ComCam International, Inc. (PINK SHEETS: CMCJ) has entered into a Letter of Intent to acquire all of the issued and outstanding shares of Pinnacle Integrated Systems, Inc. (P2). P2 has integrated security systems across the U.S., providing a range of services up to turnkey system design and installation, maintenance contracts including "24/7" help desk, and field support technicians.
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The Letter of Intent provide for ComCam to pay $1,000,000 in cash over six months, with a promissory note secured by P2's business, and 300,000 shares of ComCam common stock with performance options available for P2's management. Following the close of the transaction P2 will become a wholly owned subsidiary of ComCam.
About ComCam International
ComCam develops and distributes computing remote network video devices, location aware analytics and services that are used, shared, managed and re-deployed throughout numerous divergent industries.
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