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EMTA Holdings Inc. (OTCBB: EMHD.OB) said today its Lumea Inc. subsidiary acquired Easy Staffing Services Inc., an industrial staffing firm. EMTA acquired Easy Staffing in exchange for 15 million shares, a note for $8.75 million and the assumption of $2.3 million in debt.
Easy posted 2008 revenue of approximately $101 million and has 26 offices in 10 states, EMTA reported.
EMTA is an energy and fuel conservation company; it makes XenTx, Synergyn and other engine treatment and fuel efficiency products. The company said it could cross sell its products with Easy Staffing's industrial clients.