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Acquisition Strategy Provides True Arbitrage Opportunity
The recent appointment of Joseph Bianco as Digipath’s CEO brings to the Company an executive with a track record of success in spotting and implementing strategic growth and consolidation opportunities in highly fragmented markets. After graduating from Yale Law School and teaching law for several years, Mr. Bianco founded British Performance Cars, Inc., the exclusive U.S. distributor of the Lotus Marque, which was eventually sold to General Motors. Subsequently, he formed Alliance Entertainment Corp., which was listed on the NYSE and was then the largest independent distributor of recorded music in the world. Alliance, which was eventually sold to a private equity fund, was the product of a roll-up of over a dozen smaller companies. By leveraging Mr. Bianco's expertise, the Company is positioned to utilize Digipath as a public vehicle to not only generate financial value through the successful integration of acquired assets but also arbitrage value by acquiring private lab testing companies at a discount to their potential value in the public markets.