Peoplesway.Com, Inc., Sets Date for Memorandum of Understanding With Idea Webcatcher Holdings
CHARLOTTE, NC--(Marketwired - May 14, 2014) - Peoplesway.Com, Inc. (OTC Pink: PLWY) (PINKSHEETS: PLWY)
Peoplesway is pleased to announce that we have set a date to sign a Memorandum of Understanding (MOU) with our first acquisition candidate, Idea WebCatcher Holdings, Inc. Both companies are continuing legal review and final due diligence, but have reached enough comfort to schedule the signing of a MOU to outline the final terms and a closing date for the acquisition.
Each party has agreed to complete and sign the MOU no later than May 30, 2014. Based on the discussions and discovery so far, it is anticipated that a closing date could be established within 30 days following the signing of MOU.
"Our due diligence is going well, our confidence in the business model of Idea WebCatcher is looking more intriguing the more we study it. They have several opportunities already under discussion and/or development that have great potential." Donald Monroe, Chairman.
About Peoplesway
Peoplesway.com, Inc., headquartered in Charlotte, N.C. has historically been an international direct marketing company with an emphasis on its proven proprietary products including products related to the health and wellness industry. It more recently began targeting companies with high growth potential in the technology sector that can be acquired.
Forward Looking Statement
Certain statements contained herein are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve numerous risks and uncertainties, including, but not limited to, risks and uncertainties pertaining to development of Company's products and services and markets for such products and services, the timing and level of customer orders, competitive products and service, changes in economic conditions and other risks and uncertainties. Although the Company believes the statements are reasonable, it can give no assurance that such expectations will prove correct. The Company cautions that any forward-looking statements contained herein are not a guarantee of future performance and that actual results may differ materially.
