRCN Firemans Contractors Announces New Franchise Website
The New Website is Just Part of a Greater Push for FC Franchise Sales
Fort Worth, Texas / ACCESSWIRE / September 2, 2014 / Firemans Contractors Inc. (OTCQB: FRCN) is pleased to announce that we have launched our franchise website for Firemans Contractors. We are pleased with the success of our initial franchisees, and now have a proven franchise model that can be expanded more rapidly and responsibly as we move forward. This new website is just one of our efforts to expand franchise sales for Firemans Contractors.
Renee Gilmore, Chairwoman and Chief Executive Officer, stated, "The franchise web portal positions us to actively seek and attract new franchisees that align with our vision and values. We want to be a first responder in connecting with a potential franchise buyer."
This new portal offers the opportunity for those shopping for a franchise to get franchise information sent to their inbox within seconds of filling out the sign-up form. More importantly than that, it gives Firemans Contractors immediate notice of someone’s interest so we can reach out and talk to that person right away.
About Firemans Contractors:
Firemans Contractors, Inc. (FRCN) is a Franchisor and full-service General Contractor providing professional services for commercial and government clients, focused on developing Business to Business Franchise Opportunities throughout the United States. Its services include Road Improvements, Pavement Maintenance, Seal Coating, Parking Lot Striping, Pavement Marking, Asphalt Maintenance and Repair, and ADA Compliance. Firemans Contractors brings a professional value system delivering outstanding results through honorable customer relationships and repeat business. Local firefighters are supported by a portion of profits which are donated to local Firefighter Associations. Firemans Contractors is a proud member of the Franchise Association (IFA) and The Veteran Transition Franchise Initiative (VetFran). As a member, Firemans Contractors is expanding through franchise development, aimed to assist the Company in expanding its market share. As a franchisor, the Company will provide franchisees with training and support, including the proprietary Firebase™ software platform, which is included along with other business tools and training for new franchisees of Firemans Contractors.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this press release. Additional information respecting the factors that could materially affect the Company and its operations are contained in its annual report on Form 10K and Form 10-Q as filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statement.
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