Medic Vision Ltd (MVH) (soon to be renamed as Motopia Limited) is delighted to announce that it has entered into a binding Heads of Agreement to acquire all the share capital in 2moro Mobile Pty Ltd for $2.5 million. The acquisition is to be paid for via the issue of 10,000,000 shares in the Company (issue price of 25c per share). 2Moro is one of the largest and the most trusted mobile app developers in Australia. 2Moro Mobile has worked closely with major advertising agencies and brands such as Microsoft, Nova and Toyota to deliver many highly successful mobile apps, games and campaigns.
The CEO of 2moro Mobile, Mr. Peter O’Neill, said today “ I have been involved in the Australian mobile industry for 10 years and the ‘Motopia’ story is the most exciting venture in this space that I’m ware of. ” “This is the perfect acquisition at the perfect time and will further complement our aggressive growth strategies for the foreseeable future,enabling us to deliver the maximum possible value to our shareholders.” Mr. Hoath concluded.
Tags: acquisition, Entertainment, Medic Vision, Mobile technology, MVH
