Consolidation--Moguls of M&A

We are building a company based on the market demand, not supply. Hence, we only buy companies in the major cities with solid sales growth. Once we reach the critical mass necessary to meet Wall Street's IPO requirements, we will move in that direction.

A public offering will limit our debt leverage and provide capital to continue the business development. Some consolidators went to the market too soon and their stock suffered from this early entry. We do not want to make that mistake.