BizRocket.com, Inc. Announces Board Approval for Share Buyback
July 02 2012 - 8:15AM
Marketwired
BizRocket.com, Inc. (PINKSHEETS: BZRT)
announces that at a Special Meeting of the Board of Directors of
the Company, the Board authorized a buyback of the Company's
free-trading common shares. The Resolution adopted authorizes the
Company to purchase up to fifty-five million common shares on the
open market. The Chief Executive Officer maintains authority for
purchase discretion of periodic volume amounts and the timing of
share purchases.
The shares will be returned to the Treasury of the Company and
may be used for issuances for future acquisitions of companies
which the company is either currently in negotiation with or
seeking to acquire to enhance shareholder value.
The Company recently concluded a revenue sharing letter
agreement with www.ViralPwnage.com online
gaming site that has approximately 34,000,000 participating players
throughout the world with a sub-set of 15,000,000 participating
players age 8-17, the KidzRocket.com's target market.
"BizRocket.com, Inc. continues to progress in our efforts to
bring further added value to our shareholders," said Robert G.
Williams, CEO of BizRocket.com, Inc. "We will be updating our
shareholders in the near future for corporate news in regards to
acquisition or joint partnership candidates."
Safe Harbor Forward-Looking Statements This news release
contains forward-looking statements within the meaning of the U.S.
Private Securities Litigation Reform Act of 1995 including
statements relating to expectations of the 2012 or 2013 fiscal
year; The terms and phrases "estimated" "goal," "commitment,"
"possible," "guidance," "expects," "would," "will," "continuing,"
"drive," "believes," "indicate," "look forward," "grow," "outlook,"
"forecasts," "forecast," "projected," and similar terms and phrases
are intended to identify these forward-looking statements.
Forward-looking statements are based on estimates and assumptions
made by BizRocket.com, Inc. in light of its experience and its
perception of historical trends, current conditions and expected
future developments, as well as other factors that BizRocket
believes are appropriate in the circumstances, including but not
limited to general economic conditions, BizRocket's expectations
regarding its business, strategy and prospects, and BizRocket's
confidence in the cash flow generation of its business. Many
factors could cause BizRocket's actual results, performance or
achievements to differ materially from those expressed or implied
by the forward-looking statements, including, without limitation:
risks related to competition; BizRocket's reliance on key
personnel; BizRocket's ability to maintain and enhance its brand;
and difficulties in forecasting BizRocket's financial results,
particularly over longer periods given the rapid
Internet-technological changes and competition. BizRocket.com, Inc.
has no intention and undertakes no obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events or otherwise, except as required by
law.
Contact: Robert Williams Email Contact 1.754.245.2717
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