ASIDIC Board Seeks Merger or Acquisition

Mar 30, 2010

ASIDIC's board of directors has recommended the organization's dissolution, citing the economic situation and the proliferation of new organizations as signs that the nonprofit organization may be nearing its end. The executive committee is currently devising a plan for concluding ASIDIC's operations. ASIDIC is seeking expressions of interest either from other 501(c)3 or 501(c) organizations that might be interested in a mutually beneficial merger, or from for-profit organizations who have an interest in ASIDIC's assets.