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Edgeline Holdings Reaches Agreement to Acquire Intertech Bio



8/13/2007 1:03:55 PM

HOUSTON--(BUSINESS WIRE)--Edgeline Holdings, Inc. (OTCBB:ELHI) announced today that it has reached a non-binding agreement to acquire Intertech Bio, a newly formed biotech company that is located in Houston, Texas, in an all-stock transaction. “We are pleased that we have reached this tentative agreement with Intertech and will work in an expeditious manner to complete this acquisition within the next thirty days,” stated Carl A. Chase, Vice President of Edgeline Holdings. “We believe that Intertech will be a good fit in our portfolio as we continue to acquire early stage companies that have a tremendous upside opportunity.”

Read at BioSpace.com


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