Red Alert Group, a private company specializing in homeland and global security, will keep its name in a deal to merge with San Antonio-based Nannaco Inc.
Upon consummation of the acquisition, Nannaco will elect a new slate of directors and officers drawn from Red Alert’s existing board and management team. Steven Careaga, Nannaco’s present chairman and CEO, will remain as a director.
Nannaco (OTC BB: NNCO) will change its name to Red Alert Group and obtain a new ticker symbol. The transaction is expected to close as soon as possible.
Red Alert Group primarily provides solutions for homeland security, cyber security, and private military security. The firm also is active in counterterrorism…creating measures, procedures, and training, as well as mitigation and recovery strategies.
With U.S. operations based in Atlanta, Red Alert Group also has government office in Washington. International offices are based in The Hague, Netherlands, with other representatives in Singapore and Kuwait.
“Red Alert’s successful history and more than $2 million of existing revenues,” stated Careaga, “present an exciting opportunity for Nannaco and its shareholders to enter the rapidly growing homeland security industry.”
Red Alert Group: www.redalertgroup.com