It was announced yesterday that MMU and TzuFuma have executed the Definitive Agreement. This agreement states that MMU will purchase TzuFuma in an all stock transaction costing MMUH 58,000,000 shares of newly issued restricted common stock.
Robert Paterson, President of TzuFuma Inc. stated in a telephone interview: "We have ironed out all of the remaining details regarding financing and the integration of the acquisition and I am pleased to announce that no significant material changes were made to the original MOI. The Company and its associates bring a wide talent pool to the table with skill sets we believe will immediately enhance marketing and accelerate our clients into mass distribution here in the United States but more importantly Internationally. We anticipate gross revenues from domestic sales to be in the region of 12-14% of our total gross revenue for fiscal 2010. We fully anticipate 2010 to be a bumper year."
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MMU Inc., a wholly-owned subsidiary, unprofitably markets SMS & BLUE_TOOTH technologies. Recent acquisition of TzuFuma Inc.
TzuFuma Inc. is in the import and wholesale distribution business of Electronic Cigarettes.
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