Jetronic Industries Signs Definitive Agreement to Acquire New Bastion Development, Inc.

Jetronic Industries, Inc. announced that it has entered into a Definitive Share Exchange Agreement to acquire New Bastion Development, Inc. (“New Bastion”). Pursuant to the Share Exchange Agreement, Jetronic shall acquire all of the outstanding capital stock of New Bastion in exchange for Jetronic’s common stock, par value $0.10 per share. The aggregate consideration for the Transaction will consist solely of Jetronic common stock....