UNAUDITED PRO FORMA COMBINED FINANCIAL STATEMENTSPro Forma Combined Financial Statements • March 26th, 2007 • Capital Growth Systems Inc /Fl/ • Blank checks
On September 8, 2006, Capital Growth Systems, Inc., a Florida corporation (the “Company” or “CGSI”), entered into an Agreement and Plan of Merger (the “20/20 Merger Agreement”) by and among the Company, 20/20 Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of the Company (“20/20 Mergeco”), and 20/20 Technologies, Inc., a Delaware corporation (“20/20”). Also party to the Agreement for the specific purposes called for therein was 20/20 Representative, Inc. (“20/20 Representative”). The transactions contemplated pursuant to the 20/20 Merger Agreement (the “20/20 Acquisition”) were consummated on September 8, 2006 (the “Closing Date”).
