MINNEAPOLIS, MINNESOTA: Quazar Capital Corporation is pleased to announce the reverse merger of their client, Photo Control Corporation (Nasdaq: PHOC) with Nature Vision, Inc. (Nasdaq: NRVN)
OUR CLIENT: Photo Control Corporation designs, develops, manufactures, and sells specialized equipment to the professional photographic and video conferencing markets. Nature Vision designs, develops and sells video imaging systems for outdoor recreational use.
ENTER QUAZAR: After attempting to find strategic acquisitions on their own, Photo Control Corporation retained Quazar Capital Corporation to assist with their long-term goal of growing through acquisitions.
THE SITUATION: Shortly after being retained, Quazar was able to come up with several potential acquisition candidates. The Board requested that Quazar pursue Vaddio and Nature Vision. Quazar advised its Client in the purchase of Vaddio. Initial conversations revealed that Nature Vision did not want to be acquired but recognized the benefits associated with public ownership. Shortly thereafter, Quazar was successful in working with the management of Photo Control and Nature Vision to craft a merger that would meet the projected needs of both companies.
THE RESOLUTION: With the reverse merger, Photo Control was able to provide their shareholders an opportunity for additional stock appreciation. Nature Vision is now able to provide the combined shareholders the benefit of strategic growth within a public entity. Photo Control and Nature Vision’s unique product offerings in the video imaging industry provide the combined companies with innovative products and efficient production and distribution capabilities. Both companies are excited about the opportunity to capitalize on the synergies between the them. During the merger process, Photo Control’s Board of Directors thanked Quazar Capital Corporation for their assistance, stating that they were very impressed with how Quazar had helped Photo Control and its shareholders. Quazar proved to be the right partner for Photo Control by effectively assisting them with their acquisition goals and growth strategy.