Nevada holding corporation, All American Pet Company (OTCMKTS:AAPT) on September 20, 2021, announced finalizing and executing a Letter of Intent for the acquisition of a technology firm having a valuation of USD 200 million.
The company, pursuing acquisitions, has finished due diligence and management is satisfied with the conclusions in the interest of shareholders for moving forward with the acquisition. The firm has done execution of the binding letter of intent for acquiring 100% of outstanding shares of the firm, subject to relevant regulatory approval. The technology company is producing revenues and the management opines that there is a robust potential of the firm with the growth of 400% likely in the second year.
David Chong, newly appointed CFO, said that tremendous market research and due diligence has gone into sourcing, analysis as well as completion of the deal. He added that the company has tremendous confidence in the potential and the value it can bring to All American investors and shareholders. All American Pet Company has uploaded all the necessary financial statements and disclosures. In addition, it has also received an Attorney letter, giving PINK current status as on last week and being completely compliant with rule 15C2-11.
The All American Pet Company is an OTC Markets listed issuer and the ticker symbol “AAPT”.
