SOURCE: Unisource Corporate Corp

Unisource Corporate Corp

SOURCE: ActivePoint

ActivePoint

December 17, 2015 16:15 ET

Unisource Signs Binding Letter of Intent to Merge With ActivePoint

MIAMI, FL--(Marketwired - December 17, 2015) - Unisource Corporate Corporation (OTCQB: USRC) has announced that the Company has signed a binding Letter of Intent to merge with ActivePoint, a global leader in digital marketing and sales solutions including: sales and marketing material automation, digital inventory management and logistics control, as well as e-catalog development and customer targeting. ActivePoint has operations in North America, Europe, the Pacific basin, as well as Israel.

The Letter of Intent paves the way for the Merger to be completed in January 2016, and is subject to the completion of due diligence and regulatory/shareholder approvals. Terms of the Merger, and combined revenue financials will be disclosed via an Information Statement which will be issued upon the ultimate closure of the Merger.

As part of the Merger, Ofer Moshe, Chief Executive Officer of ActivePoint, will be named as the new Chairman and CEO of Unisource. Jordan Serlin, current Chairman and CEO of Unisource, will step into an advisory role reporting directly to Mr. Ofer.

"When I joined Unisource in 2013, I told shareholders that we would rapidly expand the company while achieving annualized profitability within 24 months and we exceeded that goal," stated Jordan Serlin, Chairman of Unisource. "Now, in conjunction with ActivePoint, we will be able to expand internationally in one bold step. The Unisource family is excited and looking forward to working with the entire ActivePoint team on this rapid acceleration, as one company."

"Unisource has done an excellent job in creating a solid foundation for growth, and we couldn't ask for a better partner for our mutual continued expansion," stated Ofer Moshe, Chief Executive Officer of ActivePoint. "Our teams have already started working together for seamless integration, with 2016 set for significant revenue enhancements for the combined company."

For additional information on Unisource please visit www.unisourcecorp.com or call +1 (561) 228-5181.

About Unisource

Unisource, (OTCQB: USRC), a global transportation and logistics management company, aggregates third-party logistics (3PL) service companies as well as cloud-based logistic applications to improve efficiencies and deliver significant cost savings to users worldwide. In November 2012, USRC acquired Visionship, a SaaS-based proactive transportation management system, which delivers predictive, in-transit transportation data to users driving significant cost savings to manufacturers, distributors and carriers. In June 2014, USRC acquired Top Flight Concepts, a market leader in development of innovative customized freight management solutions, as well as TFConnect®, a complete shipping management system designed to directly connect shippers, brokers and carriers to facilitate all facets of shipping and freight data management. Serving all transportation modes, USRC provides core logistics services to users for ALL modes of shipping. With ability to ship anything, USRC currently operates in multiple industries of manufacturing including: automotive, printing, telecommunications, electronics, industrial products, food grade products, packaging, household and consumer goods among others. www.unisourcecorp.com

About ActivePoint

 ActivePoint specializes in creating multilingual sales and marketing publications for both print or digital media such as ebooks, ecatalogs and HTML emails. ActivePoint's products are designed to empower any company's marketers, logistics specialists, sales professionals and graphic designers to cost effectively produce these publications without any prerequisite of knowledge of graphic programs in a very timely manner as it is an automated process. Companies can now create new revenue opportunities and build on competitive strengths by managing and communicating targeted and specific information with their existing and potential customers. ActivePoint also offers fully customized solutions and has customers around the world. The company has been in business for over 16 years and is based in New York, NY with development facilities in Netanya, Israel and an office in the UK. ActivePoint is a registered trademark of ActivePoint LTD. For more information please visit www.activepoint.com.

Forward-Looking Statements Disclosure

This release contains forward-looking statements that reflect Unisource Corporate Corporation's and ActivePoint's plans and expectations. In this press release and related comments by Company management, words like "expect", "anticipate", "estimate", "forecast", "objective", "plan", "goal", "position", "equate", and similar expressions are used to identify forward-looking statements, representing management's current judgment and expectations about possible future events. Management believes these forward-looking statements and the judgments upon which they are based to be reasonable, but they are not guarantees of future performance and involve numerous known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.

Contact Information

  • Contacts:
    Unisource Investor Relations
    (561) 228-5181