McCusker Holding Corp Completes Reverse Merger with Oceanic Research & Recovery, Inc.
Warranty & Service Leader Announces Closing of Reverse Merger Transaction To Become Publicly Traded
Apr 13, 2017, 13:03 ET
COLLEYVILLE, Texas, April 13, 2017 /PRNewswire/ -- McCusker Holding Corp (OTC Pink: ORRV), a market leader in the warranty and help desk administration industry announced that it has closed its reverse merger with publicly-traded Oceanic Research & Recovery, Inc. effective as of March 13, 2017. As previously announced, on January 8, 2017, McCusker Holding Corp and Oceanic Research entered a binding letter of intent, which called for Oceanic Research to acquire McCusker Holding Corp in a statutory merger with McCusker becoming a wholly owned subsidiary of Oceanic Research. In connection with the reverse merger, the articles of incorporation for Oceanic Research were amended to change the corporation's name to "McCusker Holdings Corp."
"The successful completion of this transaction represents a major milestone for us. I am hopeful that our public listing will offer the company greater access to new investors, new sources of growth capital with which to grow our company, and enhance our services within the marketplace," stated Will McCusker, Chairman of the Board of Directors and Chief Executive Officer of McCusker Holdings Corp. "We would like to thank the many investors who have continued to encourage us during this process," he added.
With the merger having closed, the company will seek to obtain formal approval for its name and symbol change through FINRA in the coming weeks. McCusker Holdings Corp will continue to update its stockholders throughout the process.
About McCusker & Company, Inc.
McCusker Holdings Corp is a leading national provider of consumer electronic tablet devices, smart watches, screen protection devices and other consumer electronic warranty products. McCusker also provides help desk and warranty insurance administration serving a wide variety of industries. It also has created specialized service programs for the consumer electronics and the heating, ventilating, and air conditioning (HVAC) industries. The Company services 43 countries. McCusker's clients include: OEM's, retailers, law firms, underwriters, and third party administrators. The Company is a true leader of developing innovative solutions for help desk and warranty insurance administration support services. For more information about McCusker and its product offers call 1-(800) 734-0819 x107 or visit www.McCuskerCo.com. McCusker Holdings Corp's common stock is traded on the OTC Pink Marketplace under the symbol "ORRV"
Forward-Looking Statements
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally can be identified by phrases such as, McCusker Holdings Corp (the "Company"), by and through its management, "anticipates," "believes," "estimates," "expects," "forecasts," "foresees," "intends," "plans" or other words of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include but are not limited to: the Company's ability to develop, and market innovative services and products in a rapidly changing technological environment; the Company's ability to compete in products and prices in an intensely competitive industry; the Company's ability to maintain and enforce a strong intellectual property portfolio; the Company's ability to attract sufficient capital; the Company's ability to attract and retain talented individuals; and adverse changes in general economic or market conditions.
SOURCE McCusker Holding Corp