HOLLYWOOD, Fla., April 10, 2019 /PRNewswire/ -- Aluf Holdings, Inc. ("AHIX") ("the Company") (OTC PINK: AHIX) announced today that it has signed a definitive agreement to acquire Interaqt Corporation, d/b/a COLOTRAQ. The transaction is conditioned on customary closing conditions; however, closing is expected on or before April 30, 2019.
Headquartered in Parsippany, New Jersey, COLOTRAQ is the foremost global sourcing advisory firm and master agency for data center infrastructure services and owner/operator of an industry-first cloud-based software, DCITRAQ, which allows clients, or their representatives, to easily source Cloud, Colocation and Connectivity and Cybersecurity services through COLOTRAQ's direct agreements with over 400 vendors worldwide.
Teresa McWilliams, Aluf Holdings Interim President & CEO, commented: "The market position and technological strength of COLOTRAQ will make this acquisition significant to our long-term growth strategy with a particular focus on IT Infrastructure, Data Center and Cloud Services. COLOTRAQ has a 20-year proven track record of providing high performance solutions and support services to multinational corporate enterprises and government agencies. We believe that the completion of this acquisition will be beneficial both for Aluf and Interaqt and for their employees, customers, and shareholders."
Dany Bouchedid, Founder & CEO of COLOTRAQ, added: "This is by far the most exciting and transformative event of COLOTRAQ's 20-year history. The fact that we will continue to operate as COLOTRAQ with the same great team but have access to far more resources than ever before will really help us scale and expand quickly to meet the challenges of better serving our clients and channel partners."
COLOTRAQ is the foremost global sourcing advisory firm and master agency for colocation, managed hosting, cloud and related network services. Since 1999, COLOTRAQ has been helping find data center infrastructure solutions for businesses and institutions worldwide through its unrivaled network of over 400 service providers, 200 of which provide cloud services in over 1,300 cities across 140 countries and territories. Through DCITRAQ, its industry leading cloud-based software for sourcing Colocation, Cloud, Connectivity and Cybersecurity, COLOTRAQ can instantly source customer requirements from a single rack to thousands of square feet of Data Center space along with Managed Hosting, Cloud-based infrastructure, Cybersecurity and network services anywhere in the world. www.colotraq.com
About Aluf Holdings, Inc.:
Aluf Holdings, Inc. is a holding company whose primary focus is the identification, acquisition, management, and aggressive growth of companies in the burgeoning biometrics and blockchain technologies.
AHIX's merger and acquisition model targets unique biometrics and blockchain enterprises with key common attributes and parameters. These include stellar management, a broad proprietary product and service offering, dedicated research and development, robust margins, high-growth potential, economies of scale, and low barriers to rapid, efficient integration of operations, especially sales, marketing, and customer service. As it expands, AHIX's overall portfolio of products and services will include secure, scalable, digital cyber security solutions for hyper-positive human identification, access management, feasibility studies, customized communications and automation analysis, bespoke software development, and other advanced technologies for facial, voice, fingerprint, finger vein, retinal scan, and recurrent still frame and video comparison verification. www.aluf.com
Safe Harbor Statement:
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's suppliers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.
Aluf Holdings, Inc.
Teresa McWilliams, CFO
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