Novori, Inc. (NOVO.OB) Announces Intent to Merge With Zalemark, Inc.
Novori Inc., a leading online jewelry retailer of fine diamond engagement rings, and Zalemark Inc., a manufacturer of fine jewelry, have entered into a merger intent agreement. Both companies are anticipating closing the agreement sometime close to June 21, 2008. Until then, the merger will be subjected to negotiation and execution of binding definitive documents, satisfaction of certain conditions precedent, approval by Novori shareholders and other ordinary and customary closing conditions for a transaction of this type. Zalemark was created by Steven Zale, an award winning jewelry designer and Chairman in 2002 with the initial launch of the Demeter® line…