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Acquisitive MKRC Gets Finance
US shell corporation Market & Research Corp (MKRC) - formerly known as CCWW - has signed an agreement with an investment bank to finance its previously announced acquisitions of Precision Opinion, INmarketing Group and Quantum Research Services.
The company now called MKRC first reached the deal to purchase Quantum Research Services and INmarketing Group in November 2007, as the first stage in its plan to build a market research group.
Quantum - which trades as Aspen Media and Market Research - provides consumer research services to the telecoms, automotive, healthcare, banking and cable industries, while INmarketing develops incentive, recognition and customer loyalty programs for its customers.
Then in March last year, MKRC agreed to purchase Precision Opinion, which provides consumer research services to the entertainment industry, non-governmental organizations and political polling services.
MKRC President Gary Stein explained that after two months of discussions, his firm had decided to accept a proposal submitted by the investment bank, which he described as having a wide knowledge of the market and research arena, along with access to institutional investors.
'Its proposal was deemed to be the one that will provide the best opportunity for our shareholders and provides an efficient way to achieve our desire to trade on the New York Stock Exchange-AMEX,' he added.
EVP Martin Licht thanked MKRC's shareholders for remaining patient and for their loyalty while the financing arrangements were being negotiated. He described the discussions as an 'arduous process'.
In February, MKRC filed its quarter report and at the time, Stein said that the firm would now be able to proceed with the financing of the three acquisitions, at which point MKRC will go live with its new web site.
'A number of activities will transpire over the next several months and we will continue our commitment to remain transparent,' concluded Licht.
Web sites: www.aspenonnet.com , www.inmarketinggroup.com and www.precisionopinion.com .
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