Plano, TX.--(BUSINESS WIRE)—League Now Holdings Corp (OTCQB: LNWZ) announced today that it has signed a letter of intent to acquire Infiniti Systems Group, an information technology services firm. Infiniti is an award winning company that focuses on providing businesses with information security, managed services, custom software applications and IT staffing. Audited Sales of Infiniti Exceed $4 Million Annually and the Company is a registered Federal Government contractor, a Microsoft Gold Certified Partner, a McAfee Security Alliance Elite Partner, and is a preferred channel partner for a number of other nationally recognized IT and security vendors.
League Now's Chief Executive Officer, Mario Barton noted, "Infiniti has been providing IT solutions to corporate clients since 1994 and it has achieved and maintained a 90% client retention rate." We are very excited about Infiniti's services and customer base and we anticipate that it's seasoned and talented sales and IT personnel can increase our revenues and write commercial mobile applications. Infiniti is profitable, generates positive cash flow and has annual revenues in excess of $4 million."
The letter of intent signed by League Now and Infiniti contains binding provisions. The parties are working to complete a definitive purchase agreement and a closing of the transaction on or before December 31, 2011 and effective as of January 1, 2012. The Parties anticipate that all regulatory and accounting requirements will be satisfied on or before December 31, 2011.
About League Now Holdings
League Now Holdings Corp. is a developer, manufacturer, and marketer of medical technology products, pursuant to a license agreement with Pure Motion for the exclusive right to use and exploit its motion capture technology with respect to all medical applications one such application is to improve outcomes of hip replacement surgery. The company's patented algorithm and motion capturing technology will allow surgeons to move beyond visual alignment while providing a low-cost and portable alternative to computer assisted navigation
About Infiniti
Infiniti Systems Group (ISG) is an Ohio, SBE corporation established in 1994 that provides a wide variety of IT consulting, project and security services. Infiniti was recognized nationally by Inc. Magazine's highly-coveted "Inc. 500" as one of the nation's fastest-growing private companies and several times by Ohio's "Weatherhead 100" for similar accomplishments in that region. ISG is a registered Federal Government contractor, a Microsoft Gold Certified Partner, a McAfee Security Alliance Elite Partner, and is a preferred channel partner for a number of other nationally recognized IT and security vendors. For more information, please visit www.infinitisystems.com
Forward-looking statements: This release contains forward-looking statements that involve risks and uncertainties. League Now actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, certain risks and uncertainties over which the company may have no control. For further discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the discussions contained in League Now Annual Report on its SEC filings.
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