Atlantis Business Development Corp. Inc. has revised its offer to acquire E-Direct, Inc., an agency offering voice over Internet protocol and opt-in fax broadcasting and e-mailing for $3.5 million. The new terms call for Red Bank, NJ–based Atlantis to purchase the opt-in fax and e-mail broadcasting assets owned by E-Direct president C. Michael Dubeau and to separately purchase E-Direct equity for
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Atlantis Business Development Corp. Inc. has revised its offer to acquire E-Direct, Inc., an agency offering voice over Internet protocol and opt-in fax broadcasting and e-mailing for $3.5 million.
The new terms call for Red Bank, NJ–based Atlantis to purchase the opt-in fax and e-mail broadcasting assets owned by E-Direct president C. Michael Dubeau and to separately purchase E-Direct equity for 19 Million shares of ABDV common stock and $170,000.
The original agreement called for the purchase of the equity of E-Direct in exchange for 19 Million shares of ABDV common stock and $250,000.
The transaction is expected to close June 10.
