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League Now Completes Acquisition of Infiniti Systems(February 16, 2012)
PLANO, TX -- (Marketwire) -- 02/16/12 -- League Now Holdings (OTCBB: LNWZ) (the "Company") announced that it has completed its acquisition of Infiniti Systems Group, Inc., an Ohio corporation ("Infiniti"), an Information Technology Company specializing in IT Security products and services, as well as a variety of other IT Consulting Services.
The acquisition of Infiniti has been finalized and documents by all parties have been signed. All requirements for the audited financials of Infiniti have been completed and the acquisition has 100% approval from the existing shareholders of Infiniti.
As previously reported in the 8K filed by the Company on February 9th, Infiniti has been in business for over 16 years as an Information Technology company specializing in IT Security products and services, Application Development, IT Staffing and IT Outsourcing for many small to Fortune 500 companies. The company currently produces revenues of approximately $3.6 million per year with significant growth and acquisition plans for 2012 and beyond.
Infiniti Systems Group (ISG) is an Ohio, SBE Corporation, established in 1995, and provides a wide variety of IT consulting, project and security services. An award winning company, ISG has maintained a steady revenue growth trend for the last several years by building a reputation for 100% on-time and on-budget project delivery. Infiniti has, in the past, been recognized nationally by Inc. Magazine's highly-coveted "Inc. 500" as one of the fastest-growing private companies. For more information, please visit www.infinitisystems.com
About League Now Holdings
League Now Holdings Corp is a developer, manufacturer, and marketer of medical technology products, pursuant to a license agreement with Pure Motion for the exclusive right to use and exploit its motion capture technology with respect to all medical applications; one such application is to improve outcomes of hip replacement surgery. The company's patented algorithm and motion capturing technology will allow surgeons to move beyond visual alignment while providing a low-cost and portable alternative to computer assisted navigation.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of LNWZ League Now Holdings, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond LNWZ League Now Holdings, Inc.'s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in LNWZ League Now Holdings, Inc.'s filings with the Securities and Exchange Commission.
League Now Holdings Corp
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