Las Vegas, NV -- (SBWIRE) -- 10/01/2013 -- Medora Corp (OTCBB:XUII) declared that it purchased RFID business from Inova Technology INVA. The company also acquired Trakkers and RightTag from Inva. Acquisition is made in exchange with 2 million preferred shares of the company.
Medora Corp stated that the company plans to operate in two main segments of network and RFID. The two new segments will be working independently on their business plans.
CEO of the acquired business Adam Radly stated that with $18 million annual revenues, INVA still had very little market capitalization. The company thus get rids of the business by selling it with hope that Medora can run it better.
Xumanii or Medora Corp delivers online live streaming services on its Website. The company provides embedded player that can be inserted on other Websites for streaming. It also offers Xumanii-Facebook application that allows the producers viral marketing. The company allows selling digital tickets, contact sponsorship support for production and add pre-recorded commercials to live streaming content.
To find out what OTCMAGIC projects for Medora Corp for both short term and long term please click here: XUII
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