Mobile Integrated Systems Enters Into Definitive Agreement to Acquire Quantitative Alpha TradingAcquisition Agreement • August 22nd, 2012 • Mobile Integrated Systems, Inc. • Services-prepackaged software
TORONTO, Aug. 21, 2012 /PRNewswire/ -- Mobile Integrated Systems, Inc. ("MOBI") and Quantitative Alpha Trading, Inc. ("QAT," and together with MOBI, the "Parties," and each a "Party") announced the execution of a definitive agreement (the "Agreement") providing that MOBI will acquire all of the outstanding common shares of QAT on the basis of 0.2222 of a share of MOBI's common stock in exchange for each outstanding share of QAT (the "Transaction"). The Parties also announced the execution of a perpetual worldwide licensing and commercialization agreement to develop QAT software and market all of QAT's products last Friday (the "Commercialization Agreement").
