Aluf Holdings, Inc. cancelled the acquisition of assets of Triad Biometrics, LLC.
August 19, 2016
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Aluf Holdings, Inc. (OTCPK:AHIX) entered into a letter of intent to acquire assets of Triad Biometrics, LLC for $3.8 million August 20, 2015. Aluf Holdings, Inc. (OTCPK:AHIX) entered into a definitive agreement to acquire assets of Triad Biometrics, LLC on for $3.8 million December 30, 2015. Pursuant to the terms of the purchase agreement, Aluf Holdings will pay Triad $3.75 million for the assets. It is expected that this definitive agreement will be in place on or before September 30, 2015. Closing of the Acquisition is subject to, amongst other things, the completion of satisfactory due diligence by the Aluf Holdings, and Aluf Holdings securing satisfactory financing. On November 11, 2015, Vanderbilt Bonds entered reached a joint venture agreement with Vanderbilt Bonds provide up to $5 million in financing to acquire the Biometric IP assets. High Point Communication acted as Public Relation advisor for the transaction.
Aluf Holdings, Inc. (OTCPK:AHIX) cancelled the acquisition of assets of Triad Biometrics, LLC on August 20, 2016.
Aluf Holdings, Inc. operates as a holding company. The Company is engaged in acquiring, operating, and managing subsidiaries in the development and sale of software and technology solutions. Its Business Management Solutions Division provides diverse solutions of back-office, staffing, financial, and technology services. The Company is focused on acquiring and managing companies which are engaged in biometrics and cyber security, cloud-based software-as-a-services (SaaS), medical applications and in the software and technology industries. The Company also provides virtual income tax preparation, accounting, and advisory services for corporations, small businesses and high net worth individuals. Its subsidiaries include Tax Partners USA, LLC and Aluf Tech LLC. Its Aluf Tech, LLC. is a provider of diversified services, offering business solutions, technology solutions, and life solutions.