Staffing provider AccountAbilities Inc. announced that it has entered into a letter of intent with Lexit Technologies Inc. for Accountabilities shareholders to receive approximately 98 percent of all common shares of Lexit, in exchange for the sale to Lexit of substantially all of the assets of AccountAbilities.

"This transaction should enable us to provide our shareholders with the added liquidity, and proper valuation, that companies listed on the [over-the-counter securities market] enjoy, versus our current status as a pink sheet company,” said AccountAbilities president Allan Hartley, in a statement.

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