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FT. LAUDERDALE, Fla., Sept. 13, 2022 (GLOBE NEWSWIRE) — Aluf Holdings, Inc. (“AHIX”) (“the Company”) (OTC PINK: AHIX) introduced in the present day that it has terminated the Common Stock and Asset Purchase Agreement (the “Purchase Agreement”) by which it had agreed throughout December 2021 to amass ITBiometrics, Inc.
Closing below the Purchase Agreement had been topic to various situations and though the events have labored collaboratively over the previous 10 months, sure materials closing situations below the Purchase Agreement haven’t been met as required. Accordingly, now we have decided that it’s in one of the best curiosity of Aluf Holdings and our shareholders to stop pursuing the transaction.
“Although we have terminated the Purchase Agreement with ITBiometrics, we remain fully committed to the expansion of our technology platform through the acquisition of suitable businesses, including those within the biometric space”, states Sam Jakobs, CEO for Aluf Holdings.
About Aluf Holdings, Inc.:
Aluf Holdings, Inc. is a publicly traded holding firm whose core competency is to amass, handle and propel “Next Gen” know-how corporations into the longer term. Our focus contains Biometrics, Cybersecurity, Computer Vision, and Software/Hardware verticals.
For extra info go to www.aluf.com.
Safe Harbor Statement:
This launch contains “forward-looking statements” throughout the which means of Section 27A of the Securities Act of 1933, as amended, and Section 21E and/or 27E of the Securities Exchange Act of 1934 which are primarily based upon assumptions that sooner or later might show to not have been correct and are topic to vital dangers and uncertainties, together with statements as to the longer term efficiency of the corporate and the dangers and uncertainties detailed sometimes in reviews filed by the corporate with the Securities and Exchange Commission. Statements contained on this launch that aren’t historic information could also be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently unsure. Although the corporate believes that the expectations mirrored in its forward-looking statements are affordable, it can provide no assurance that such expectations or any of its forward-looking statements will show to be appropriate. Factors that might trigger outcomes to vary embody, however will not be restricted to, the corporate’s skill to boost needed financing, retention of key personnel, well timed supply of stock from the corporate’s suppliers, well timed product improvement, product acceptance, and the influence of aggressive companies and merchandise, along with normal financial dangers and uncertainties.
Corporate Contact:
Aluf Holdings, Inc.
Teresa McWilliams
Chief Financial Officer
866-793-1110
