CARY, N.C. …Â Mobile Reach Technologies, an enterprise software company serving the middleware sector for mobility, has agreed to merge with Asphalt Paving International (OTC: ASPH) of Ocoee, Fla.
Terms of the deal weren’t disclosed, but the companies said in a statement that they will try to complete the merger in early June and will operate under the name Mobile Reach International.
Mobile Reach develops and sells proprietary mobile application suites and provides consulting services in applying mobile technology.
Asphalt Paving was organized under the laws of the State of Florida to engage in any lawful business, according to a statement. The company was formed for the purpose of design and manufacture of asphalt-related equipment and also planned to compete in the asphalt paving business and to seek the acquisition of a paving and construction company.
But management of the company has unlimited discretion in determining the business activities in which the company will become engaged, the statement says. No word on how Mobile Reach’s software will be integrated into Asphalt Paving’s operations.
Mobile Reach Technologies: www.mobilereach.com