DecisionPoint Systems Holding Completes Merger with Shell Company
DecisionPoint Systems, Inc. (OTCBB:CUSA) today announced that on June 18, 2009 it closed a definitive Agreement and Plan of Merger among DecisionPoint Systems, Inc., f/k/a Canusa Capital Corp. (the “Company”) and DecisionPoint Systems Holdings, Inc. (“DecisionPoint”) whereby DecisionPoint has become a wholly-owned subsidiary of the Company.
Pursuant to the merger, the Company acquired all of the issued and outstanding capital stock of DecisionPoint from DecisionPoint’s shareholders in exchange for 20,000,000 shares of the Company’s shares of common stock. The Company has applied to FINRA for a new trading symbol, which the Company anticipates will bear resemblance to the Company’s new name, DecisionPoint Systems, Inc. Until the new trading symbol is issued, the Company will continue to trade under CUSA, its old name and symbol.
DecisionPoint offers end-to-end software and hardware solutions and professional services for the global enterprise wireless mobile and RFID computing markets and Federal, State and local governments. DecisionPoint employs robust proprietary and industry standard software applications and best-of-breed wireless devices on the wireless web and wireless networks to connect remote workers to one another and capture dynamic data in real-time throughout an organization.
Nicholas Toms, Chief Executive Officer of DecisionPoint, stated, “We are excited about the completion of this transaction, as it will significantly enhance our financial flexibility and grant us access to additional capital as we strategically expand our business. We have benefited from sustained organic growth over the past 5 years, and are looking to complement this success with synergistic acquisitions and broader product and service offerings in high growth market segments.”
DecisionPoint was advised on the merger by Sichenzia Ross Friedman Ference LLP (www.srff.com). Additional information may be found on the Company’s recent filing on Form 8K.
Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties, which may cause a company’s actual results, performance and achievement in the future to differ materially from forecasted results, performance and achievement. These risks and uncertainties are described in the Company’s periodic filings with the Securities and Exchange Commission. The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in the Company’s plans or expectation.