Posted On: 04/28/2014 9:28:15 AM
Post# of 102331
ILIV .0056 HUGE Acquisition News: Intelligent Living Inc. (ILIV) Announces the $2.2 Million Acquisition of IT and Cloud Management Assets for Its New Provectus Subsidiary MacReport Media “Press Releases” Intelligent Living Inc. (OTCQB: ILIV) stated today that it created a new subsidiary company called Provectus and, in doing so, has merged the assets of both Venturian Group of Miami and Perfect Solutions of Northfield , NJ into the subsidiary to create a robust, full service Managed IT and Private Cloud services company with current revenues of $2.2 million . This new subsidiary will bring revenue and operational efficiency to Intelligent Living , which will be demonstrated on the balance sheet over the next few years.
Intelligent Living Inc. Chief Strategy Officer Josh Eikov said, “We made the decision to become an infrastructure company to both the medical and marijuana industries which are completely burgeoning markets that represent a global opportunity approaching $60 billion by the end of the decade. In our market research we realized that someone needed to build the roads, bridges and tunnels for all of this business activity to be conducted on and so, the birth of Provectus: Managed IT and Cloud Services.”
Provectus, which is Latin for Advanced, offers IT Managed Care to small, medium and enterprise level clients throughout the United States , Canada and the Caribbean . The company will focus on healthcare and related practices but will offer its products and services to the business community at large. The enterprise group will be known as Venturian Management and will handle all clients with revenues in excess of $10 million or 500 users, whereas the small business group will be known as Perfect Solutions and will handle all clients $10 million and under.Once the integration of both companies is complete,Provectus will service over 200 clients with average annual contract sizes of $10,000 per client. http://finance.yahoo.com/news/intelligent-liv...00551.html
Intelligent Living Inc. Chief Strategy Officer Josh Eikov said, “We made the decision to become an infrastructure company to both the medical and marijuana industries which are completely burgeoning markets that represent a global opportunity approaching $60 billion by the end of the decade. In our market research we realized that someone needed to build the roads, bridges and tunnels for all of this business activity to be conducted on and so, the birth of Provectus: Managed IT and Cloud Services.”
Provectus, which is Latin for Advanced, offers IT Managed Care to small, medium and enterprise level clients throughout the United States , Canada and the Caribbean . The company will focus on healthcare and related practices but will offer its products and services to the business community at large. The enterprise group will be known as Venturian Management and will handle all clients with revenues in excess of $10 million or 500 users, whereas the small business group will be known as Perfect Solutions and will handle all clients $10 million and under.Once the integration of both companies is complete,Provectus will service over 200 clients with average annual contract sizes of $10,000 per client. http://finance.yahoo.com/news/intelligent-liv...00551.html
(0)
(0)Scroll down for more posts ▼
