VillageWorld.com to Acquire Biometrics 2000
BOHEMIA, N.Y.
VillageWorld.com Inc., a designer and supplier of high-speed data networks, has reached an agreement in principle to merge with Biometrics 2000 Corp. (BIO), a developer of identification and security products. A letter of intent was signed by representatives from both companlies.
Terms of the agreement call for Villageworld.com to acquire 100 percent of BIO’s stock. In exchange, the shareholders of BIO are expected to be issued shares of the company’s common stock that will approximate 55 percent of the outstanding shares following the transaction, calculated on a fully diluted basis assuming the conversion of the company’s outstanding convertible preferred stock.
If you enjoyed this article and want to receive more valuable industry content like this, click here to sign up for our FREE digital newsletters!
Related Content
Security Is Our Business, Too
For professionals who recommend, buy and install all types of electronic security equipment, a free subscription to Commercial Integrator + Security Sales & Integration is like having a consultant on call. You’ll find an ideal balance of technology and business coverage, with installation tips and techniques for products and updates on how to add to your bottom line.
A FREE subscription to the top resource for security and integration industry will prove to be invaluable.
