EX-99.1
2
exhibit991.htm
PRESS RELEASE ON ACQUISITION
Converted by EDGARwiz
iGAMBIT
Acquires
Assets and Operations of
IGX-GLOBAL
Acquired Operations expected to show revenue of $39
million for the year ending December 31, 2012
Press Release
: iGambit Inc - Mon, Jan 7, 2013 12 PM EST
SMITHTOWN,
NY.,
Jan.
7,
2013
/PRNewswire/
--
iGAMBIT,
Inc.
(OTCQB:
IGMB),
a
diversified
technology
development
and
holding
company,
announced
that
on
December
31,
2012
it
acquired
the
assets
and
business
of
igxGlobal,
Inc
and
igxGLOBAL UK
Limited
("igxGLOBAL"). igxGLOBAL is an internationally recognized information technology services
company with core competencies in IT network infrastructure and data security solutions.
The acquisition was structured as a stock and asset purchase for a combination of cash, notes and
iGambit
common
stock
A
portion
of
the
purchase
price
will
be
escrowed
based
on
the
future
performance of igxGLOBAL over a three-year period.
The
new
iGAMBIT
subsidiary
will
be
known
as
IGXGLOBAL,
Corp.
and
IGX
EMEA,
respectfully.
With
world
headquarters
in
Rocky
Hill,
Connecticut
and
European
headquarters
in
Canterbury
Kent,
England,
IGXGLOBAL
provides
best-of-breed
information
network
and
security
integration
products
and
services
to
enterprise
customers
of
all
sizes
throughout
North
America
and
Europe.
The
largest
industries
served
by
IGXGLOBAL
customers
include
major
banks,
financial
securities
companies,
stock
exchanges,
insurance
companies,
hospital
groups,
and universities.
The
company is
a value-added
reseller of over twenty IT
network
and security
products.
Thomas Duffy, the sole owner of igxGLOBAL prior to the sale, will continue to serve as
President
and
CEO
of
IGXGLOBAL,
Corp.
Thomas
stated,
"We
are
delighted
to
become
the
keystone business of iGambit and believe by taking a leading role in this public company we can
grow
a
very
profitable
and
significant
company
in
the
IT
segment
of
the
industry.
Our
plan
will
be
to
seek
growth
both
internally
and
by
combining
with
other
IT
consulting
companies
that
bring complementary products and services that support the business needs that our many
customer relationships have shared with us".
John
Salerno,
Chairman
and
CEO
of
iGambit,
said,
"We
have
looked
long
and
hard
for
technology
companies
that
can
benefit
from
ownership
in
the
iGambit
holding
company
model
and
that
exhibit
exceptional
management
and
significant
potential
for
growth. I
am
pleased
to
report
that
we
have
found
a
terrific
opportunity
for
iGambit,
igxGLOBAL
and
our
stakeholders
in
this
combination. We
look
forward
to
having
a
close
and
rewarding
relationship
with
Tom
Duffy
and
the
igxGLOBAL
team
as
they
seek
to
continue
on
their
mission
of
providing
critical
services
and
products
in
the
expanding
and
dynamic
IT
infrastructure
and
security
space,
while
creating value for all of our shareholders".
About iGambit Inc:
iGambit (OTCBB: IGMB,
www.igambit.com
) is a fully
reporting
publicly-held
company
focused
on
the
technology
markets. The
stock
has
not
been
listed
for
trading pending the
acquisition of a substantial business of the size of
igxGLOBAL.
Prior to the
acquisition
of
igxGLOBAL,
iGambit
had
one
operating
subsidiary
in
the
business
of
providing
media
technology
services
to
the
real
estate
industry.
iGambit's
focus
is
to
grow
its
businesses
and
seek
additional
accretive
technology
companies
that
might
benefit
from
public
ownership.
iGambit
plans
to
assume
an
active
role
in
the
development
and
growth
of
igxGLOBAL,
providing both strategic guidance and operational support.
About
igxGLOBAL
Inc.:
igxGLOBAL (
www.igxGLOBAL.com
),
now
a
subsidiary of
iGambit,
Inc.,
provides
enterprise
clients
security
and
network
infrastructure
services
and
products.
Working
independently,
or
alongside
key
technology
partners,
igxGLOBAL
brings
a
wealth
of
solutions
experience
to
that
help
clients
to
develop,
deploy
and
sustain
an
effective
long
term
network and information security practice. igxGLOBAL delivers on these
solutions by providing
clients with the intelligence required to make informed decisions, the products that provide
insight
and
enforcement,
the
expertise
and
operational
support
to
ensure
smooth
integration
and
performance.
igx
GLOBAL
is
committed
to
helping
its
clients
design,
operate
and
assure
their
networks with greater flexibility, security, efficiency and scalability.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this document and elsewhere by iGambit are "forward-looking statements"
within
the
meaning
of
the
Private
Securities
Litigation
Reform
Act
of
1995.
Such
information
includes,
without
limitation,
the
business
outlook,
assessment
of
market
conditions,
anticipated
financial
and
operating
results,
strategies,
future
plans,
contingencies
and
contemplated
transactions of the company. Such forward-looking statements are not guarantees of future
performance
and
are
subject
to
known
and
unknown
risks,
uncertainties
and
other
factors which
may
cause
or
contribute
to
actual
results
of
company
operations,
or
the
performance
or
achievements
of
the
company
or
industry
results,
to
differ
materially
from
those
expressed,
or
implied
by
the
forward-looking
statements.
