GINSMS Enters into Definitive Agreement to Acquire Inphosoft Group Pte Ltd

GinSMS Inc (GOK-TSX Venture) has entered today into an arm's length definitive share purchase agreement with Inphosoft Pte Ltd to acquire all of the issued and outstanding shares of Inphosoft's wholly-owned subsidiary, Inphosoft Group Pte Ltd for a total consideration of CAD11.6 million. The transaction will constitute a reverse take-over of GINSMS under the policies of the TSX Venture Exchange.