Findit, Inc. (OTC PINK: FDIT), owner of Findit.com the social networking content management platform that recently announced the Findit App in Beta is now available to iPhone Users, has signed a non-binding Letter of Intent ("LOI") formalizing the acquisition of eHub Solutions, LLC.
eHub Solutions currently provides services that include: storage, product fulfillment, fulfillment by Amazon and Amazon Prep Services along with drop shipping.
Raymond Firth, Chief Executive Officer of Findit said, "With the possible addition of eHub Solutions customer base and services Findit offers our existing members, we believe the combination of services can provide solutions for so many small e-commerce business owners that have products they need assistance with marketing along with order fulfillment when sales take place. With eHub Solutions, we can combine our services to offer e-commerce retailers both of these solutions. In addition, we also can generate revenue in slower months with storage fees."
Additionally, Jorge Perez, President of eHub Solutions stated, "Over the past 12 months, we have been able to generate enough business in our first year to show a slight profit. By teaming up with Findit and their outstanding online marketing skills, we believe we can sign on new customers more consistently generating sales that will exceed our fixed costs to be even more profitable in 2019."
Findit would have the ability to cross sale Findit's services to eHub Solutions existing customer base along with eHub Solutions services to Findit's customer base in addition to targeting new business should Findit acquire eHub Solutions. The addition of eHub Solution services can strategically position Findit for consistent revenue growth for years to come. Each new customer will have the option of utilizing our drop shipping and Amazon Prep Services along with Findit's online marketing tools. We will be providing a solution to many small business owners that have products that need such assistance. We will assist them with marketing to generate sales and then when those sales are done we will provide a facility that can fulfill those orders each and every day.
These services can be provided upon closing of the transaction, which is contingent on various material factors.
About Findit, Inc.
Findit, Inc., owns Findit.com a Social Media Content Management Platform that provides an interactive search engine for all content posted in Findit to appear in Findit search. The site is an open platform that provides access to Google, Yahoo, Bing, and other search engines crawl content posted in Findit so it can be indexed in these search engines as well. Findit provides Members the ability to post, share and manage their content. Once they have posted in Findit, we ensure the content gets indexed in Findit Search results. Findit provides an option for anyone to submit URLs that they want indexed in Findit search result, along with posting status updates through Findit Right Now. Status Updates posted in Findit can be crawled by outside search engines which can result in additional organic indexing. All posts on Findit can be shared to other social and bookmarking sites that include but are not limited to Facebook, Twitter, LinkedIN and Pinterest by members and non-members. Findit provides Real Estate Agents the ability to create their own Findit Site where they can pull in their listing and others through their IDX account and post listings manually. Findit, Inc., is focused on the development of monetized Internet-based web products that can provide an increased brand awareness of our members. Findit, Inc., trades under the stock symbol FDIT on the OTC Pinksheets.
This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), including statements regarding potential sales, the success of the company's business, as well as statements that include the word believe or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Findit, Inc. to differ materially from those implied or expressed by such forward-looking statements. This press release speaks as of the date first set forth above, and Findit, Inc. assumes no responsibility to update the information included herein for events occurring after the date hereof. Actual results could differ materially from those anticipated due to factors such as the lack of capital, timely development of products, inability to deliver products when ordered, inability of potential customers to pay for ordered products, and political and economic risks inherent in international trade.