Radio Frequency Identification Technology for Logistics, Tagging and EPC

Dafoe Corp. sets things in motion to acquire Agkha Intelli-Tec

Wednesday, July 28, 2010

Dafoe Corp. has signed a letter of intent to acquire 100% of Agkha Intelli-Tec, a Dubai-based RFID and digital security solutions provider, in exchange for approximately 59% ownership of Dafoe Corp.

Closing of the transaction is expected to occur during the third quarter of 2010, subject to certain closing conditions including completion of due diligence by Dafoe Corp.

Agkha technologies include fraud prevention, check security, electronic airline boarding passes, RFID technology, intelligent parking solutions, SMART video broadcasting and integrated consulting solutions. [end] 

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