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Novation Companies, Inc. Message Board

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  • carolinaswede carolinaswede Nov 9, 2011 5:33 PM Flag

    10Q for Q3 Rel early for NOVS

    On October 17, 2011, the Company purchased 51% of the equity of Build My Move LLC ("BMM") for $1.7 million plus future obligations to make additional capital contributions to BMM of up to $0.7 million. BMM is a start-up, internet-based company in the “asset-light” third party logistics provider market, with the goal of providing high-quality local and long distance residential and other moving services at a price less than other major national van lines. See Note 19 to the condensed consolidated financial statements for additional details.

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