Big Clix Corp
(PublicWire.com Press Release) — FAIRFAX, Calif., May 1, 2013 /PRNewswire via COMTEX/ — Big Clix Corp. (OTCQB: BCLX) (the “Company”) announced that it has signed a Letter of Intent (LOI) to acquire IJR Consulting Corp (referred as “IJR”) based in New York.
Founded in 2003, IJR Consulting Corp provides Federally Qualified Health Centers and other Not-for-Profit Healthcare entities with fiscal and operational consulting services including the maximization of medical billing collections from third party insurers.
In 2012, IJR generated $1.1 million in revenue from 10 different clients with earnings before interest, taxes, depreciation, and amortization (EBITDA) margins of over 30%.
The implementation of the Affordable Care Act (ACA) will provide IJR a vast opportunity for an additional line of consulting services to a national client base almost immediately. The ACA will affect every healthcare provider in the country and IJR will be well positioned to provide needed advisory services pertaining to this changing healthcare world.
Under terms of the Agreement, the key executives of IJR will continue to manage the IJR subsidiary and the President of IJR will join the Company’s corporate infrastructure at an executive level.
The acquisition is subject to satisfactory due diligence and a definitive agreement between the two parties. For more information regarding IJR Consulting Corp, see www.ijrconsulting.com. For more information on the Letter of Intent and the proposed transaction, please see the Company’s latest 8-K SEC filing.
This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Big Clix Corporation, its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Big Clix Corporation’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Big Clix Corporation’s filings with the Securities and Exchange Commission.