IFG pays £1.27m for UK firm

IFG has acquired Goldstone Financial Services, a British-based company, for up to £1.275 million (#2.016 million)

IFG has acquired Goldstone Financial Services, a British-based company, for up to £1.275 million (#2.016 million). IFG has paid £600,000 sterling cash initially. An additional £500,000 sterling may be payable based on whether profits average more than £85,000 for the four years to December 31st, 2004, and by how much. A further £175,000 sterling in cash will be payable upon the sale of Goldstone's existing offices.