- EdgeTech International, Inc. (OTC: EGIL) today confirmed the bid to buy-out the company for $0.50 per share, representing a valuation of $20,833.50 based on 41,667 shares outstanding.
"We welcome the bid by Acuo Technologies but do not wish to comment on it at this time." said Mr. Lev Parnas, Chief Executive Officer of EdgeTech. Further reflecting on the offer, Mr. Parnas said, "It will ultimately be up to the shareholders of EdgeTech to decide upon taking the offer."
The offer is contingent upon the fact that all shares are taken ahold of and the patented rights of "The PC Edge", the handheld device that EdgeTech has created.
About EdgeTech: EdgeTech is the leading authorized distributor of "The PC Edge", a robust handheld wireless internet access device which delivers High Speed Internet Access, displaying full HTML content, web pages, graphics, and javascript. It offers a full desktop experience, together with a larger functional keyboard than competitive products. The Company is currently located in Lauderdale by the Sea, Florida 33308. Its website address is www.thepcedge.com.
