I am over the moon with the new acquisition that ABQ has managed...

I am over the moon with the new acquisition that ABQ has managed to complete for next to nothing in consideration (Check-In.com.au).

The Check-In business is back up and running, generating sales, growth and hopefully profits.

It shouldn't be too long before it is back in full swing and once again generating 15% commission on $50M of revenue.

I am confident that the new Board of Directors can turn the acquisition into a resounding success.

The new Board includes the very well-regarded internet entrepreneur Dr Adir Shiffman who has a track record of starting up new online/eCommerce ventures out of nothing and turning them into overwhelming successes.

The Doc founded HelpMeChoose.com.au and turned into a multi-million dollar company which was acquired by Mortgage Choice.

The doc also founded Global Reviews and also turned it into a multi-million dollar company.

He also founded StartHere.com.au, another multi-million dollar company.

He also runs Catapult Sports - a $20M+ company.

He also founded Innovate Online. It specialises in search engine & social media marketing, search engine and conversion rate optimisation...might come in handy with the new Check-In acquisition and its traffic?

I get the feeling that the doc will do well for us out of the new Check-In acquisition with his track record.

Additionally, per the last announcement:

"The Board of Allied is actively exploring acquisitions in the internet and digital space, and is currently assessing various opportunities. These opportunities typically involve businesses in the "growth stage" of their lifecycle."

Sounds familiar and right up the Doc's alley? I think so.


A bio summary on the Doc:

With a background and expertise in the internet, technology, medical and healthcare sectors, Adir is also one of the foremost experts in the internet space in Australia.

A registered medical practitioner, he has founded, built and sold a number of rapidly growing businesses including: Transglobal Communications (sold to France Telecom/Deutsche Telecom/Sprint J/V), Promise Web Hosting (trade sale in 2004), Global Reviews (growing rapidly), and HelpMeChoose.com.au (sold to Mortgage Choice in 2010).

Adir has been an advisor to dozens of the largest companies regarding their internet strategies and execution, and continues to provide strategic advice to a number of CEOs and senior managers. He has advised companies across many sectors including banking and finance, health care, insurance, retail, airlines and travel, and media.