CIS Acquisition will focus on the completion of a Business Combination with relevant business operations in the region of the former Soviet Union.

CIS Acquisition's Board of Directors believes that the current economic climate is favourable for acquisitions in the region as it believes that the volume of private equity and M&A activity, as well as IPO activity, decreased between 2008 and 2013. Markets appear to still be wary, with transaction activity increasing slowly. Therefore, access to capital markets remains constrained. CIS Acquisition believes that there a number of potential candidates interested in going public via alternatives to the traditional IPO.