Intelligent Living Inc. Announces $2.2 Million Acquisition of IT and Cloud Management Assets for Its New Provectus Subsidiary
Grazed from MarketWire. Author: PR Announcement.
Intelligent Living Inc. stated today that it created a new subsidiary company called Provectus and, in doing so, has merged the assets of both Venturian Group of Miami and Perfect Solutions of Northfield, NJ into the subsidiary to create a robust, full service Managed IT and Private Cloud services company with current revenues of $2.2 million. This new subsidiary will bring revenue and operational efficiency to Intelligent Living, which will be demonstrated on the balance sheet over the next few years.
Intelligent Living Inc. Chief Strategy Officer Josh Eikov said, "We made the decision to become an infrastructure company to both the medical and marijuana industries which are completely burgeoning markets that represent a global opportunity approaching $60 billion by the end of the decade. In our market research we realized that someone needed to build the roads, bridges and tunnels for all of this business activity to be conducted on and so, the birth of Provectus: Managed IT and Cloud Services."…


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