Datameg has acquired American Marketing

0 Comments | Deseret News (Salt Lake City), Dec 11, 2007

Datameg Corp., based in Salt Lake City, said Monday it has completed its acquisition of American Marketing & Sales Inc., which does business as Innovative Designs.

Datameg said in August that it had entered into an agreement to acquire the company for 15 million unregistered shares of Datameg common stock.

American Marketing & Sales is a $10 million company that markets finished food-packaging products nationwide to major supermarkets and food retailers. It was founded in Massachusetts in 1999. It will be operated as a wholly owned subsidiary of Datameg.

Datameg is a holding company with subsidiaries in the technology industry.