Quote:
| Ad Systems Communications, Inc. (Ad Systems), formerly NanoAsia Ltd., is an international provider of cable television advertising creative, sales, ad insertion, and management services to cable television and network broadcast companies. The Company is engaged in the business of developing, manufacturing, selling, and managing advertisement insertion hardware and software systems and services. It focuses on second and third tier cable television operators that deploy national cable television networks in the United States. Its product enables local cable operators to insert advertising in both conventional and nontraditional cable television systems. Effective January 1, 2010, NanoAsia, Ltd. entered into an agreement and plan of merger (the Merger Agreement) with Ad Systems, and NanoAsia Acquisition Corp. (Acquisition Sub), a wholly owned subsidiary. In connection with the closing of this merger transaction, Ad Systems merged with and into Acquisition Sub on February 11, 2010. |
