LVSG - A synopsis of the Jan. 25 acquisition news:
This week is #3 since that JAN. 25 news release, which predicted execution of asset purchase agreement within 3 weeks, as stated below!:
"We expect these discussions to continue towards the execution of an asset purchase agreement within the next three weeks...."
The numbers...
"Global has had an independent evaluation and the assets have a replacement cost of $3.2M USD dollars."
The near? future:
"This service offering could not only double or triple VOXBOX's revenue potential but also increase VOXBOX's appeal as a possible future takeover target by a VoIP competitor."
Possible expansion!:
"The asset purchase agreement we are negotiating and the management contract will include an option for LIVESTAR and VOXBOX to use Global's resources to 1) assemble further wireless infrastructure in 5 other major Canadian cities that represent a replacement cost of $20.0M and 2) to secure other wireless infrastructure in the United States as VOXBOX advances to a more established operational and growth level."