NetMeasure Technology, Ltd.
OTC Bulletin Board : NMTH

August 04, 2005 09:00 ET

NetMeasure Technology, Ltd. Enters into Acquisition Agreement with S-Cam Co., Ltd.

BROOKLYN, NEW YORK--(CCNMatthews - Aug. 4, 2005) - NetMeasure Technology, Ltd. (OTCBB:NMTH) today announced that it has entered into a Reorganization and Stock Purchase Agreement whereby it will acquire 78.8% of the equity in S-Cam Co. Ltd., a Korean entity, which consists of 5,565,000 common stock (the "Acquisition"). Under the terms of the Acquisition, twenty three million, three hundred and five thousand (23,305,000) shares of the Company's common stock will be issued to the shareholders of S-Cam.

S-Cam produces under the brand name "Sorrell" MP3 and CD Players (developed by S-Cam), MP3 Players (OEM for Samsung Electronics & Others), Mobile Camera Modules (VGA, MEGA) and other devices such as Web Pads.

Contact Information

  • NetMeasure Technology, Ltd.
    Peter Laipnieks
    (250) 384-2077