Brecksville, Ohio, June 29, 2012 (GLOBE NEWSWIRE) -- League Now Holdings (LNWZ.OTCBB) CEO Reflects on recent acquisition of Infiniti Systems and discusses future growth plans.
On January 31st, 2012, League Now Holdings acquired Infiniti Systems Group, Inc., ("Infiniti") an Information Services Technology company headquartered in Brecksville, Ohio. The transaction was a reverse acquisition, pursuant to which the management of Infiniti were appointed as the new officers and directors. Mr. John Bianco, Chief Executive Officer of Infiniti, was appointed CEO of League Now, in such capacity I would like to take this opportunity to update our shareholders on the progress we are making to build a successful company. Since the closing of the transaction I have been focused on restructuring the board of directors. As Chief Executive Officer, I addressed all of the company reporting requirements in this very exciting transition period. At this point I would like to introduce myself, and give our shareholders some insight into management's plans for the future.
I have been in the Information Technology Industry for 42 years and successfully built a division of an IT consulting company which was sold to Cap Gemini in the 1989 for $30,000,000. Since that time, I have focused on building a consulting practice that serves small and large companies with customized IT solutions that solve business challenges in many vertical markets. Infiniti Systems has been in business since 1994. The company provides a wide variety of IT consulting, project and security services. Infiniti was recognized nationally by Inc. Magazine's highly-coveted "Inc. 500" as one of the nation's fastest-growing private companies. ISG is a registered Federal Government contractor, a Microsoft Gold Certified Partner, a McAfee Security Alliance Elite Partner, and is a preferred channel partner for a number of other nationally recognized IT and security vendors. For more information, please visit www.infinitisystems.com ;
The new vision going forward is to build another large services company with a national presence and broad solutions to meet the challenges of the new technology while improving the security of company data, networks and mobile platforms.
Our immediate business plan is to acquire IT Services companies in the northeast region. We will put into place an acquisition committee to assist management in identifying candidates that we can vertically integrate, while adding substantive value for our shareholders. This committee will be in place in the next quarter and will consist of highly trusted and skilled professionals we can rely upon for guidance. We are primarily looking to acquire complimentary Information Technology companies to expand our territorial reach and provide additional service and product specializations.
As the second quarter is coming to a close, we believe our revenue will be on target for 20% growth for the year of $4.2 million. The market in the IT business is still expanding and we see continued growth through 2013. We are making a large investment in growth and our plan is to be a $20 million company through strategic acquisitions. We stand ready to meet the challenges in this ever changing technology cycle, while improving data and networks along with the rapidly growing mobile platforms.
We have laid the foundation on which to build a great business with a big future. Thank you for your continued support as we take the company forward.
Sincerely,
John L. Bianco
Media services by: EquityDigest.com
Forward-looking statements: This release contains forward-looking statements that involve risks and uncertainties. League Now actual results may differ materially from the results discussed in the forward-looking statements. Factors that might cause such a difference include, among others, certain risks and uncertainties over which the company may have no control. For further discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see the discussions contained in League Now Annual Report on its SEC filings.