In
addition
to
any
such
risks, uncertainties
and
other
factors
discussed
elsewhere
herein,
risks,
uncertainties
and
other
factors
that
could
cause
or
contribute
to
actual
results
differing
materially
from
those
expressed
or
implied
for
the
forward-
looking
statements
include,
but
are
not
limited
to
fluctuations
in
demand;
changes
to
economic
growth in the U.S. and the European economy U.S. and EU government policies and regulations,
including,
but
not
limited
to
those
affecting
the
t
and
IT
solutions
industry.
iGambit
undertakes
no
obligation
to
publicly
update
any
forward-looking
statements,
whether
as
a
result
of
new
information, future events or otherwise. Actual results, performance or achievements could differ
materially from those anticipated in such forward-looking statements as a result of certain
factors, including those set forth in iGambit Inc's filings with the Securities and Exchange
Commission.
Investor Contact:
Jeff Ramson, CEO
ProActive Capital Group LLC
646-863-6341 jramson@proactivecapitalgroup.com

EX - 99 . 1 2 exhibit991 . htm PRESS RELEASE ON ACQUISITION Converted by EDGARwiz iGAMBIT Acquires Assets and Operations of IGX - GLOBAL Acquired Operations expected to show revenue of $ 39 million for the year ending December 31 , 2012 Press Release : iGambit Inc - Mon , Jan 7 , 2013 12 PM EST SMITHTOWN , NY . , Jan . 7 , 2013 / PRNewswire / -- iGAMBIT , Inc . ( OTCQB : IGMB ) , a diversified technology development and holding company , announced that on December 31 , 2012 it acquired the assets and business of igxGlobal , Inc and igxGLOBAL UK Limited ( " igxGLOBAL " ) . igxGLOBAL is an internationally recognized information technology services company with core competencies in IT network infrastructure and data security solutions . The acquisition was structured as a stock and asset purchase for a combination of cash , notes and iGambit common stock A portion of the purchase price will be escrowed based on the future performance of igxGLOBAL over a three - year period . The new iGAMBIT subsidiary will be known as IGXGLOBAL , Corp . and IGX EMEA , respectfully . With world headquarters in Rocky Hill , Connecticut and European headquarters in Canterbury Kent , England , IGXGLOBAL provides best - of - breed information network and security integration products and services to enterprise customers of all sizes throughout North America and Europe . The largest industries served by IGXGLOBAL customers include major banks , financial securities companies , stock exchanges , insurance companies , hospital groups , and universities . The company is a value - added reseller of over twenty IT network and security products . Thomas Duffy , the sole owner of igxGLOBAL prior to the sale , will continue to serve as President and CEO of IGXGLOBAL , Corp . Thomas stated , " We are delighted to become the keystone business of iGambit and believe by taking a leading role in this public company we can grow a very profitable and significant company in the IT segment of the industry . Our plan will be to seek growth both internally and by combining with other IT consulting companies that bring complementary products and services that support the business needs that our many customer relationships have shared with us " . John Salerno , Chairman and CEO of iGambit , said , " We have looked long and hard for technology companies that can benefit from ownership in the iGambit holding company model and that exhibit exceptional management and significant potential for growth . I am pleased to report that we have found a terrific opportunity for iGambit , igxGLOBAL and our stakeholders in this combination . We look forward to having a close and rewarding relationship with Tom Duffy and the igxGLOBAL team as they seek to continue on their mission of providing critical services and products in the expanding and dynamic IT infrastructure and security space , while creating value for all of our shareholders " . About iGambit Inc : iGambit ( OTCBB : IGMB , www.igambit.com ) is a fully reporting publicly - held company focused on the technology markets . The stock has not been listed for trading pending the acquisition of a substantial business of the size of igxGLOBAL . Prior to the acquisition of igxGLOBAL , iGambit had one operating subsidiary in the business of providing media technology services to the real estate industry . iGambit 's focus is to grow its businesses and seek additional accretive technology companies that might benefit from public ownership . iGambit plans to assume an active role in the development and growth of igxGLOBAL , providing both strategic guidance and operational support . About igxGLOBAL Inc . : igxGLOBAL ( www.igxGLOBAL.com ) , now a subsidiary of iGambit , Inc . , provides enterprise clients security and network infrastructure services and products . Working independently , or alongside key technology partners , igxGLOBAL brings a wealth of solutions experience to that help clients to develop , deploy and sustain an effective long term network and information security practice . igxGLOBAL delivers on these solutions by providing clients with the intelligence required to make informed decisions , the products that provide insight and enforcement , the expertise and operational support to ensure smooth integration and performance . igx GLOBAL is committed to helping its clients design , operate and assure their networks with greater flexibility , security , efficiency and scalability . Cautionary Note Regarding Forward - Looking Statements Certain statements in this document and elsewhere by iGambit are " forward - looking statements " within the meaning of the Private Securities Litigation Reform Act of 1995 . Such information includes , without limitation , the business outlook , assessment of market conditions , anticipated financial and operating results , strategies , future plans , contingencies and contemplated transactions of the company . Such forward - looking statements are not guarantees of future performance and are subject to known and unknown risks , uncertainties and other factors which may cause or contribute to actual results of company operations , or the performance or achievements of the company or industry results , to differ materially from those expressed , or implied by the forward - looking statements . In addition to any such risks , uncertainties and other factors discussed elsewhere herein , risks , uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward - looking statements include , but are not limited to fluctuations in demand ; changes to economic growth in the U . S . and the European economy U . S . and EU government policies and regulations , including , but not limited to those affecting the t and IT solutions industry . iGambit undertakes no obligation to publicly update any forward - looking statements , whether as a result of new information , future events or otherwise . Actual results , performance or achievements could differ materially from those anticipated in such forward - looking statements as a result of certain factors , including those set forth in iGambit Inc 's filings with the Securities and Exchange Commission . Investor Contact : Jeff Ramson , CEO ProActive Capital Group LLC 646 - 863 - 6341 jramson@proactivecapitalgroup.com
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