For the last several months, we have been talking to Global Tracking Technologies about merger opportunities. I am very excited about the possibilities of adding GTT to our team. There is a lot of synergy between our two companies and we have similar business plans. A lot of details will be coming in the next few weeks, but I'll try to give as much here as I can.
GTT is a GPS software company that also carries several tracking devices. They are based in Tampa, Florida and have a strong presence in the Middle East and Africa. These are areas that HISS has had a great deal of success and with the possibility of using the GTT sales personnel located in that area, we can’t help but believe that it will add sales for both companies.
Will they replace our other software partners? Absolutely not! Just as there is no one tracking device that meets all customers needs, the same is true for software applications. We believe that by adding each others products and services we will have a stronger combined organization.
Over the next few weeks HISS and GTT will be doing due diligence. As that process unfolds, we will keep everyone as updated as possible. I look forward to providing you more information as it comes available.
Tuesday, March 18, 2008
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1 comment:
When will Mr. Fred Wicks compose another letter to the shareholders? His last update was August 2007.
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