SPO Global Important Information To All Shareholders
August 15 2016 - 7:28AM
Access Wire
WOBURN, MA / ACCESSWIRE / August 15, 2016 / SPO
Global Inc. (SPOM) wishes to inform all shareholders that it has
received an unsolicited expression of interest for the purchase of
our company.
SPO Global has received in writing from a UK based company
called Cloudload.io stating it is currently looking at acquiring a
business with IP in the space of performance testing and
monitoring.
Cloudload is backed by a well-established team of directors and
is funded by the Venture Capital Fund , Mercier Fund Management.
More information can be found at : www.cloudload.io
SPO Global confirms after a number of discussions between the
companies that it has written to Cloudload today, and informed them
that it is seeking a cash offer in excess of $0,005 per common
share. SPO Global authorized common shares is 748 Million.
SPO Global wishes to make clear to all shareholders that this
expression of interest is contingent that the company,
Cloudload.io, is able to obtain financing and contingent on legal
and technical due diligence and board approval.
SPO Global wishes to state that the initial due diligence
process has started and is expected to take between 30-45 days.
SPO Global wishes to inform shareholders that in light of these
recent developments it will be reviewing its current and any future
financing arrangements.
SPO Global will continue to update its shareholders on any
material updates.
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 Corp. 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 (SaaS).
For more information on SPO Global
visit 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: SPO Global Inc.
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