Novus Acquisition & Development Corp. (OTCPK:NDEV) entered into an agreement to acquire 81% stake in Voda Technologies, Inc. for $0.19 million in a stock swap on February 7, 2013. On closing, Novus will issue 0.25 million of its stock for 0.81 million shares of Voda common stock. As of the closing, Novus shall appoint Gary F. Labrozzi as one of three Directors to Voda. The current management of Voda will remain as management of Voda and have full control of its business practices.


Novus Acquisition & Development Corp. (OTCPK:NDEV) completed the acquisition of 81% stake in Voda Technologies, Inc. on March 22, 2013.