CORAL SPRINGS, FL / ACCESSWIRE / February 2, 2015 / Information Systems Associates (IOSA) or ("ISA") will be presenting at The Brewer Group "Innovations" conference in Miami Beach, Florida on February 9, 2015. The presentation will be in conjunction with Duos Technologies of Jacksonville, Florida. In December 2014, the Companies announced the signing of a Letter of Intent to merge and have been actively working towards signing the definitive Merger Agreement and closing subject to complying with all regulatory requirements. Closing is expected to occur by March 31, 2015.
The combined Company anticipates executing on its strategy involving significant growth in revenue and long-term profitability. This strategy includes continued R&D investment, new initiatives in sales and marketing, as well as strategic acquisitions. ISA senior management is working very closely with Duos to engage quickly once the merger agreement is concluded. The companies are developing a long-term business plan for the merged entity and will share key components of their plans at the conference.
Adrian Goldfarb, ISA's President and CFO said, "I look forward to the opportunity to present the new company at the conference along with Gianni Arcaini, Duos' founder and CEO. I believe that his vision along with Duos' strong intellectual property portfolio sets the stage for significant growth and ultimately return on investment for our shareholders." Mr. Goldfarb will continue as Chief Financial Officer of the merged entity.
Gianni Arcaini added, "We have been very pleased with the progress of the merger process and expect to announce several significant milestones shortly following the closure of our merger."
About Information Systems Associates, Inc.
Information Systems Associates, Inc. (OTC Markets: IOSA) based in Coral Springs, FL, is an established IT, professional services and consulting company engaged through partners to provide services for information technology projects. Established in 1994, it prides itself on a reputation of expert independent advice and project execution. Its most recent development includes a new SaaS based IT Asset Management system under the TrueVue 360 brand.
About Duos Technologies, Inc.
DUOS is an established cutting-edge technology company with a strong portfolio of intellectual property. DUOS' core competencies include advanced intelligent technologies that are delivered through its proprietary integrated enterprise command and control platform. DUOS currently offers solutions to the government, healthcare, transportation, utilities and commercial/industrial sectors.
Forward Looking Statements
This press release contains forward-looking statements including statements regarding the closing of the merger and the future revenues, profits and growth following the merger closing. The words "believe", "may", "estimate", "continue", "anticipate", "intend", "should", "plan", "could", "target", "potential", "is likely", "will", "expect", and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include contractual issues that prevent the closing of the merger, issues arising during due diligence, and issues relating to the integration of the companies. Additionally, Duos' plans for the merged entity could be impacted by unanticipated delays in execution for regulatory, contractual or operational reasons. Further information on our risk factors is contained in our filings with the SEC, including the Form 10-K for the year ended December 31, 2013. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
Investors Relations Contact:
SOURCE: Information Systems Associates, Inc.
Released February 2, 2015