Xumanii International Holdings Corp (OTCPK:XUII) acquired RightTag, Inc. from Tesselon, LLC for $2 million in preferred stock on October 1, 2013. Xumanii International issued 2 million preferred shares of Xumanii. In addition to the $2 million of preferred stock of Xumanii, the transaction also includes a commitment from Xumanii to file an S1 registration Statement that, upon being deemed effective by the SEC, will allow Inova shareholders to acquire one Xumanii share for each Inova share that they owned as at the effective date, October 1, 2013. Trakkers LLC has approximately $4 million of debt that will remain with Trakkers LLC. Revenue for Trakkers for the fiscal year ending April 2013 was $1.57 million. Inova Chief Executive Officer of Inova Technology, Adam Radly will temporarily hold the position of Chief Executive Officer of both Inova and Xumanii concurrently while the Board and senior management of Xumanii are adjusted to reflect its new business plan.


Xumanii International Holdings Corp (OTCPK:XUII) completed the acquisition of RightTag, Inc. from Tesselon, LLC on October 1, 2013.