TORONTO, Canada Livingston International Income Fund (TSX: LIV.UN) today announced that it has successfully completed the acquisition of the assets of PBB Global Logistics Income Fund (TSX: PBB.UN).
"We are very pleased to have concluded this key strategic transaction, with the support of PBB's board and management and so many of its unitholders," said Peter Luit, president and chief executive officer of Livingston International Inc. "We welcome them as unitholders of our fund and we also welcome PBB's employees and clients. We are confident that combining the operations of the two groups will prove to be a significant and positive move for all our stakeholders. Together, we intend to be a major force in the highly competitive customs brokerage, trade services and transportation and logistics sectors and to deliver value to our investors, new services to our clients and enhanced career opportunities for our employees."
UltraCart Shopping Cart and Ecommerce Platform will continue to help customers as they experience the changes resulting from the sale of PBB to Livingston. Since UltraCart can integrate with many fulfillment centers, payment gateways, channel partners (like Amazon Seller Central, eBay, Overstock), and many more third-party integrations, we are committed to provide the options you need to increase your business no matter what your integrated companies are doing. Add to that fact that UltraCart allows merchants to sponsor development directly into the source code, and you have a hosted shopping cart that can act just like a custom shopping cart.
PBB Global Logistics
670 Young Street
Tonawanda, New York, 14150-4103
Sales: see website for details
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