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.

SPO Global (PK) (USOTC:SPOM)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more SPO Global (PK) Charts.
SPO Global (PK) (USOTC:SPOM)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more SPO Global (PK) Charts.