Photozou Co., Ltd entered into a share purchase agreement to acquire Exquisite Acquisition, Inc. from Thomas DeNunzio for $0.1 million.
January 19, 2017
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Photozou Co., Ltd entered into a share purchase agreement to acquire Exquisite Acquisition, Inc. from Thomas DeNunzio for $0.1 million on December 29, 2016. Commensurate with the closing, Exquisite Acquisition, Inc. filed with the Delaware Secretary of State, a Certificate of Amendment to change the name of Registrant to Photozou Holdings, Inc. The Board of Directors of Exquisite Acquisition, Inc. approved to change the name of the Company from “Exquisite Acquisition, Inc.” to Photozou Holdings, Inc.” The name change was also approved by a majority shareholder vote without conducting a shareholders’ meeting as permitted by the Delaware corporation act. On January 13, 2017, Thomas DeNunzio resigned as Chief Executive Officer, Chief Financial Officer, President, Director, Secretary, and Treasurer of Exquisite Acquisition and Koichi Ishizuka was appointed as Chief Executive Officer, Chief Financial Officer, President, Director, Secretary, and Treasurer.
Photozou Co., Ltd completed the acquisition of Exquisite Acquisition, Inc. from Thomas DeNunzio on January 13, 2017.
PHOTOZOU HOLDINGS, INC. is a Japan-based holding company. The Company operates through its wholly-owned Japanese subsidiary, which is engaged in advertising services and selling used cameras. Its business operations are primarily focused around the sale of used cameras sold through the Website https://shop.photozou.co.jp/, and online advertising through various channels. The Company conducts two types of advertising services. These services include managing online photo contests and Website advertising services specifically geared toward advertisements that are placed on The Photozou-Social Networking Service. The aforementioned service is a social networking Website, primarily for photo sharing.