October 15, 2020, RTCORE Inc. (OTC Markets: “PPPS”), a Delaware corporation (the “Company”) entered into Non-binding Letters of Intent to acquire 100% of the equity of Conquest Group Inc., a South Carolina corporation (“Conquest Insurance”), and 100% Membership Interest in Spanish Moss Premium Finance LLC., a South Carolina limited liability company (“Spanish Moss”). Both acquisitions are expected to close on or before November 30th, 2020 with Definitive Agreements subject to RTCORE, Conquest Insurance and Spanish Moss obtaining necessary corporate approvals.
Through these anticipated acquisitions, RTCORE intends to demonstrate the operational and financial benefits of deploying its real time, cloud-native core processing software to Conquest Insurance and Spanish Moss clients, while expecting to increase the combined business value to all its stakeholders.
About RTCORE Inc.
Headquartered in Charlotte, NC, RTCORE Inc. is an industry leader in the design, development and commercial deployment of Cloud-native, real time transaction processing software for the global financial services industry.
Conquest Group Inc. is a South Carolina Insurance Brokerage Firm with offices located throughout the Lowcountry of South Carolina. Since 2007, Conquest advises its personal and business clients on the evaluation and purchase of the most appropriate policies to fulfill their Property & Casualty coverage needs.
Spanish Moss is a Premium Lending firm based in Hilton Head, South Carolina, providing insured parties with financing options to cover the cost of their insurance premiums.
Safe Harbor Statement - This press release may contain forward-looking information that involve a number of risks and uncertainties made pursuant to Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995, including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the company, its directors or its officers with respect to, among other things, the company’s business plans and the company's growth strategy and operating strategy. Words such as “strategy,” “expects,” “continues,” “plans,” “anticipates,” “believes,” “would,” “will,” “estimates,” “intends,” “projects,” “goals,” “targets” and other words of similar meaning are intended to identify forward-looking statements but are not the exclusive means of identifying these statements. Investors are cautioned that any forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of numerous and varied factors. RTCORE Inc. does not undertake to update any forward-looking statements except as required by applicable law. All subsequent written and oral forward-looking statements attributable to the company or any person acting on behalf of the company are expressly qualified in their entirety by the cautionary statements referenced above.
Contact: RTCORE Inc. +1 (704) 965-4087 contact@realtimecore.com
Contact Details
Phil Walton
+1 704-965-4087
Company Website
Charlotte, NC
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October 15, 2020 12:08 PM Eastern Daylight Time