AHAlife Holdings Limited
(ASX:AHL) has acquired US online design marketplace Bezar.com.
The fully SCRIP-based transaction involves the placement of approximately 500,000 shares to the founders and investors of the privately held Bezar including Bradford Shellhammer, founder and CEO, who will continue to work with AHAlife as an advisor.
Co-founder and President of AHAlife Sachin Devand said the transaction represents a rapid and highly cost effective customer acquisition strategy.
The company anticipates the partnership will expand AHAlife’s existing registered users of more than 459,000 by around 30 percent.
AHAlife recorded a net loss of $1.86 million at 30 June 2015.
