LAS VEGAS, NV--(Marketwired - Jun 7, 2017) - Adama Technologies Corp. (
The second acquisition is with Element 99, which is a multi-faceted technology company that offers a variety of user experiences including an entrepreneur growth platform called PRENR. It also offers an augmented reality experience that offers futuristic merchant options within this exciting and fast growing field. Eric Sills, CEO of Adama Technologies commented on the news of these two acquisitions, "This is just an exciting time at Adama Technologies and I want to thank all of the talented people on the Adama team that have been working so hard to complete these two transactions. From the outside looking in, these acquisitions look like very different business operations, but these deals reflect our core strategy as a company and demonstrate our commitment to a diversified and dynamic approach."
The company stated that they plan to complete the acquisition of the first travel center in Cusseta, Alabama on July 1 and the second location in Holiday, Florida by August 15. The Element 99 transaction is scheduled to close this week.
When asked about the diversified strategy and approach Adama Technologies is pursuing, Mr. Sills responded, stating, "We believe that for every technology company that makes it big, there are 100 companies that had ideas and plans that were just as good that just didn't move quickly enough to capitalize on the opportunity in front of them. That is why we are intentionally looking for companies that are proven and historically reliable and then, at the same time, pursuing technology companies that have the ability to transform the world. Alpine Industries is a company that has been in business since 1967, it is a proven performer. These convenience stores are reliable revenue generators. The stability of those operations allow us to pursue a company like Element 99 that could transform the way people interact with the products they buy for years to come. It could change e-commerce as we know it. This diversified approach assures our longevity and still allows us to pursue these exciting technology concepts that can be very, very profitable."
The company stated that additional details on the acquisitions will be made available on their website with even greater details planned to be released in the coming days.
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