Global DataTel Set to Acquire Latin-Pak

Share this content:
Global DataTel Inc., Delray Beach, FL, a computer systems integrator serving markets throughout Latin America, yesterday signed a letter of intent to acquire Latin-Pak, Los Angeles, a distributor of marketing materials to Hispanic households in major U.S. markets.


The terms of the all-stock transaction, which is expected to close by May 30, were not disclosed, although a GlobalTel spokesman said the deal valued Latin-Pak at less than $10 million.


Global DataTel said it would form a new division, Latin Media Services, which will include Latin-Pak and will be headed by Latin-Pak founder Vincent Andaloro as president. The division will be responsible for promoting Global DataTel's Spanish-language Web site (www.ehola.com), which carries news from more than 300 cities in Latin America. The company said that the new division would capitalize on Latin-Pak's distribution infrastructure to promote its Web site.


Global DataTel also said it would give away free TV-top computers to all subscribers to its Internet access service, which costs consumers a minimum of $14.95 per month. That promotion is expected to begin in late July.
This article is part of the DMNPolitics site, in partnership with Fluent. Click on the footer to see all of our content about the 2016 Election

Loading links....
close

Next Article in Agency

Follow us on Twitter @dmnews

Latest Jobs: