Nicer Canada Signs Share Purchase Agreement with Jmars Information Technology of China

Vancouver-based Nicer Canada Corp., a wired and wireless internet protocol voice and data solutions company, announced that it has reached an agreement with Jmars Information Technology Co. Ltd. (JMIT), a private foreign investment high technology enterprise in China, to purchase 66.7% of JMIT’s shares at a purchase price of C$5.5 million. JMIT develops, markets and sells RFID and business intelligence computer software, services and products in China. Nicer Canada will pay C$1.6 million upon closing and C$3.9 million in a combination of cash and shares according to the payment schedule set out in the share purchase agreement.