We are very pleased that we were able to complete this merger, we believe this was a necessary step that will allow us to fully implement our plan of operations.
Harbor City, CA (PRWEB) May 03, 2011
Anoteros, Inc. (OTCBB: ANOS) is pleased to announce the completion of a merger with COA Holdings, Inc., a Nevada corporation. Anoteros has acquired COA Holdings, Inc. through the merger of COA Holding, Inc. into Antero Payment Solutions, Inc., a Nevada corporation and wholly-owned subsidiary of Anoteros. As a result of the merger, COA Holdings will continue its current line of business as a wholly-owned subsidiary of Anoteros and will conduct its future operations under the name Antero Payment Solutions, Inc. Upon completion of the transaction, the former COA Holdings, Inc. shareholders will own approximately 90% of Anoteros, Inc. issued and outstanding common stock.
Antero Payment Solutions, Inc. is a global provider of information management and electronic commerce systems for the financial services industry. The company has developed a wide range of e-commerce platforms to ensure secure electronic payments for checking, debit card, prepaid card and mobile payment applications; providing merchants with opportunities for lower cost structures and the potential to increase their client bases.
Michael J. Sinnwell, Jr. the Company’s new President, Chief Executive Officer and Secretary stated, “We are very pleased that we were able to complete this merger, we believe this was a necessary step that will allow us to fully implement our plan of operations.” Mr. Sinnwell also noted “This opportunity will allow us to maximize our previous efforts, and will afford both the Company and our shareholders the best long-term opportunity to see our previous efforts realized.”
Mr. Sinnwell has more than 17 years experience in all aspects of information technology and has been with COA Holdings, Inc. since June of 2004. In addition to Mr. Sinnwell, the Company has added Mr. Michael Lerma as a member of our Board of Directors and as our new CFO. Mr. Lerma brings 20 years experience in the financial services industry to the Company. We have also added, Mr. Robert H. O’Connor as a member of our Board of Directors. Mr. O’Connor has 30 years experience in business and real estate financing.
“Safe Harbor Statement” Under the Private Securities Litigation Reform Act of 1995: Certain statements in this news release are "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements are based on our current expectations and beliefs and are subject to a number of risk factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks are to be included in filings with the Securities and Exchange Commission, all of which are to be available at http://www.sec.gov. We disclaim any intention or obligation to revise any forward-looking statements, including, without limitation, financial estimates, whether as a result of new information, future events or otherwise.
24328 Vermont Ave #300
Harbor City, CA. 90710
Toll free 800.499.0072
# # #