Profit Technology, Inc. - Specimen Stock Certificate

Inv# SE2238

Stock

State(s): Delaware

Years: 1984

Color: Blue and Black

Specimen Stock printed by American Bank Note Company. Profit Technology, Inc. (Boca Raton, FL) announced on May 17 the completion of the asset purchase and supply agreement with Rodime PLC for the purchase of Rodime’s retail products business, Rodime Systems.

Under the terms of the closing, which took place in New York, Profit has purchased the assets of Rodime Systems from Rodime PLC, comprising principally of inventory, accounts receivable, and fixtures and fittings.

The purchase price of the assets is an estimated $8,500,000 including $1,500,000 in profit common stock, approximately $1,600,000 in deferred purchases of inventory over a 70-day period and a subordinated promissory note for $311,000.

Rodime Systems, which has been renamed Rodime Systems, Inc., will operate as a wholly-owned subsidiary of Profit, and will employ approximately 65 employees. Read more at https://www.storagenewsletter.com/2019/12/04/history-1990-profit-technology-complete-purchase-of-rodime-systems/

Condition: Excellent

A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.

Item ordered may not be exact piece shown. All original and authentic.

OUT OF STOCK