Hawkeye Systems, Inc. (OTCQB: HWKE), a technology holding company focused on pandemic management products and services, is pleased to announce today it has signed a Letter of Intent (LOI) to acquire IKON Supplies, an FDA a3nd CDC registered global trading company specializing in Personal Protective Equipment (PPE) supply chain management.
Corby Marshall, CEO of Hawkeye Systems, stated, "Over the past year, we have worked closely with IKON management as partners on a variety of successful procurement transactions. During this time, we witnessed firsthand the power of their supply chain relationships combined with their significant ability to drive and sustain long-term growth, evidenced by IKON's multiple long-term supply contracts expected to drive exponential value for Hawkeye upon consolidation in Q1 2021. We look forward to adding notable industry-leading management as we continue our focus on realizing long-term shareholder appreciation."
CEO of IKON Supplies, Johnny Thomas, added, "This is a transformational moment for the health care industry, with new realities in a COVID-19 world that require decisive and concrete supply chain management and direct to factory relationships. We are excited to formalize our union with an established reputable PPE provider in Hawkeye over the coming weeks, forming a seasoned management team with a collective history of building trailblazing companies across a wide spectrum of industries. We believe this partnership will solidify the consolidated Company as a premier provider of PPE equipment catering to all industry verticals."
Upon completion of the acquisition, Hawkeye will acquire a 51% interest of all equity of Ikon Supplies LLC and an option to purchase the remaining 49% interest. This LOI is non-binding and subject to a definitive agreement, which will be negotiated in good faith in the next 30 days. Ikon financials are currently unaudited and expected to be audited in Q1 2021.
About Hawkeye Systems, Inc.
Hawkeye Systems, Inc. is a technology holding company focused on cutting edge technology, pandemic management products, and services. The Company is committed to leveraging its extensive resources to support its ongoing mission to help our government and medical infrastructure keep civilians safe.
