News Release - EKO International Corp.
TORONTO, Jan. 20, 2012 /PRNewswire/ - EKO INTERNATIONAL CORP. (the "Company") - (EKNL - Pinksheets), is pleased to announce that it is in the process of concluding negotiations for the acquisition of a second subsidiary. The intended target is a new and used equipment dealer operating globally.
A significant portion of the business currently being conducted by the target, is the buying and selling of off lease equipment and trucking fleets. The target company reported the following sales: 2009 - $1,883,000, 2010 -$ 4,735,000, 2011 - $5,386,000 and the first four months of the 2012 year beginning October 1st, 2011 - $3,072,000.
The Company expects to close this acquisition within the next 30 days subject to all parties reaching a final agreement.
The Company, is a holding company and continues to search for profitable operating companies to acquire.
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