Concord International Group Inc.. (NASD BB --CIGI) announced it
has reached an agreement to acquire Patriot Marketing Inc. for a
total consideration of $7,000,000 and arranging for working capital
up to 500,000 This transaction is subject to approval of both companies
as well as shareholders approval..
Patriot is an Emerging growth company which has obtained valuable
licenses for Multi--Media Marketing services including IBEX, a
consortium including Dunn and Bradstreet,GE, AT&T,Digital,
Chase Manhattan Bank,US Chamber of Commerce, Simon and
Shuster.IBEX's total expenditure of $10,000,000 in software for
access to a database of 38 million business for the pupose of the
Art Electronics Global Commerce.. |
