


NIS Holdings Announces Agreement to Acquire Alpha Dynamic Group Inc.
NEW YORK, NY--(Marketwire - February 1, 2011) - NIS Holdings (
This latest move follows NIS Holdings' nine month long search for a company with the technology to push its business plan. The plan calls for a single core transaction engine capable of large transaction volume per second. The short list included three companies, of which Alpha Dynamic Group Inc. finally prevailed.
Alpha dynamic Group Inc. has been working on this project since 2008, the company was officially incorporated in December 2010 following the completion of the project.
"Consumers are demanding lower prices in this recession, they are seeking ways to reduce their expenditure while simultaneously trying to keep intact, or increase, their buying power. At the same time many retailers have seen their sales drop and are in need of help in retaining their customers, as well as their customers' expenditure," said Vassiliki Anagnostou, Director and Secretary of NIS Holdings.
"Following the acquisition of Alpha Dynamic Group Inc., NIS Holdings will finally be in the position to implement its business plan and help address the issues facing both consumers and retailers," added Chris Kiltsikis, President and CEO of NIS Holdings.
"In the coming weeks, NIS Holdings will be unveiling its plans for the coming years. This is an exciting time for us, as all our hard work is on the brink of realization. Once the Acquisition is complete we will be changing the board of directors of Alpha Dynamic Group Inc. and working very closely with the creative teams to implement our vision," concluded Vassiliki Anagnostou.
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