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Provider : Reuters Investment Profile
Provider : Wright Reports

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Eternity Healthcare Inc Signs Binding Letter Of Intent To The Terms To Merge With Global Medical Equipment of America (GMEA)

Wednesday, 30 Oct 2013 10:10am EDT 

Eternity Healthcare Inc announced that it has reached an agreement with Phoenix-based Global Medical Equipment of America (GMEA) to acquire 100% of the company through share exchange agreement. ETAH will issue GMEA, and all of the shareholders of GMEA approximately 40,000,000 of their shares in exchange for all of the shares of GMEA and all of their shareholders. These new shares will be issued by ETAH at the time of the transaction. The share exchange agreement is expected to complete in Q1, 2014. As part of the deal Eternity's head office shall be moved from Vancouver, Canada to Phoenix, Arizona where it will become sequestered under the existing management of GMEA. The current President and CEO of GMEA, Mr. Harold Halman, shall take the position as the President and CEO of Eternity Healthcare Inc. and Dr. Hassan Salari will serve the company as Executive Chairman. 

Company Quote

28 Sep 2015