Dec 17 (Reuters) - Namaste Technologies Inc N.V :
* NAMASTE ANNOUNCES BINDING AGREEMENT TO ACQUIRE AN ADDITIONAL 34% EQUITY IN PINEAPPLE EXPRESS DELIVERY FOR 49% TOTAL OWNERSHIP
* NAMASTE TECHNOLOGIES INC - PINEAPPLE EXPRESS MANAGEMENT TEAM RETAIN FINANCIAL AND OPERATIONAL CONTROL OF BUSINESS
* NAMASTE TECHNOLOGIES INC - NAMASTE'S CEO SEAN DOLLINGER WILL BE APPOINTED TO PINEAPPLE EXPRESS' BOARD OF DIRECTORS
* NAMASTE TECHNOLOGIES INC - DEAL FOR APPROXIMATELY $3.06 MILLION
* NAMASTE TECHNOLOGIES INC - HAS RIGHT TO ACQUIRE AN ADDITIONAL 10% OF COMMON SHARES OF PINEAPPLE EXPRESS FOR A PERIOD OF 14 MONTHS