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Alanco Techs a New (WKN: A0LC85)

NEWS, Alanco Announces Definitive Merger Agreement with YuuZoo Corporation, a Leading Global Mobile Social Networking Company Press Release Source: Alanco Technologies, Inc. On Wednesday June 29, 2011, 8:00 am EDT SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Alanco Technologies, Inc. (NASDAQ:ALAN - News) today announced that it has executed a definitive agreement to merge with profitable, fast-growing YuuZoo Corporation (www.yuuzoo.com), a leading global provider of mobile targeted social networks, targeted advertising & mobile payment systems. Since its founding in 2007, YuuZoo has grown rapidly and profitably, reporting preliminary, unaudited sales and net income of $17.0 million and $1.0 million, respectively, for its prior fiscal year 2010, ended December 31, 2010, compared to sales of $2.0 million, and a loss in 2009. Sales for the current fiscal year 2011 are projected to exceed $30 million, with continued profitability growth. YuuZoo’s proprietary and patent-pending techno [mehr]

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Merger NEWS bei Alanco Tech.

Alanco Techs a New (WKN: A0LC85)