|
July 28,
2008
Kelyniam Enters Acquisition Negotiations with
Canadian Technology Company
Monday July 28, 4:00 pm ET
Little Rock, Arkansas--(BUSINESS WIRE)—Kelyniam
Global, Inc.
(OTC:KLYG
-
News), an advanced Engineering and Rapid
Prototyping Company specializing in CADCAM
technology, today announces negotiations have
begun to acquire Canadian Technology Firm, Bimen
Business Consultants (www.bimenbusiness.com)
as a wholly owned subsidiary.
James Ketner, President and CEO of Kelyniam
Global, Inc. stated: “The merger will add
significant shareholder value, and will position
Kelyniam with future opportunities which will
allow us continued growth, and to operate at
very high profit margins. Bimen Business
Consultants has been operating profitably for
over 20 years. This merger alone has the
potential to significantly raise the 2009
earnings forecast we released on July 22, 2008.
Since revenue generated from the acquisition
will be in Canadian dollars, Kelyniam will now
have earnings diversity across more than one
currency.”
The President of Bimen Business, Mr. Tom
Caringi, has agreed to make a significant
investment in Kelyniam to reassure management
and shareholders his long term commitment to the
success of the merger.
Mr. Caringi founded Bimen Business Consultants
in 1987 and will continue to manage and oversee
all operations of Bimen under Kelyniam Global,
Inc.
Mr. Caringi added: “I believe this acquisition
will give both companies a total value that is
greater than the sum of the individuals. This
merger will allow Bimen Business and Kelyniam to
achieve future goals by the compliment of each
firm’s existing technologies. Mr. Ketner has
explained in detail the direction of Kelyniam
Global Incorporated, and I am exited about being
part of this direction and team.”
More information about Kelyniam Global, Inc. and
Bimen Business Solutions can be found by
following the links provided on website at
www.kelyniam.com or
www.bimenbusiness.com. |