ADDVANTAGE TECHNOLOGIES GROUP, INC. (NASDAQ:AEY) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement.
Asset Purchase Agreement to Acquire the Assets of Fulton Technologies, Inc. and Mill City Communications, Inc.
On December 27, 2018, the Company entered into an agreement to acquire substantially all of the assets of Fulton Tecnologies, Inc. (“Fulton”) and Mill City Communications, Inc.
The Agreement provides for a purchase price of $1.7 million and is expected to close in early January 2019.
Fulton has a strong reputation in the wireless services industry and maintains solid contractual relationships with the fourmajor U.S. wireless carriers, the national integrators and the original equipment manufacturers that support these wireless carriers.
Item 9.01 Financial Statements and Exhibits.
Press Release datedDecember 27, 2018 issued by the Company.
ADDVANTAGE TECHNOLOGIES GROUP INC Exhibit
EX-99.1 2 fulton-pressrelease_12272018.htm PRESS RELEASE DATED DECEMBER 27,…
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About ADDVANTAGE TECHNOLOGIES GROUP, INC. (NASDAQ:AEY)
ADDvantage Technologies Group, Inc., through its subsidiaries, distributes and services a range of electronics and hardware for the cable television (Cable TV) and telecommunications (Telco) industries. The Company provides equipment repair services to cable operators. The Company has two segments: Cable Television (Cable TV) and Telecommunications (Telco). The Company’s Cable TV segment sells new, surplus and refurbished cable television equipment to cable television operators or multiple system operators (MSOs) or other resellers that sell to these customers throughout North America, Central America, South America and to other international regions. The Company’s Telco segment offers its customers a range of used telecommunication equipment across various manufacturers consisting of component parts to expand capacity, provides spares or replaces non-working components. The Telco segment’s switching equipment products originate, terminate and route voice traffic.