Peoplesway.com Inc. signed a memorandum of understanding to acquire Idea WebCatcher Holdings, Inc. from two officers and directors of Peoplesway.com Inc. for $10.

Peoplesway.com Inc. (OTCPK:PLWY) signed a memorandum of understanding to acquire Idea WebCatcher Holdings, Inc. on June 2, 2014. Under the terms of memorandum of understanding, a closing date is scheduled for June 25, 2014.