ComCam Announces Intent to Acquire 1st Choice Security Solutions
ComCam International Inc. announced today has entered into a Letter of Intent to acquire all of the issued and outstanding shares of 1st Choice Security Solutions of Georgia (1st Choice), an OEM supplier of ultra-long range RFID technology in a stock and cash transaction expected to close June 2011. On completion of the transaction 1st Choice will become a wholly owned subsidiary of ComCam.
"We have worked with Pete Martin of 1st Choice for many years on fusing video and RFID. 1st Choice expertise in RFID applications makes them a valuable addition to our business. The combination of our products and RFID technology make it cost effective to deploy a comprehensive remote operations management solution like our joint venture with the School of Franchise and Business Development launched by serial entrepreneur Joe Bisogno of Kansas City,” said ComCam CEO Don Gilbreath.
"The ability to add the ComCam Micro-Server's wireless video capabilities to our RFID products will provide our security and supply chain integrators the capability to supply solutions never available before and give them a substantial edge over their competitors. We plan to introduce these enhanced capabilities to our supply chain partners at the RFID Journal Live Show in Orlando this week as we did to our security partners at the ISC West Show in Las Vegas last week," said 1st Choice President Pete Martin.