Pipeline Data, Inc. (OTCBB: PPDA) is pleased to announce that it has entered into a letter of intent to acquire National Preplanning, Inc., a managing general agency and third party marketer of pre-arranged death care services to corporations, unions and affinity groups.
An integral part of this transaction is the simultaneous acquisition by National Preplanning of American DataSource, Inc., a leader in trust administration. This pending acquisition moves forward Pipeline's business plan from being an outsource service provider solely in the healthcare sector to other sectors such as the insurance and financial services industries.
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