WhereDaily News: Roomlinx, Inc. (RMLX) and Signal Point Holdings Corp. Sign Agreement and Plan of Merger
DENVER, CO and NEW YORK, NY --(Marketwired - March 18, 2014) - Roomlinx, Inc. (OTCQB: RMLX), an innovative developer of media networks and interactive TV (iTV) applications for the hospitality industry, and Signal Point Holdings Corp. (Signal Point), owner and operator of two wholly owned subsidiaries: SignalPoint Communications and SignalShare Inc. jointly announced they have entered into an agreement and plan of merger. Under the terms of the merger agreement, a newly-formed, wholly-owned subsidiary of Roomlinx will merge with and into Signal Point, which will continue in existence as the surviving entity. Roomlinx will change its name to "SignalShare, Inc.," assume certain obligations of Signal Point, and transfer substantially all of its assets and liabilities into a newly-formed, wholly-owned subsidiary named "SignalShare Hospitality, Inc."