Aspire Enters Into Agreement To Divest Subsidiary

Aspire International Inc. (NASDAQ:APIT) announced that it has entered into a binding agreement to divest itself of its wholly-owned subsidiary, Perfisans Networks Corporation.

The press release states:

The terms of the agreement call for a group led by Perfisans’ founders, To-Hon Lam and Bok Wong, to acquire Aspire’s entire interest in Perfisans in exchange for a token cash payment and the assumption of $2,000,000 of Aspire debt.

To read the full press release, click here.