Sorell, Inc. has announced that it has finalized the terms of its acquisition of Tojen Holdings Limited based in Staffordshire, England. Upon completion of the acquisition projected in the next few weeks, the name of Sorell will be changed to reflect Tojen's business and the company's trading symbol will be changed to reflect the new name.
With the acquisition of Sorell, Mr. Adams explained the scope of the opportunity: "Our core business will continue in areas where there are low barriers to entry" he stated. "Tojen's competitive advantage lies in our industry knowledge and the large number of established relationships with suppliers, buyers and regulatory authorities. The advantage for us will be the financial muscle that this transaction provides for our growth strategy. We have a capable management team that can create multiple profit streams with international penetration. We believe that Tojen represents a compelling risk/reward situation in its specialized segments of the global marketplace."
Bon Kwan Koo, Sorell's CEO advised that, "We are very excited by the potential of Tojen to bring a new marketplace and revenue stream to our shareholders. We believe that Tojen can take the company to an exciting level of growth. The acquisition of Sorell enables Tojen to participate in the public securities markets in the United States which can only help develop both their audience and their international growth strategy. This is a progressive move for all of our respective shareholders."
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