PALM SPRINGS, Calif. -- Definition, Ltd., a Palm Springs, Calif.-based film distribution company, will acquire ATM International, as well as the Dallas-based ISO's processing arm, RBSI Inc.
Following the acquisition, Definition Ltd. will become a wholly owned subsidiary of RBSI called Media Classics Group, Inc. and will continue with its primary business of film distribution.
Donna Anderson, president and CEO of Definition, Ltd., said that the necessary documents have been signed to move forward with the acquisition. "It is now in the hands of legal council to have it memorialized," she said.
To facilitate completion of the acquisition, a steering committee has been formed with Anderson, Definition, Ltd. Secretary Charles Kiefner, Randall Coleman, CEO and founder of RBSI and Richard Wray, president and COO of RBSI, as members.
According to Anderson, the acquisition should be complete in approximately 10 days.
"This gives us the financial base to go forward on several pending projects," she said. "I feel we, the company, have set a very good course for our shareholders."
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