Dallas Boley to lead PinPinHao with new business model
30 Aug '08
2 min read
PinPinHao Inc Board of Directors announced the appointment of Dallas Boley as President.
Boley commented, "I am excited for this opportunity to lead the company in a new business model. The Company's major initiative is to focus on the acquisition of privately held small to medium sized retail specialty companies that have niche products.
The types of businesses that will be targeted for example could be specialty footwear, specialized novelty items, nutritional supplements and domestic and international drinks, just to name a few.
"The Company believes by partnering with well managed companies looking to move up to the next level, we will potentially be able to capitalize in some very lucrative niche markets. Then at some point in the future we all will look for an exit strategy of these acquisitions by either an overall sale or perhaps an IPO or spinout of its own.
I am currently in negotiations with several private companies that fit these models. I look forward to releasing further information once final contracts are in place. We all feel this is a huge market and with the economy slowing down and many layoffs occurring, there are going to be many small businesses begin operations as entrepreneurs decide to make the most of our current economy and venture out on their own," concluded Boley.
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