E-commerce software specialist Golden Grail Technology Corp (OTCPINK: GOGY) announced it is to merge with private firm Accurate Venture.
The merger will allow Golden Grail the opportunity to scale current operations with added capital and also gives it access to new larger media outlets, the company said.
Michael Brodsky, chief executive of Golden Grail, said: “Accurate Venture and their team are valuable additions to the Golden Grail model of developing e-commerce sites with an efficient use of technology, people and capital.”
Accurate Venture is an internet marketing firm with a proven market share in four of the largest product markets on the Internet.
William Fisher, a director at Accurate, said the value would add value to shareholdesr, and that it was “the logical next step.”