Premier Alliance Group, Inc. (PIMO.OB) Purchases PeopleSource, Inc. Assets
Friday, business and technology consulting firm, Premier Alliance Group, Inc., announced that it recently purchased assets of PeopleSource, Inc., a privately held technology staffing and consulting company. The deal follows an Asset Purchase Agreement dated September 18, 2009. Premier Alliance Group will acquire substantially all of PeopleSource’s assets for $500,000, comprising shares of Premier's restricted common stock and cash payouts. The transaction closed on October 1, 2009. PeopleSource, Inc. is a longstanding reputable service provider with strengths in technology services. The company’s assets include customer contracts and industry relationships. Last year, PeopleSource, Inc. reported approximately three million dollars in annual…