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JLM Marketing.


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 Marketing, Tampa, FL, a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of JLM Industries, and getPlastic, Burlington, MA, announced the signing of a letter of intent for the sale of getPlastic's engineered resins distribution business. Under the terms of the letter, JLM Marketing will acquire the distribution assets of getPlastic, including goodwill, inventory, company records, supplier agreements, customer lists and employment rights for key sales personnel. Specifically excluded from the purchase will be cash, cash equivalents and accounts receivables accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying . JLM will not assume any of getPlastic's liabilities. The parties further announced that JLM will license software technology developed by getPlastic that includes an e-commerce platform and a Resinate res·in·ate  
tr.v. res·in·at·ed, res·in·at·ing, res·in·ates
To impregnate, permeate, or flavor with resin.

Verb 1.
 engineering and material selection platform.
COPYRIGHT 2001 Lippincott & Peto, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:acquires getPlastic's resins distribution business
Comment:JLM Marketing.(acquires getPlastic's resins distribution business)
Publication:Rubber World
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 1, 2001
Words:110
Previous Article:Polymer Diagnostics.(purchases infrared microscope, servohydraulic testing machine)(Brief Article)
Next Article:Parker Hannifin's Seal Group.(to focus on engineered sealing systems)(Brief Article)
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