Grayling Signs MOU To Purchase North American Operations Of Sentai Software
Acquisition Expands Grayling's Technology Offerings
CALGARY, Aug. 25 /PRNewswire-FirstCall/ - Grayling Wireless USA Inc.
(Pink Sheets: GRYW) announced today that it has signed a memorandum of
understanding with Metaform Venture Corp., a privately-held Alberta
corporation, to purchase the North American operations of Sentai Software of
Edmonton, Alberta.
Sentai Software provides complete distribution and financial solutions to
businesses worldwide. Sentai's integrated applications deliver an efficient
cost effective environment for companies to manage their front office,
distribution, warehouse and e-commerce requirements in the industrial,
consumer goods and electronic industries. Sentai's family of products employ
diverse technologies to create seamless solutions that are inherently
flexible, multi-lingual, multi-currency enterprise applications spanning the
Internet, wireless and LAN/WAN environments to deliver powerful business to
business and business to consumer services. Sentai's full suite of
applications for business intelligence, automated warehouses, sophisticated
replenishment and superior customer service operate in multiple computing
environments and are HTML and XML enabled. Sentai has been installed
internationally on desktops in companies as diverse as Domino's Pizza,
Brenntag and AT&T with installs ranging from single locations to complex
distributed networks supporting thousands of users. (For more information on
Sentai Software, call 1-888-773-6824 or via the Internet at www.sentai.com).
Jeff Love, Chief Executive Officer of Grayling Wireless stated 'We are
very excited to be working with the terrific management and staff at Sentai.
They have achieved an impressive 20 year history of solid growth and financial
success in a competitive and dynamic marketplace and we are certainly looking
forward to reporting future earnings within the Grayling consolidation'. Mr.
Love continues, 'When we reviewed our operations for V-Trax it became clear
that Sentai has exactly the right expertise to manage the technical and
licensing aspects of our GPS business. This acquisition will significantly
mitigate the need for V-Trax to invest in expertise and infrastructure
elsewhere. We are very enthusiastic about this pending acquisition and look
forward to working with the Sentai team in growing this company to its full
potential'.
The MOU contemplates the purchase of Sentai's operating companies in
Canada and the U.S. The transaction is conditional upon Grayling's due
diligence, the completion of a fairness review and approvals from both Boards
of Directors. The parties are moving forward with the best of intentions to
complete a transaction.
About GRYW:
Grayling, based in Calgary, Alberta, is an innovator and integrator of
emerging technologies. Our goal is to seek out and evaluate external growth
opportunities, including mergers and acquisitions that add incremental
shareholder value, extend the company's market penetration and add to its
technical competencies. Grayling will continue to bring market ready
technologies and services to the world. Currently, Grayling's ClearCalm(TM)
provides clear, hands-free communications in a variety of safety related
applications. Grayling's V-Trax, provides vehicle location and tracking
solutions through our world class installation & call center in Gabarone,
Botswana. For further information, visit www.gryw.com.
This press release contains forward-looking statements within the
definition of section 27A of the Securities Act of 1933, as amended, and
section 21E of the Securities Act of 1934, amended. These forward-looking
statements should not be used to make an investment decision.
SOURCE Grayling Wireless USA Inc.
