Southern States Sign Co: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Southern States Sign Co Completes Reverse Merger Transaction with Conte Rosso & Partners S.r.l.
Southern States Sign Co announced that on November 1, 2012, it consummated a 'reverse merger' with Conte Rosso & Partners S.r.l, an Italian limited liability company (CR&P), in which the Company acquired all of the assets of CR&P (the Merger). Prior to the consummation of the Merger, the Company was not engaged in any trade or business. CR&P is active in the hospitality business and currently owns five top class boutique hotels in Italy. Following the Merger, the Company will own and operate the hospitality business related to CR&P's five boutique hotels. In addition, the Company has added the following new directors to its board of directors: Mr. Marco Milli, Mr. Charles Gargano and Ms. Dorothy (Dottie) Herman.
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