Attached files
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EX-4.2 - FORM OF CERTIFICATE OF DESIGNATIONS OF NOVUME SERIES B CUMULATIVE CONVERTIBLE PR - Rekor Systems, Inc. | exhibit42-formofcertifica.htm |
EX-4.1 - FORM OF REGISTRATION RIGHTS AGREEMENT, BY AND AMONG NOVUME SOLUTIONS, INC., G&W - Rekor Systems, Inc. | exhibit41formofregistrati.htm |
EX-2.1 - PLAN OF PURCHASE, SALE, REORGANIZATION, ARRANGEMENT, LIQUIDATION OR SUCCESSION - Rekor Systems, Inc. | exhibt21agreementandplano.htm |
8-K - 8-K - Rekor Systems, Inc. | a8k.htm |
Exhibit
99.1
Novume
Solutions, Inc. to Acquire Global Technical Services, Inc. and
Global Contract Professionals, Inc.
Acquisition is Novume’s Entree into Staffing
Industry
CHANTILLY, VA. — September 22,
2017 — (ACCESSWIRE) — Novume Solutions, Inc. (OTCQX:
NVMM, NVMMP and NVMMW), a holding company of leading professional
services firms, announced today the signing of a definitive
agreement to acquire Global Technical Services, Inc. and
Global Contract Professionals, Inc. (collectively
“Global”) in a cash and stock transaction valued at
$3.75 million. Global consists of two privately-held, Fort Worth,
Texas-based companies under common ownership that provide contract
and direct-hire staffing services to the aviation maintenance,
aerospace, electronics, and defense industries. The transaction is
expected to close on or about October 1, 2017. Additional
information regarding the transaction is available in our Current
Report on Form 8-K filed with the Securities and Exchange
Commission (the “SEC”) on September 22, 2017 and also
available on the SEC
Filings page of the Novume website.
“The
acquisition of Global adds to our suite of specialty professional
services firms that focus on delivering critical human resources
and definitive knowledge to the right place at the right time. We
anticipate that the acquisition will add in excess of $35 million
of revenues to Novume’s top-line in 2018. This is an
important step in realizing our strategic plan to expand Novume
through acquisitions and organic growth and provides a foundation
for future expansion and acquisitions in the aerospace and aviation
staffing industry,” said Robert Berman, Novume’s Chief
Executive Officer.
Kenny Boner, Global’s
President said “This is an exciting time for us. We are eager
to become part of Novume 's vision of providing a full spectrum of
human capital solutions for the nation’s leading businesses.
With Novume's leadership and Team Global's 28 years of staffing
presence, we believe will have many opportunities to expand our
footprint rapidly”.
The
Global acquisition is Novume’s first acquisition, and comes
just weeks after Novume was formed through the merger of KeyStone
Solutions, Inc. and Brekford Traffic Safety, Inc. Earlier in 2017,
KeyStone acquired Firestorm Solutions, LLC, a
national leader in both risk and crisis management, and in 2016,
KeyStone acquired AOC Key
Solutions, Inc., a firm specializing in managing and writing
proposals, winning contracts, and providing market assessment
services for government contractors. Historically, Novume’s
subsidiary companies have helped their clients win more than $160
billion of contracts. Novume is expanding its suite of services to
enable the company to help its clients not only win work but
perform it as well.
The
Benchmark Company, LLC acted as financial advisor to Novume for the
Global transaction.
About Novume Solutions, Inc.
Novume
is a holding company of leading professional services firms. These
firms aggregate highly-specialized, difficult-to-find talent and
have the scale and systems to deploy that talent efficiently at the
enterprise-level at a moment’s notice. Novume focuses on the
logistics of procuring highly-specialized human resources and
delivering critical definitive knowledge to the right place at the
right time. Whether we manage our client’s workforce or
provide them with the tools to manage their own success, they need
exceptional people with distinctive experience. We do
that.
Novume
subsidiaries have had a history of success dating as far back as
1983 and their clients include 87 of the top-100 federal
contractors as well as numerous Fortune 100 companies.
For
more information, please visit Novume.com.
About Global Technical Services, Inc. and Global Contract
Professionals, Inc.
Global
has provided premier contract and direct-hire staffing services to
the aviation maintenance, aerospace, electronics, and defense
industries since 1989. With access to over 70,000 talented
professionals, Global’s staffing solutions range from
one-person placements to 300-person requisitions in the US and
abroad. The company’s state-of-the-art resume retrieval
software allows for responses with carefully screened and
thoroughly verified candidates within minutes of staffing requests.
In-house drug testing, background screening and payroll services
complement Global’s core staffing services. At Global -- We
are the solution.
Global
Technical Services specializes in providing the commercial aviation
and government aerospace industry with experienced maintenance and
modification specialists. Global Contract Professionals expertise
is in recruiting and placing experienced aerospace engineering and
design professionals in the world's most prestigious engineering
firms and government facilities. The leadership at Global has over
100 years of combined experience at their clients’ disposal.
Both Global Technical Services and Global Contract Professionals
are based in Fort Worth, Texas.
For
more information, please visit TeamGlobal.com.
Forward-Looking Statements
This press release includes statements concerning Novume
Solutions, Inc. and its future expectations, plans and
prospects that constitute “forward-looking statements”
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Such forward looking statements are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. For this purpose, any statements that are not
statements of historical fact may be deemed to be forward-looking
statements. In some cases, you can identify forward-looking
statements by terms such as “may,”
“should,” “expects,” “plans,”
“anticipates,” “could,”
“intends,” “target,”
“projects,” “contemplates,”
“believes,” “estimates,”
“predicts,” “potential,” or
“continue,” by the negative of these terms or by other
similar expressions. You are cautioned that such
statements are subject to many risks and uncertainties that could
cause future circumstances, events, or results to differ materially
from those projected in the forward-looking statements, including
the risks that actual circumstances, events or results may differ
materially from those projected in the forward-looking statements,
particularly as a result of various risks and other factors
identified in our filings with the Securities and Exchange
Commission. All forward-looking statements contained in this press
release speak only as of the date on which they were made and are
based on management's assumptions and estimates as of such date. We
do not undertake any obligation to publicly update any
forward-looking statements, whether as a result of the receipt of
new information, the occurrence of future events, or
otherwise.
Contacts
Novume
Solutions, Inc.
Carl
Kumpf, CFO
info@novume.com
SOURCE: Novume Solutions,
Inc.
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