AlphaRx to Acquire UMeLook Holdings
AlphaRx has signed a binding letter of intent to acquire all of the issued and outstanding shares of UMeLook Holdings Limited. The transaction is expected to close on or before August 15. UMeLook is a digital media startup and its first product is a global online advertising distribution platform with full motion video. The company is releasing a beta site www.umelook.com for public testing in China and the USA simultaneously.