National Management Consulting Inc. will acquire Tele-V. Inc., a direct response and marketing firm. The transaction is a stock swap, although exact terms of the transaction were not disclosed.
Tele-V manufactures and markets products based on entertainment characters.
“[Tele-V] has prospects to develop a direct response and marketing firm that can create long-term value for National Management shareholders and a series of co-branded products in the licensed entertainment property marketplace,” said Steven A. Horowitz, president and CEO of National Management, in a statement.
As part of the acquisition agreement, National Management has agreed to fund Tele-V with up to $1 million in working capital.
Network
