AmbiCom Holdings, Inc. (ABHI.OB) to Expand its Global Electronic Medical Devices Footprint, Moves to Close on E-Care Acquisition
AmbiCom, www.ambicom.com – the San Jose, California-based developer of a range of advanced wireless products, ranging from its emphasized sector of healthcare to industrial/systems integration and retail/e-commerce solutions, reported entry today into a definitive acquisition agreement whereby ABHI will acquire 100% of Taiwan-based electronic medical device designer, E-Care Technology Co., Ltd. The anticipated date for completion of the agreement, allowing for due diligence and ancillary requirements on the part of E-Care, should be within the next 90 days. Chairman of ABHI, John Hwang, measured the agreement as a “significant step” for the Company, citing the established reputation of E-Care as…