NEW YORK, April 10, 2018 (GLOBE NEWSWIRE) -- Williamsville Sears Management Inc. (OTC Pink:WSML) ("WSML" or the "Company") is pleased to announce that it has signed a Letter of Intent (the "LOI") for the acquisition of PrimewaterView Limited, a Nigerian-based real estate and investment firm, in an all-stock transaction subject to the approval by both companies of definitive documents and the achievement of certain other milestones. PrimewaterView Limited is the number 4 largest real estate development, sales and investment company in Nigeria.
The acquisition anticipated by the LOI is the result of a process initiated following WSML's strategic review announced a week ago. If consummated, WSML will own 100% of the outstanding shares of PrimewaterView Ltd. The due diligence process will follow immediately, PrimewaterView already has PCAOB Audits for over three years now. Since formation, PrimewaterView has developed a total of 702 units, 652 of those have been sold and 50 of those are currently on the market being sold by PrimewaterView. Click the link for completed projects: http://primewaterviewholdings.com/completed-projects/ and https://www.youtube.com/watch?v=CGdrGav7K4M