Silverdale-based DONOBI, Inc. and H-NET.NET, Inc. recently announced they have completed the acquisition agreement between the two companies that was put in motion last year.

As a result, Anton Stephens will step down as president and CEO, and Christine Stephens will resign as CFO. The current management team of DONOBi, including President and CEO, Bill Wright, Vice President, Brett Green, and Interim CFO, Terry Stein will run the merged company, which anticipates officially changing its name to DONOBi, Inc., as well as its Over The Counter (OTC) trading symbol in the coming weeks.

“We are obviously very excited as we embark on this new chapter in DONOBi’s history,” said Wright. “We plan to make this brief transition period as simple as possible on all parties involved, including our new shareholders. In the coming weeks we will be communicating more with the investment community, while announcing new clients and strategic partners that have come to fruition since we undertook this merger.”

He added that an investor relations page will appear on the firm’s Web site (www.donobi.com) and that a series of announcements will keep existing and potential shareholders informed as to the company’s progress and growth.