spec_trader, I don't believe it was in the news. But it was in their 10Q filing. I'll take a peek around and see if I can find anything more about Peck...
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Our strategy for acquiring existing businesses is to give our Company the revenue earned in the acquired entity and capital volume to be listed on the exchanges, as well as to maximize shareholder value. We believe that such acquisitions will allow us access to lower cost funding for future growth. In 2009, we targeted companies to acquire in the range of $1 million to $25 million in annual revenue. As stated earlier in this report, we had two companies under a Letter of Intent agreement. Comanche Livestock Exchange, LLC was acquired on July 24, 2009. The Company is continuing to review the financials and operations of Peck Electric to determine the best fit with the Business Plan as we move into 2010. The financial audit of Comanche Livestock Exchange, LLC was completed in the quarter ending June 30, 2009. These financials were filed in the 8K report on October 13, 2009. A decision about completing the second Letter of Intent acquisition will be made during the fourth quarter of 2009. We continue our proprietary prospecting system to seek other companies that are a good fit for our business plan. Please revisit our earlier filings for more information.
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