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Apple iSports Signs Letter of Intent to Acquire AmeriCrew Inc.
Globenewswireยท 2025-05-15 12:30
Core Viewpoint - Apple iSports Group, Inc. has signed a non-binding Letter of Intent to acquire AmeriCrew Inc., which aligns with its strategic growth plans in the entertainment, media, and iGaming sectors [1][3][7]. Strategic and Financial Rationale - The acquisition supports Apple iSports' goals by securing valuable assets and recurring revenue streams, positioning the company as a leading player in the U.S. sports, media, and entertainment landscape [3][4]. - The strategic combination aims to address infrastructure and connectivity gaps in the digital landscape, enhancing high-speed access to content and empowering athletes and content creators [4][5]. Management Insights - Kelley Dunne, CEO of AmeriCrew, emphasized that Apple iSports has the necessary skills for acquisition, including experienced management and growth opportunities in the gaming and entertainment sectors [5]. - Joe Martinez, Chairman and CEO of Apple iSports, expressed excitement about the acquisition, highlighting the combined strengths and potential for success in the rapidly growing markets [5][7]. Transaction Details - The acquisition is expected to close in the third quarter of 2025, pending regulatory approvals and shareholder consent [7]. - AmeriCrew will continue to operate under its brand, led by its current CEO, and the purchase price will be a combination of cash and Apple iSports common stock [7]. About AmeriCrew - AmeriCrew focuses on providing infrastructure services, including fiber deployment and clean energy solutions, and aims to reduce latency and enhance security in broadband connections [8][13]. - The company is recognized for its innovative contributions to telecommunications, particularly in deploying advanced wireless networks [9][12].