COi Solutions, Inc. Signs Letter Of Intent To Acquire iCura International.Business Editors COi Solutions, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:COII) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :COII) announced today that it has signed a Letter of Intent to acquire Hong Kong-based iCura International Limited, a company specializing in insurance administration. The proposed acquisition of iCura International is scheduled to be completed in 45 days. iCura International will bring a number of strengths to COi, including insurance expertise, extensive industry networks, proven administrative processes and a strong distribution network. The acquisition will complement COi's solid background in developing electronic business solutions, global health insurance product development, and its extensive management and marketing expertise. "The iCura acquisition will support our articulated ar·tic·u·la·ted adj. Characterized by or having articulations; jointed. plan to enter the global market with the sale of health insurance to expatriates and will bring us another step closer to achieving our development plans for 2002," said Gary Evans
The transaction is subject to a certain conditions, including the execution of definitive agreements, due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and approvals. About COi Solutions, Inc. COi Solutions, Inc. (OTC BB:COII) builds electronic business solutions for global organizations based on a 'community of interest' principle. COi's prime focus has been working with companies to create totally integrated electronic solutions combining strategic business, marketing and investment planning with high technologies. Last year, COi acquired a 95 per cent stake in the TeleMedica Group (TMG TMG - TransMoGrifier. An early language for writing recursive descent compilers. It was macroed from the IBM 1604 to the IBM 709 to the IBM 7094 to the GE-635, where it was used by McIlroy and Morris to write the EPL compiler for Multics. ) to advance its strategy to position the company as the leading global e-health provider of choice to the expatriate Expatriate An employee who is a U.S. citizen living and working in a foreign country. community. Steps of this strategy include providing health insurance coverage, online coaching tools, and e-commerce functionality to enable clients to purchase healthcare products and services that will positively impact their health. COi recently announced that it has successfully completed stage one of its funding program. |
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