Replies to post #8811 on rbid.com inc (RBDC)

[Komando Robot]

RBID.com, Inc. Acquires Profitable Company

NEWPORT BEACH, Calif.--(BUSINESS WIRE)--RBID.com, Inc. (Pink Sheets:RBDC - News) has acquired GLA International, Inc., a profitable and rapidly-growing distributor of health and nutrition products. GLA is now a 100% wholly-owned subsidiary of RBID.com, Inc. The acquisition was structured in a way that resulted in no dilution of ownership for RBID shareholders. GLA’s existing management team will continue to run the day-to-day operations of the subsidiary, with RBID providing funding, management oversight, and additional resources as needed. Further details will be released within the next few days.

RBID CEO Alan Rothman commented, “We believe that RBID’s acquisition of GLA International, Inc. is our most important achievement since the company’s inception. This acquisition adds significant value to the company by giving us immediate entry into the highly lucrative health food and direct sales industries with a company that is already profitable and a product line that is both unique and timely. We are committed to providing the management oversight and additional capital that will allow GLA to grow more quickly and escalate its impact in the marketplace.”


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http://finance.yahoo.com/news/RBIDcom-Inc-Acquires-bw-14908409.html



Going much higher IMO


I know you guys read this but I just wanted post again for any new people and just quickly highlight the good stuff.