Acquired Sales buys 3 firms

LAKE FOREST - Acquired Sales Corp. recently signed a letter of intent with H. Warren Moon, David C. Meltzer and Sports 1 Marketing LLC of Irvine, California, to acquire Aggregated Marketing Platform Inc., Processing for a Cause Inc. and a related management company.

Aggregated Marketing Platform plans to aggregate virtual gifting programs with traditional TV, radio, billboards, stadium screens and other marketing media using patent-pending software, and is in negotiations with several professional sports teams to launch its aggregated marketing platform starting next month. PFAC plans to market credit card processing programs designed to benefit not-for-profit entities. AMP and Processing for a Cause Inc. were both launched by Sports 1 Marketing in January.

The proposed acquisitions will include up to $200,000 in cash consideration, and stock consideration of 7 million shares and options to purchase 5 million shares of common stock of Acquired Sales. Following the acquisitions, H. Warren Moon and Gerard M. Jacobs will serve as co-chairmen of Acquired Sales, and David C. Meltzer and Jacobs will serve as co-CEOs of Acquired Sales.