Aug 28, 2015 Mezzi Holdings Inc. (“MEZZI” or the “Company”) (MZI)(fra:0MZ) is pleased to announce that it has signed a Letter of Intent to acquire Capital Eyewear (“Capital”), which is a profitable independent eyewear design and manufacturing company based in San Francisco, California. Since commencing operations in 2009, Capital has developed a popular line of wood and acetate eyewear that is sold online as well as carried in more than 65 stores in the USA and Japan.
Under the terms of the Letter of Intent, on closing, MEZZI will pay $125,000 in order to complete the acquisition. An additional $125,000 in cash will be payable by MEZZI as certain milestones are met in terms of the achievement of agreed monthly recurring revenue targets within 18 months of closing the acquisition.
Full Story at Stockwatch