The aggressive move is mortared by a dowry from last week's merger with Photonics Corp., based in Sunnyvale, CA. Directors for the merged company, which remains headquartered at Lakeside Square, 12377 Merit Drive in Dallas, meet Thursday to discuss which or all of the six proposed buyouts will result in tender offers, Chip Langston, REpipeline's CFO told GlobeSt.com. The 2001 acquisition list stretches from Portland, OR to Dallas plus includes a firm in Toronto. In mid-July, REpipeline had replaced Photonics as the buyer for a planned take-over of RealEstate4Sale.com.
"There are no sticks and bricks," says Langston. "We're just trying to tie all the pieces of the puzzle together." REpipeline's motive is to develop a one-stop shop with e-real estate operations for listings, property management, software, databases and market reports. REpipeline had launched its service Nov. 28 in Dallas.
The Photonics merger not only will finance the buyouts, but also will take REpipeline to a public status. Photonics, a publicly held company since 1986, will have its name and ticker symbol changed.
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