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Elandia International, Inc. OTC BB: ELAN The undersigned served as exclusive financial advisor to WPCS International, Inc.
The Client Through its subsidiaries, ELAN provides information technology products and services in Latin America and the Pacific Rim through five (5) wholly-owned subsidiaries.
The Mandate National was asked by the Company’s Board of Directors to examine a contemplated transaction and opine as to the fairness, from a financial perspective to the Company’s non-affiliated shareholders, of a change of control transaction whereby ELAN would acquire Medidata from Amper SA.
The Solution Following the delivery of the fairness opinion to ELAN, the Company was able to act decisively and calmly move forward with the transaction, confirming their belief that they were acting in the best interest of their non-affiliated shareholders.