TUKATECH - JUSTWIN end merger talks

The Board of Directors of Justwin Technologies Inc. and TUKATECH, INC today suspended their merger/global alliance talks.

Ram Sareen, CEO and Founder of TUKATECH stated, “ there is not much to say, it is a mutual decision and it is strictly a financial decision. Justwin has a fantastic line of products and they will continue to provide their products and services, it just won’t be a TUKA product.” Without giving too many details, Mr. Sareen added,” we will announce our plans for the substitute products very soon.” 

Speaking on behalf of Justwin, Chairman Ron Finkel noted that both companies had worked closely over the past year collaborating on the installation of Justwin Products at a number of customer sites. “Unfortunately we were not able to reach agreement on the financial terms of our proposed merger and we agree that it is in the mutual interests of all parties to pursue their separate corporate strategies.”