Their client relationships, knowledge and logistics expertise particularly in the pharmaceutical industry will greatly enhance our business. “Dave and Curt are great additions to the PeriShip Global LLC board. Edmonds brings four decades of experience from the transportation and logistics field while Kole brings three decades of experience with Cold Chain logistics, specifically in sales, marketing for the transportation and logistics industry. That’s why the company has brought on Dave Edmonds, a recently retired SVP at FedEx World Wide Services and Curt Kole, PeriShip Global’s executive vice president of sales and global Strategy onto their board of directors. Verify Me padded the board at PeriShip global with experienced members to bring the company’s numbers up. When a planned expansion fades, it’s important to cycle back and work on what’s working and help make it stronger. If a proposed merger isn’t going to work then there’s no point in going forward. VerifyMe’s technologies also give its clients the option to gather business intelligence, intellectual property and brand protection and supply chain functions like counterfeit prevention, authentication, serialization and track and trace features. The company offers an IT platform with proprietary databases, package and flight tracking software, that also monitors weather and flight status. VerifyMe is a tech company that works to connect brands with consumers through its subsidiary PeriShip Global, which provides brands with logistics management for their products. We believe the financial results of the acquisition show we are on the right path to grow and enhance our shareholder value,” said Patrick White, CEO of VerifyMe. “As we navigate this challenging economic environment, and have now completed a strategic acquisition, we have made the decision to align our resources accordingly. PeriShip’s audited statements for Decemand 2020 showed $3.1 million in income before tax. VerifyMe’s board of directors decided it wasn’t in the company’s best interests to allocate financial capital for the SPAC to consummate the merger, and instead decided to focus on their own business and add resources to its recent acquisition of PeriShip. VerifyMe and the SPAC have decided not to merge. VerifyMe (NASDAQ: VRME) announced today that it won’t be extending the period for special purpose acquisition company (SPAC), G3 VRM Acquisition Corp (NASDAQ: GGGVU), to close a merger. Something fizzles out in negotiations, maybe the due-diligence doesn’t yield up favourable numbers, and like a lot of relationships, both sides agree to go their separate ways. Like many partnerships, sometimes acquisitions don’t work out. Some were successful while others decided to go in a different direction, but all of these are worth a look. As of last market close, here were five looking to get a leg-up on the competition through the accretive growth and acquisition game. It’s independence day for our cousins to the south so there won’t be a lot of action on the charts for the American companies on this list. Here were five looking to get a leg-up on the competition through the accretive growth and acquisition game. The Mugglehead technology roundup: acquisition and independence edition
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