USA: Whole Living to acquire Vestrio, Inc
American Fork, Utah-based nutrition company Whole Living has signed a definitive agreement to acquire Vestrio, Inc through a share exchange. Upon completion of the transaction, expected to close in June, Vestrio will become a wholly-owned subsidiary of Whole Living. Vestrio is an educational company that uses network marketing to offer proprietary stock analysis software products. For its Q1 ended 31 March 2002, Vestrio posted revenue of US$2.24m and total revenues for the FY are projected to reach as much as US$23.5m, with net profits estimated at 15%. Proforma revenues in 2002 for the combined companies are projected at US$34.5m.
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