MONTREAL, QUEBEC--(Marketwired - May 27, 2014) - AtmanCo Inc. (« AtmanCo » or the « Company ») (TSX VENTURE:ATW) leader and innovator in web psychometric test solutions for recruitment, organizational development and talent measurement within companies, announces that they have signed a letter of intent with Fly Conseils Inc. in order to acquire all of its shares.
Fly Conseil inc. is a strategic web agency specializing in search engine optimization and performance measurement in order to help companies develop through thorough planning, creative ideas, and implantation of web strategies and attaining performance objectives.
The letter of intent regarding this non-brokered private placement predicts a purchase price of 300 000$, by means of payment of 100 000$ in cash, 1 000 000 shares at a deemed price of 0.20$ and 600 000 stock options at the minimum price of 0.30$, the total payable over 3 years. This letter of intent was approved by the AtmanCo board of directors and the executive committee at Fly Conseils Inc.
« This acquisition adheres to our digital marketing strategy that allows us to strengthen our activities on the web. This will help us grow our market outside Québec, especially in the United States, with our establishment underway in the Silicon Valley in California" declared Michel Guay, President and CEO of AtmanCo.
« Through this acquisition, we will benefit from a team of experts and strategists that will be rapidly promote our solution in a way that will attract new clients by the web, optimize the potential of our current clientele and increase our revenues by maximizing our investments online. This acquisition will act as the company's second pillar in relation to our objectives. Moreover, this will also reduce our subcontracting expenses in marketing by investing within our own company» he concluded.
The closing of this transaction between AtmanCo and Fly Conseils Inc (both parties being at arm's length) is subject to certain conditions including satisfactory due diligence done by AtmanCo on Fly Conseils Inc. and obtaining approval by regulatory authorities.
ATMANCO'S PROFILE
Field of human resources
Using a management interface (Web platform) that is among the most advanced, AtmanCo helps executives and managers recruit qualified human resources by placing the right person in the right position.
By quickly obtaining results of psychometric tests, comparing profiles to job norms and generating complementarity reports, managers are equipped throughout their human resources processes.
The Company stands out in its marketing approach via its Website, direct sales and partner network. For further information, visit www.atmanco.com
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