PRTT - Protect Pharmaceutical to be acquired by PUMA

Protect Pharmaceutical (PRTT) announced an agreement to be acquired by Russia-based PUMA, a cutting-edge polymer packaging corporation.PUMA is now expanding operations to include the burgeoning field of food irradiation, packaging and distribution.PUMA's expertise in the packaging industry will facilitate a smooth transition into this emerging market.Due to Novgorod's inability to achieve the GAAP reporting standards within reasonable time, PRTT has entered into an alternate merger agreement with PUMA.

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Protect Pharmaceutical to be acquired by PUMA