Pazoo is a company providing people with the tools to enrich their health and lifestyle. The company delivers information, services, and products through direct response digital media, TV, and retail stores. In addition, its website is a health and wellness social community with an array of experts delivering vital information to consumers.
The company announced that on October 2, 2012, it executed a binding letter of intent for the acquisition of DMC Athletics & Rehabilitation Inc. This company is a collection of outpatient orthopedic physical therapy and personal training centers in Morris County, New Jersey. Pazoo will exchange a $1.5 million, 2-year balloon note at 3% with DMC’s owners for the acquisition and a possible earn-out over the next two years.
DMC generated approximately $1.4 million in revenues and $185,000 in profits in 2011. So far, in the first 9 months of 2012, revenues and earnings for DMC have already surpassed all of 2011 and DMC is expected to show a growth rate in excess of 40% in revenue and 80% in profitability this year. Pazoo expects audited financials and a business valuation report to be completed soon, showing that DMC’s value will actually be well above the purchase price paid.
It is expected the acquisition of DMC will make Pazoo a self-sustaining, going concern according to its CEO, David M. Cunic. That is due largely to DMC having already positioned itself to expand revenues by more than 45% with no additional expense incurred.
For further information about Pazoo, please visit www.pazoo.com
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