Tuesday, October 13, 2009

How Is the Progress Coming Along?

On August 27, we reached a verbal agreement with a company to purchase their radio license and equipment. Our lawyer has been reviewing the documents of the company and working with their lawyer and accountant. This is an important part of the process because we are purchasing a company, making it mandatory that we carefully examine their history.

The major part of the process (reviewing documents) has been done, and things are looking positive. As soon as the company satisfies some legal requirements by our lawyer; we should be proceeding toward the signing of the contract to finalize the deal. God willing, we will reach closing in two to four weeks (late October or early November). Praise the Lord we have all the funds necessary for this purchase. Thank you so much for your prayers and giving.

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