BitFrontier Capital Holdings, Inc. (OTCPK:BFCH) signed a non-binding letter of intent to acquire Telesis I.T., LLC on December 19, 2018. As of January 31, 2019 BitFrontier Capital Holdings, Inc. entered into an agreement to acquire Telesis I.T., LLC. The transaction would include all assets owned by TelesisIT that are used in, related to, or necessary for a majority interest in the business, including associated trademarks, trade names, brand names, goodwill, customer lists, contracts, warranties, leases, rights, arrangements, and other assets. As of December 31, 2017 Telesis I.T., LLC reported annual revenue of $0.54 million. The final terms and closing of the transaction are subject to the negotiation and execution of a definitive agreement. The transaction is expected to close in the first quarter of 2019. BitFrontier Capital Holdings, Inc. (OTCPK:BFCH) cancelled the acquisition of Telesis I.T., LLC on December 19, 2019.