Allezoe Medical Holdings Inc: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Novation Holdings Inc Announces Acquisition of Restaurant Operating Group
Novation Holdings Inc announced that it has acquired the operating assets and business of a California-based restaurant development and operating group. The acquired business operates a local-themed, entertainment focused bar and restaurant in Temecula California and plans to start additional, local themed entertainment restaurants in Southern California, Arizona, Texas and possibly Florida over the next three years. The acquisition was in exchange for a combination of NOHO stock, debt and assumption of notes. The acquired company operates House Bar & Grill, which is already profitable after only a few months of operations, and NOHO, through its soon to be acquired public subsidiary, plans to open multiple operating units nationwide, and possibly in Canada, either as corporate stores or as franchises to accelerate growth. The new administrative subsidiary of NOHO also will provide in-house financial services, including accounting, bookkeeping, budget, financial statement preparation, preparation of SEC periodic filings, EDGAR filing conversion, XBRL filings, banking support and similar services, as well as in-house corporate counsel services, compensation management support, HR, IT support and other such services to the newly acquired public subsidiary as well as to the restaurant group.
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