SKRM Interactive Inc. (OTCBB: SKMI) made ripples on the Bulletin Board last week after it announced a “No Reverse Split” in its acquisition with Sector 10 Services USA Inc., – a move that may take the company from making ripples to making waves.According to SKRM’s July 5 statement, Sector 10 provides pre-deployed emergency life response and escape equipment for high-rise buildings and other urban emergencies in “the post 9/11 world.” Although the Sector 10 Web site is currently down – the only information on the site is a graphic, the words “new site coming Summer 2007,” and an e-mail address – SKRM speaks very highly of the company in the release, and of its decision to acquire the company.
“The market has reacted very favorably to our announcement … to acquire Sector 10,” SKRM President Charles Camorata said in the statement. “We wanted to make sure that all our shareholders understood that we have protected their interests in this transaction by including, as one of the terms, that there will be no reverse split of the stock.”
Camorata also said that the acquisition of Sector 10 came at a very good time for the company; with the escalation of terror attacks in Britain, the recent rush of floods in the southern U.S., the wildfires raging through California, and the constant threat of weather and terrorist actions hanging over our heads, it’s easy to see why having a company like Sector 10 as part of your operations would be profitable. In fact, the company plans on growing its company rapidly during the next five years, making a strong market push in 42 American cities to “capture significant market share of this multibillion dollar industry.”
“We’re entering into one of the fastest-growing markets in the U.S.,” Camorata added. “With Sector 10, we believe our shareholders will be well prepared to withstand the impact of, and benefit from, any calamity – either natural disaster or terrorism-related – that might happen to any community in America.”
