SPO Global Signs an Important Financing Deal for a Future Acquisition and Uplisting
July 14 2016 - 7:50AM
Access Wire
WOBURN, MA / ACCESSWIRE / July 14 , 2016 /
S.P.O. GLOBAL Inc. ("OTC trading symbol "SPOM"), an emerging
technology company is pleased to announce that it has signed with
Blackridge Capital a financial facility investment subject to a SEC
approved offering on Form 1-A under Regulation A of the Securities
Act of 1933 that will enable the company to grow through
acquisition and customer growth.
Blackridge Capital LLC is a NY leading alternative investment
fund focused on high growth investments in small to mid-cap
companies. Blackridge Capital is founded with a vision to forge
long lasting relationships to help companies accelerate growth. For
More Information visit: www.bbridgecapital.com
Owen Dukes, CEO of S.P.O. Global Inc., commented, "We are very
pleased to announce that SPO Global has signed an important
financing deal with a leading alternative investment fund that will
propel us to the next step in growing our business substantially
".
This investment is subject to approval by the SEC. The
investment by Blackridge Capital LLC will be a based upon a fixed
floor price rather that a toxic discount to market price. The
initial investment facility is for $500,000 with a possible further
$1,500,000 subject to the conditions the business.
Owen Dukes, CEO of S.P.O. Global Inc further commented, "We are
in the process of negotiating a significant acquisition that will
accelerate our business and subject to this transaction being
completed we will be looking to become a fully reporting SEC
company with the intention of uplisting as soon as possible".
As part of this financing transaction the company has increased
its authorized to issue 750,000,000 shares of which 748,000,000 are
shares of Common Stock , par value $0.01 , and 2,000,000 shares are
Preferred Stock par value $0.01.
About S.P.O. Global Inc.
S.P.O. (SOFTWARE PERFORMANCE
OPTIMIZATION) GLOBAL INC, is an emerging
technology company that is focused on selling its unique
performance testing optimization and monitoring software IP for all
enterprise applications. The focus of SPO is to build the company
into a major player in this exciting billion dollar market.
SPO Global recently purchased the technology company Reflective
Solutions Ltd that sells its unique IP software to major
enterprises in North America and Europe.
The principle software products of Reflective Solutions is
"Stress Tester" a robust Performance Stress testing solution for
large enterprise applications and its new product "Sentinel" that
is providing enterprise customers an intelligent monitoring
solution 24 / 7 software as a service ( SAS).
SPO Global recently released its annual financials which can be
found on the OTC MARKETS web site at
http://www.otcmarkets.com/stock/SPOM/profile.
For more information on SPO Global visit:
http://www.spoglobal.com/.
This press release contains forward-looking statements that
involve substantial uncertainties and risks. These forward-looking
statements are based upon our current expectations, estimates and
projections about our business and our industry, and that reflect
our beliefs and assumptions based upon information available to us
at the date of this release. We caution readers that forward
looking statements are predictions based on our current
expectations about future events. These forward-looking statements
are not guarantees of future performance and are subject to risks,
uncertainties and assumptions that are difficult to predict. Our
actual results, performance or achievements could differ materially
from those expressed or implied by the forward-looking statements
as a result of a number of factors, including but not limited
to, expectations regarding the successful expansion of our
product base, profitability, market acceptance of our
products and new product applications, timing of new product
launches, product performance, size of prospective
markets, marketing strategies, success of our restructured
operations and plans, our ability to generate fees or raise capital
to support our business operations and plan, the sufficiency and
availability of working capital, changes in economic conditions
generally and in more specifically, the introduction of competing
products, changes in our operating strategy or development
plans, patent protection for our products and
technologies, changes in economic conditions generally and in more
specifically, in the markets we operate, changes in technology,
legislative or regulatory changes that affect us. We
undertake no obligation to revise or update any forward-looking
statement for any reason.
SOURCE: S.P.O. Global Inc.
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