October 15, 2020, RTCORE Inc. (OTC Markets: “PPPS”), a Delaware corporation (the “Company”) entered into Non-binding Letters of Intent to acquire 100% of the equity of Conquest Group Inc., a South Carolina corporation (“Conquest Insurance”), and 100% Membership Interest in Spanish Moss Premium Finance LLC., a South Carolina limited liability company (“Spanish Moss”). Both acquisitions are expected to close on or before November 30th, 2020 with Definitive Agreements subject to RTCORE, Conquest Insurance and Spanish Moss obtaining necessary corporate approvals.
Through these anticipated acquisitions, RTCORE intends to demonstrate the operational and financial benefits of deploying its real time, cloud-native core processing software to Conquest Insurance and Spanish Moss clients, while expecting to increase the combined business value to all its stakeholders.
About RTCORE Inc.Headquartered in Charlotte, NC, RTCORE Inc. is an industry leader in the design, development and commercial deployment of Cloud-native, real time transaction processing software for the global financial services industry.
Conquest Group Inc. is a South Carolina Insurance Brokerage Firm with offices located throughout the Lowcountry of South Carolina. Since 2007, Conquest advises its personal and business clients on the evaluation and purchase of the most appropriate policies to fulfill their Property & Casualty coverage needs.
Spanish Moss is a Premium Lending firm based in Hilton Head, South Carolina, providing insured parties with financing options to cover the cost of their insurance premiums.
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