Hotel Outsource Management International, Inc. (OTC:HOUM) has announced that its indirectly held, wholly owned subsidiary, HOMI Europe SARL has entered into a share sale agreement with Clevo Corporation. Clevo Corporation SA is a third party that is under the control of Geoffrey Wolf. Wolf is a HOMI, Inc. shareholder. Under the terms of the agreement, HOMIE Europe will sell 100% of the outstanding shares of HOMI – Hotel Outsource Management International (Deutschland) GmbH and 100% of the outstanding shares in HOMI Italia SRl to Clevo. Clevo has also been assigned all rights to the shareholder loans that have been previously made to HOMI Italia SRL. The transactions will be effective on April 30, 2010.
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Hotel Outsource Management International, Inc. (HOMI) is a multi-national service provider in the hospitality industry. The Company supplies a range of services in relation to computerized minibars that are primarily intended for in-room refreshments. In addition, HOMI manufactures and installs its own computerized minibar, the HOMI 336. HOMI is a holding company for several subsidiaries, which market and operate computerized minibars in hotels located in the United States, Europe, Australia and Israel. The Company engages in rental, sale and installation and outsource programs using the HOMI 336 and additional minibar models. HOMI focuses on designing and manufacturing peripheral products and/or accessories for HOMI 336. HOMI also focuses on offering new and additional minibar models. Its solutions include consultation, supervision services, outsource installation and operation services.
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