McCusker Holdings Corp Enters LOI To Acquire Nationwide Tech Services
Apr 11, 2017
OTC Disclosure & News Service
Colleyville, TX -
Publicly held McCusker Holdings Corporation (the "Company" ), (OTC PINK: ORRV), the corporate parent of various industry leaders in the help desk and warranty administration markets announced today that it has entered into a letter of intent to acquire Nationwide Tech Service Inc. as a wholly owned subsidiary of the parent company McCusker Holdings Corp. Subject to customary closing conditions, including the execution of a definitive purchase agreement, the Company expects Mr. Jack Barcroft, to remain as President & CEO of the subsidiary Nationwide Tech Services (NTS) who is founder of NTS, to be named to the Board of Directors of McCusker Holdings Corp.
Pursuant to the terms and conditions of the Letter of Intent, the parties have thirty (30) days to negotiate and consummate a definitive agreement and purchase. As a condition of the contemplated purchase, McCusker Holdings Corp must initiate the process to provide "current public information" through the OTC Pink Marketplace.
Mr. McCusker said "we expect that the contemplated purchase will close, and we further believe that the transaction will provide our business with increased visibility and service capabilities within the marketplace." He continued, "our research has indicated that our unique business model is not prevalent among publicly held companies, as such we anticipate that the proposed transaction will offer prospective investors a growth investment opportunity." "Our focus over the coming weeks is to exhaust our efforts to meet our obligations to closing the purchase agreement."
McCusker Holding Corp is a leading national provider of consumer electronic tablet devices, smart watches, screen protection devices and other consumer electronic warranty products. McCusker also provides help desk and warranty insurance administration serves for a wide variety of industries. It also has created specialized service programs for the consumer electronics and the heating, ventilating, and air conditioning (HVAC) industries. The Company services 43 countries. McCusker's clients include: OEM's, retailers, law firms, underwriters, and third party administrators. The Company is a true leader of developing innovative solutions for help desk and warranty insurance administration support services.
Nationwide Tech Services Inc. is the premier provider of quality onsite technical support for fortune 500 companies. We specialize in white space support in every zip code in the Continental United States as well as Alaska, Hawaii, and Puerto Rico. We also cover all major metropolitan areas in Canada. We were the first service company to roll out Apple Pay in a nationwide retail chain. NTS created the playbook on new technology to support kiosk point of sale and maintain over 4,000 kiosks across the country. Our customer base includes many Fortune 500 companies who require a partner that can provide a verifiable national footprint of technical support resources
Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although McCusker Holdings Corp. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, McCusker Holdings Corp is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company's ability meet the conditions necessary to complete the proposed transaction.
Apr 11, 2017
OTC Disclosure & News Service
Colleyville, TX -
Publicly held McCusker Holdings Corporation (the "Company" ), (OTC PINK: ORRV), the corporate parent of various industry leaders in the help desk and warranty administration markets announced today that it has entered into a letter of intent to acquire Nationwide Tech Service Inc. as a wholly owned subsidiary of the parent company McCusker Holdings Corp. Subject to customary closing conditions, including the execution of a definitive purchase agreement, the Company expects Mr. Jack Barcroft, to remain as President & CEO of the subsidiary Nationwide Tech Services (NTS) who is founder of NTS, to be named to the Board of Directors of McCusker Holdings Corp.
Pursuant to the terms and conditions of the Letter of Intent, the parties have thirty (30) days to negotiate and consummate a definitive agreement and purchase. As a condition of the contemplated purchase, McCusker Holdings Corp must initiate the process to provide "current public information" through the OTC Pink Marketplace.
Mr. McCusker said "we expect that the contemplated purchase will close, and we further believe that the transaction will provide our business with increased visibility and service capabilities within the marketplace." He continued, "our research has indicated that our unique business model is not prevalent among publicly held companies, as such we anticipate that the proposed transaction will offer prospective investors a growth investment opportunity." "Our focus over the coming weeks is to exhaust our efforts to meet our obligations to closing the purchase agreement."
McCusker Holding Corp is a leading national provider of consumer electronic tablet devices, smart watches, screen protection devices and other consumer electronic warranty products. McCusker also provides help desk and warranty insurance administration serves for a wide variety of industries. It also has created specialized service programs for the consumer electronics and the heating, ventilating, and air conditioning (HVAC) industries. The Company services 43 countries. McCusker's clients include: OEM's, retailers, law firms, underwriters, and third party administrators. The Company is a true leader of developing innovative solutions for help desk and warranty insurance administration support services.
Nationwide Tech Services Inc. is the premier provider of quality onsite technical support for fortune 500 companies. We specialize in white space support in every zip code in the Continental United States as well as Alaska, Hawaii, and Puerto Rico. We also cover all major metropolitan areas in Canada. We were the first service company to roll out Apple Pay in a nationwide retail chain. NTS created the playbook on new technology to support kiosk point of sale and maintain over 4,000 kiosks across the country. Our customer base includes many Fortune 500 companies who require a partner that can provide a verifiable national footprint of technical support resources
Statements in this press release that are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although McCusker Holdings Corp. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, McCusker Holdings Corp is unable to give any assurance that its expectations will be attained. Factors that could cause actual results to differ materially from expectations include the company's ability meet the conditions necessary to complete the proposed transaction.
