July 14, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Systems America, Inc. (OTC: SMAR) said that the company has been reviewing acquiring several companies that would extend its service offering in United States, South America, and India. The company said it has recently screened and discussed acquisition with more than 11 different businesses with range of revenues from $12 million to $110 million.

The company also said it has signed non-binding terms with one acquisition target SAP service company with revenues of over $30 million for the year ended December 31, 2009.

In addition, Systems America is negotiating terms with another acquisition target Oracle Services with revenues of over $22 million for the year ended December 31, 2009.

The company said it expects to close a few of these acquisitions with cash and equity in Systems America. The company has also engaged Vanguard Management Corp., a division of Vanguard Minerals Corp. (OTCBB: VNGM), for help in advising on potential acquisitions targets as well as International expansion. California-based Systems America is a provider of business process and information technology outsourcing solutions to commercial and government clients worldwide.

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