Sector 10, Inc. (SECT.OB) Reveals Acquisition Growth Strategies and Signs Letter of Intent for First Acquisition
Sector 10, Inc. announced this morning that a reverse stock split restructuring was approved in order to pursue an acquisition and growth strategy designed to increase shareholder value and establish the company as the premier provider in the emergency response market. The reverse stock split is anticipated to provide more flexibility in future acquisition negotiations. The acquisition strategy provides for a structured deferred payment with common stock and/or cash to minimize potential dilution to current shareholders. Sector 10, Inc. also announced that it has entered into a Letter of Intent with Fairhaven International LLC to purchase the Operational Readiness, Command…