Held on 12 June 2015
Gradiente Infotainment announced that the Board of Directors of the Company at its meeting held on 12 June 2015, has considered and approved the following:1. Proposal to acquire a 36 year old U.S. Based Full Service Advertising Agency located in Orange County California for US $ 2 Million. The Company's activities include Print, Digital, Web Design, SEO & Social Media. Negotiations are in advance stage.
2. The Company proposes to enter into strategic partnership with Dubai Based Advertising Agency to cater its Clients in Middle East & N.Africa. The Dubai Based Advertising Agency will invest in the company/subsidiary to the tune of AED 1 Million shortly.
3. To raise the funds from the Individuals/Institutions both in India and abroad.
4. For the above stated purposes (1, 2 and 3), the Managing Director of the Company has been authorized to take the necessary steps as may be required including holding EGM/Postal ballot, if required, for obtaining the consent of the shareholders.
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