Smash Solutions Announces Acquisition of Maxima Group, Inc.
- Netflix, Inc. (NFLX) Tops Q4 EPS by 1c; Subs Beat Views
- S&P 500 ends up slightly with boost from financials; Netflix up late
- Nestle Said Examining Takeover of Mead Johnson (MJN) - Source
- La Quinta Holdings (LQ) Gains on Plan to Split in Two
- After-Hours Stock Movers 01/18: (OCLR) (CSX) (NFLX) Higher; (AMDA) (RCII) (ZYNE) Lower (more...)
Find out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com's Dividend Insider Elite. Sign-up for a FREE trial here.
SALT LAKE CITY, UT -- (Marketwired) -- 06/03/15 -- Smash Solutions, LLC announced today that it has acquired controlling interest in Maxima Group, Inc., through the purchase of 81% of its outstanding shares, marking the first step in Smash Solutions' plan to become a publicly traded company. Per the terms of the agreement, Smash Solutions' current management has assumed full operational control of Maxima Group, Inc., a public shell company, with Jerry Ulrich, CEO of Smash Solutions, now serving as sole director.
Upon completion of a final audit of Smash Solutions' financial statements, Smash Solutions intends to have its operating business function as a subsidiary of Maxima Group Inc. In addition, Smash Solutions anticipates changing the Maxima Group trading symbol, which is currently MXMG, to one that more accurately reflects the current SMASH business model. Maxima Group, Inc. recently completed a 40-to-1 split of its common stock, effective March 23, 2015.
In response to the announcement, SMASH CEO Jerry Ulrich commented, "When we officially launched SMASH nearly three years ago, I had a specific vision for the company. Today the first steps to making that vision a reality have been completed. I couldn't be more excited and grateful to everyone who's made this possible. There are still quite a few exciting announcements on the way, so stay tuned!"
SMASH President Carl Doane added, "We believe this is the first step in taking SMASH to the next level. There are so many more exciting plans being put into place and we can't wait to share them with the public soon."
About Smash Solutions, LLC.
SMASH Solutions is an innovative software solutions firm based in Salt Lake City, Utah. From premier CRM, to cutting-edge business tools, social and SEO solutions, SMASH is the comprehensive answer for any business looking to excel in the digital market. Learn more at http://www.SmashSolutions.com.
Media Contact: Vivienne Russell Title: Chief Business Development Officer Email: email@example.com Phone: (888) 510-5504 ext. 1017 Address: 10963 S. Riverfront Parkway South Jordan, Utah 84095
Source: Smash Solutions
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Mallinckrodt (MNK) to Pay $100M to Settle FTC, State Charges for Violating Antitrust Laws
- J2 Solutions Wins Philadelphia SmartCEO 2017 Future 50 Award
- Wolters Kluwer NV: Share Buyback Transaction Details January 12 - 18, 2017
Create E-mail Alert Related CategoriesPress Releases
Related EntitiesDefinitive Agreement
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!