Evermedia Biometrics Corp & Dynamic Media Holdings Inc | Update Date: 10/15/08 |
| Date Announced: 10/11/08 |
| Value (million $USD): 0.5 million U.S. Dollar |
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| Status: Pending | |
| TRANSACTION DETAILS |
| Date Announced | 10/11/08 | | |
| Date Originally Announced | 10/11/08 | | |
| Format | Merger | Acquisition techniques | Divestiture; Stock Swap |
| Attitude | Friendly | Agency | n/a |
| Value | 0.5 million U.S. Dollar | Advisor Fees | n/a |
| SYNOPSIS |
| US - Dynamic Media Holdings Inc (DM) agreed to acquire all the outstanding stock of Evermedia Biometrics Corp, a manufacturer and developer of iris recognition technologies, from STS Evermedia Corp, in exchange for 50 mil DM common shares, valued at $0.45 mil. The shares were valued based on DM's closing stock price of $0.009 on October 10, the last full trading day prior to the announcement. |
| TARGET |
| Name | Evermedia Biometrics Corp |
| Industries | Security systems services; Prepackaged Software |
| City | Boston |
| State | MA |
| Nation | United States |
| Incorporated in | n/a |
| Public Status | Subsidiary |
| Business Description | Evermedia Biometrics Corp, located in Boston, Massachusetts, manufactures and develops iris recognition technologies using proprietary, patent-protected biometric technologies. The Company develops highly accurate physical access control and ID management solutions. It was founded in 2006. |
| Advisors | NULL |
| Target Sales | n/a |
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| ACQUIROR |
| Name | Dynamic Media Holdings Inc (Pink Sheet : DYMH) |
| Industries | Periodicals: publishing, or publishing & printing; Newspapers: publishing, or publishing & printing; Miscellaneous publishing |
| City | Manalapan |
| State | NJ |
| Nation | United States |
| Incorporated in | n/a |
| Public Status | Public |
| Business Description | Dynamic Media Holdings Inc, located in Manalapan, New Jersey, is a publishing company offering information and reviews on lifestyle, real estate, and home furnishings. It publishes magazines under the brand name New Jersey Home & Style. |
| Advisors | NULL |
| Acquiror Sales | n/a |
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