TransTech Services Partners Inc. and Active Response Group, Inc. Agree to Extend Letter of Intent
Monday November 24, 2008, 7:31 pm EST
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NEW YORK, NY -- Nov. 24, 2008 /PRNewswire-FirstCall/ -- TransTech Services Partners Inc. (OTC Bulletin Board: TTSPU - News; "TransTech") a special purpose acquisition company, today announced that TransTech entered into an amendment of its LOI with Active Response Group, Inc. ("ARG"), extending the date of expiration of the exclusivity period under the LOI to December 26, 2008. The terms of the amended LOI provide that it will expire on December 26, 2008, unless definitive agreements are entered into by such date and a substantially final form of TransTech's proxy statement exists by that date for filing with the Securities and Exchange Commission. Consummation of the proposed business combination between TransTech and ARG is subject to completion of due diligence by TransTech and receipt of requisite shareholder approval.