VALLEY CENTER, CA / ACCESSWIRE / May 31, 2016 / Concierge Technologies, Inc. (CNCG) (the "Company"), today announced the planned acquisition of Brigadier Security Systems of Saskatoon, Canada ("Brigadier") for an undisclosed price to be paid in cash. Brigadier is a long standing security alarm company serving Saskatchewan, Canada since 1985. With security solutions ranging from products designed to protect residential premises and property through to complex access control and camera monitoring equipment, Brigadier designs customized solutions to meet clients' security needs in most all situations. Brigadier has offices in Saskatoon and Regina and they do business in all four corners of Saskatchewan and beyond. With over 25 years of high level customer service and technical expertise the business has built a solid brand and is now among the largest independent security contractors in the province.
Nicholas Gerber, CEO of Concierge Technologies, commented, "We are excited to be continuing our acquisition strategy to include such a recognized firm as Brigadier Security. The timing turned in our favor with the owners of Brigadier considering an exit strategy and Concierge's ready ability to accommodate them. They have a solid, profitable business in a friendly economic environment that also happens to dovetail nicely with our development stage business of vehicle security and analytics currently underway here in the USA at Kahnalytics. We're looking forward to completing the steps as needed to close the transaction within a very short time."
The planned acquisition remains contingent upon completion of various disclosure schedules required for closing, determination of any final purchase price adjustments as well as any regulatory approvals that are usual and customary for transactions of this nature.
About Concierge Technologies, Inc.
Concierge Technologies, Inc. operates through its wholly-owned subsidiaries Gourmet Foods, Ltd. in Tauranga, New Zealand, a commercial-scale manufacturer and distributor of New Zealand gourmet meat pies, and Kahnalytics, Inc. a US based provider of live streaming mobile video, vehicle tracking and driver behavior data. Kahnalytics was founded by Concierge in June 2015 and has recently launched its online platform and begun accepting subscribers to its service. The Company completed the acquisition of New Zealand-based Gourmet Foods Ltd., a well-established producer of popular New Zealand meat pies and bakery products under recognized supermarket brand names "Pat's Pantry" and "Ponsonby Pies" on August 12, 2015. Management is actively seeking the acquisition of established enterprises with a high likelihood of profitability to add to its growing, diverse portfolio of operating businesses.
This release may contain "forward-looking statements" that include information relating to future events and future financial and operating performance. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. For a more detailed description of the risk factors and uncertainties affecting Concierge Technologies or its subsidiary companies, please refer to the Company's recent Securities and Exchange Commission filings, which are available at the Company's website or at www.sec.gov.
For more information about Gourmet Foods, Ltd. please visit www.gourmetfoodsltd.co.nz.
For more information about Concierge Technologies, Inc. or Kahnalytics, Inc. contact:
SOURCE: Concierge Technologies, Inc.