SAN DIEGO, CA, United States, via ETELIGIS INC., 01/26/2015 – – Abby, Inc. (OTC Pink: ABBY) (PINKSHEETS: ABBY) has signed a definitive agreement to purchase a majority interest in The Evans Corporation. Located in Newbury Park, Ca. the Evans Corporation is an auto retailer, wholesalers and Brokerage Company. Arik Avaneszadeh, President of The Evans Corporation states “We see this investment by Abby, Inc. as a confirmation of our vision here at The Evans Corporation. We plan to focus on expanding brokerage division. Today’s consumers are informed and know what they want. By utilizing our brokerage division the days of the consumer having to shop different dealers is a thing of the past. The Evans Corp. will work with our network of manufactures and other auto connections to deliver the vehicle the consumer asks for.”
“This transaction will allow Abby, Inc. to enter into the auto industry sector. Our intent is to produce long term shareholder value. As we expand from a one company, one industry position that relies on one company for all its earnings into a company with holdings in different industries we are looking long term at how The Evans Corporation will add value to the holding group model. Our goal is to have Abby, Inc. in a position to see investment opportunities and take actions that will result in increasing the value of the company.” stated Abby, Inc. President Amanda Flores. “Once the transaction has been completed we will release the terms of the agreement.”
About The Evans Corporation:
Located in Newbury Park, Ca the Evans Corporation is a California corporation operating in the auto retail, wholesaling and brokerage spaces. The executive management team has over 50 years combined auto industry experience.
About Abby Inc.:
Abby, Inc. is a publicly traded company trading under the symbol ABBY on the over the counter market in the USA. Abby was incorporated in Nov. of 2000. Currently it owns 100 percent of its subsidiary T1O Events and Promotions. For more information please visit our website.
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SOURCE: Abby, Inc.