Enhanced Services Completes Acquisition of Zulu-tek Assets

Enhanced Services Company Inc. said that it has completed the acquisition of the assets of Zulu-tek Inc. , in a transaction valued at approximately $30 million in convertible and redeemable preferred shares of Enhanced.

Enhanced Services Company Inc. said that it has completed the acquisition of the assets of Zulu-tek Inc., in a transaction valued at approximately $30 million in convertible and redeemable preferred shares of Enhanced.

The convertible preferred shares of Enhanced Services issued to Zulu-tek will be converted to common shares and distributed to Zulu’s shareholders promptly after the stockholders’ meeting and regulatory approval and registration, the company said. After the conversion of the preferred shares, Enhanced will have approximately 15,500,000 common shares outstanding.

Zulu-tek is the outfit that acquired SOFTBANK Interactive Marketing, prompting a lawsuit by former execs against SOFTBANK’s parent companies claiming they essentially ran the company into the ground. Zulu-tek continues to operate the ad network under the new name.

“This acquisition, combined with the pending acquisition of eCommerce Inc., will provide a unique combination of companies that will focus on fulfilling a significant need in the Internet market place: a quality ‘one-stop’ solution for companies that want to generate commerce on the Internet, said Roger Mincheff, Enhanced Services’ president, in a statement. “Currently, companies are realizing that in order to remain competitive in this environment, they have to effectively combine technology with e-commerce and interactive advertising: we will provide all three. In support of this strategy, we are reporting that Enhanced Services and Zulu-tek combined gross sales for July reached $1.46 million.”

Enhanced also said it has selected Sitrick & Company as its investor relations firm.

Subscribe to get your daily business insights

Whitepapers

US Mobile Streaming Behavior
Whitepaper | Mobile

US Mobile Streaming Behavior

5y

US Mobile Streaming Behavior

Streaming has become a staple of US media-viewing habits. Streaming video, however, still comes with a variety of pesky frustrations that viewers are ...

View resource
Winning the Data Game: Digital Analytics Tactics for Media Groups
Whitepaper | Analyzing Customer Data

Winning the Data Game: Digital Analytics Tactics for Media Groups

5y

Winning the Data Game: Digital Analytics Tactics f...

Data is the lifeblood of so many companies today. You need more of it, all of which at higher quality, and all the meanwhile being compliant with data...

View resource
Learning to win the talent war: how digital marketing can develop its people
Whitepaper | Digital Marketing

Learning to win the talent war: how digital marketing can develop its peopl...

2y

Learning to win the talent war: how digital market...

This report documents the findings of a Fireside chat held by ClickZ in the first quarter of 2022. It provides expert insight on how companies can ret...

View resource
Engagement To Empowerment - Winning in Today's Experience Economy
Report | Digital Transformation

Engagement To Empowerment - Winning in Today's Experience Economy

1m

Engagement To Empowerment - Winning in Today's Exp...

Customers decide fast, influenced by only 2.5 touchpoints – globally! Make sure your brand shines in those critical moments. Read More...

View resource