Massive Dynamics Reaches Definitive Agreement in Acquisition of Imaging Technology
CUPERTINO, Calif.--(BUSINESS WIRE)-- An Asset Purchase Agreement has been executed between Massive Dynamics Inc. (OTCQB: MSSD) and image capture technology company, Real-View 3D LLC. The agreement states that Massive Dynamics will acquire Real-View 3D's intellectual property and technologies upon closing, which is slated for April 30th.
"Through product consulting and visits to Rochester, we have built a strong relationship with Real-View 3D, making this acquisition a logical next step," said Massive Dynamics President, Oscar Hines. "Real-View has developed breakthrough technologies for the consumer computer peripherals market and have proven to be committed to future growth."
Real-View 3D Founder and CEO, Jonathan J. Howard, has already made the commitment to join Massive Dynamics full-time. He will focus on the expansion and execution of the Company's business model.
"We are looking forward to becoming part of Massive Dynamics' strategic move into the 3D world and are excited to start working on a suite of 3D Products under the Massive Dynamics name," said J.J. Howard.
For more information please visit http://www.massivedynamicsinc.com.
About Massive Dynamics, Inc. (OTCQB: MSSD)
Massive Dynamics, Inc. is a Nevada corporation listed on the OTCQB under the trading symbol MSSD. The Company is an acquirer, developer and seller of leading edge consumer oriented technologies and products ready for rapid commercialization.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release only speaks as of the date of its distribution.
Massive Dynamics, Inc.
Oscar Hines, 408-973-7857
KEYWORDS: United States North America California Nevada
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