RFID Industry Consolidation: Activeworlds Signs Definitive Merger Agreement with Hi-G-Tek, Ltd.

From Business Wire (press release), CA ... with Hi-G-Tek, Ltd., an Israeli based ("Hi-G-Tek") manufacturer of highly sophisticated active radio frequency identification ("Active RFID") devices for use ...

... Activeworlds Corp. (OTCBB: AWLD) (the "Company") has entered into a definitive Agreement and Plan of Merger with Hi-G-Tek, Ltd., an Israeli based ("Hi-G-Tek") manufacturer of highly sophisticated active radio frequency identification ("Active RFID") devices for use in security applications. The Company previously publicly disclosed that it had entered into a letter of intent to acquire Hi-G-Tek subject to completion of due diligence. ...