Aly Energy Services Inc. acquired Preferred Voice Inc. from Bristol Capital Advisors, LLC, High Tide, LLC, JMG Capital Management, LLC, Pacific Assets Management, LLC and other investors.
Aly Energy is the acquirer for financial reporting purposes and Preferred Voice is the acquired company. Preferred Voice amended its certificate of incorporation to change the name of Preferred Voice to Aly Energy Services, Inc. and Aly Energy changed its name to Aly Operating, Inc. The Combined Company intends to carry on the business of Aly Energy. Preferred Voice will change the trading symbol of its common stock to ALYE. The executive offices of Preferred Voice have been relocated to the offices of Aly Energy.
The Directors of Preferred Voice, Mary G. Merritt and Scott Ogilvie, have resigned on the closing of the transaction. Munawar H. Hidayatallah, Chairman and Chief Executive Officer of Aly Energy will become the Chairman and Chief Executive Officer of Preferred Voice; Mark Patterson, President and Chief Operating Officer of Aly Energy, will become the President and Chief Operating Officer and Alya Hidayatallah will become the Chief Financial Officer of Preferred Voice. The transaction was approved by the Board of Directors of Preferred Voice and Aly Energy.
Aly Energy Services Inc. completed the acquisition of Preferred Voice Inc. (OTCPK:PRFV) from Bristol Capital Advisors, LLC, High Tide, LLC, JMG Capital Management, LLC, Pacific Assets Management, LLC and other investors in a reverse merger transaction on May 14, 2013.