RealTime IT News

Anemic Finish to Malnourished M&A Week

eAutoclaims.com + Transformation Processing, Pan International Gaming + SoloSearch.com

 Pan International Gaming (PANE) acquires SoloSearch.com


   *  Amount:         $15 million


   *  Terms:            5 million shares at $3 per share

   *  Premium:        n/a


   *  Industry:        Content/Communities


   *  Scorecard:      C-


    SEATTLE, April 28--Pan International Gaming (OTCBB: PANE) and SoloSearch.com Management wish to confirm that an agreement in principle has been reached to acquire SoloSearch.com of Kansas City, Missouri, for 5 million shares at $3.00 per share.

    Strategically, SoloSearch.com brings the company unique technology that will generate a multitude of joint ventures and revenue opportunities while greatly enhancing the value of Searchound.com. The integration and added management strength of the SoloSearch team will assist Pan International Gaming Inc.'s objectives of building a profitable Internet Solutions Company.



 eAutoclaims.com merges with Transformation Processing (TPII)