SearchPath International, a Cleveland-based staffing franchisor with 73 franchises, announced it was acquired by Nevada International Stock Exchange Inc. (OTCBB: NVDS.PK) in exchange for 370.3 million shares of Nevada International stock.

Tom Johnston, president of SearchPath, was named chairman and CEO of Nevada International.

Nevada International, based in Cleveland, had been a shell company, according to a filing on Pinksheets.com. SearchPath had revenue of $544,414 in the nine months ending March 31, according to the filing.