“Ultimate Sports, Inc. (Pink Sheets:USPS), a manufacturer and supplier to the recreational vehicle industry, today announced the company has completed a Letter of Intent to acquire exercise equipment maker, Extreme Fitness Inc. Under the terms of the acquisition, Ultimate Sports Inc. will issue 1,000,000 preferred, restricted shares of stock in exchange for 100% ownership of Extreme Fitness. The company anticipates this acquisition will close during the second quarter of this year. Upon completion, all revenues and...
http://www.marketwatch.com/story/ultimate-sports-inc-announces-letter-of-intent-to-acquire-extreme-fitness-inc-2010-05-12?reflink=MW_news_stmp
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