Freeze Tag News: CEO Update on Corporate Actions
October 06 2017 - 11:26AM
InvestorsHub NewsWire
Tustin, CA -- October 06, 2017 -- InvestorsHub NewsWire --
Freeze Tag (OTC: FRZT), a leading creator of
mobile social games, today announced the company has reached
significant milestones in its corporate restructuring and future
growth plans.
“We have successfully executed a reverse split effective October
5, 2017,” said Craig Holland, CEO of Freeze Tag. “We’re also
excited to announce we are very close to finalizing our merger
transaction with Munzee Inc.”
The CEO of Freeze Tag indicated corporate actions have taken
place or will soon be effective:
-
The reverse split of FRZT stock (1:100) was published on the
Daily List on October 4, 2017 by FINRA, and became effective at the
open of the market on October 5, 2017.
-
Temporarily, as a result of the reverse split, Freeze Tag stock
will be trading under the symbol “FRZTD” symbol for 20 trading
days. After the 20-day period has expired, the stock symbol will
return to FRZT.
-
Beginning October 5, FRZT stock can be traded at the new stock
share price reflected post the reverse split. There is no hold or
freeze on the trading of FRZT shares during this 20-day period, or
beyond.
-
The merger with Munzee Inc. is proceeding very well. The
estimated date of closing the merger is October 18, 2017.
The Freeze Tag CEO indicated that more news will be coming shortly
as the merger transaction is finalized, product roadmaps are
reviewed and future plans are solidified for the newly combined
company.
About MUNZEE Inc.
With almost 5 million locations worldwide and hundreds of
thousands of players, Munzee is a social platform that blends
gamification, geolocation and marketing elements into an experience
that rewards players for going places in the physical world.
Utilizing QR code and GPS technology, Munzee is able to validate a
person’s location and provide them points to level up in the
various Munzee mobile applications. The Munzee suite of
applications includes Munzee, our flagship product, Eventzee, a
photo scavenger hunt useful for corporate training and trade shows,
and WallaBee, an addictive collecting game with over 2,000
beautifully drawn digital cards.
About Freeze Tag, Inc.
Freeze Tag, Inc. is a leading creator of mobile social games that
are fun and engaging for all ages. Based on a free-to-play business
model that has propelled games like Pokemon Go and Candy Crush Saga
to worldwide success, we employ state-of-the-art data analytics and
proprietary technology to dynamically optimize the gaming
experience for revenue generation. Players can download and enjoy
our games for free, or they can purchase virtual items and
additional features within the game to increase the fun factor. Our
games encourage players to compete and engage with their friends on
major social networks such as Facebook and Twitter. Founded by
gaming industry veterans, Freeze Tag has launched several
successful mobile games including the number one hit series
Victorian Mysteries® and Unsolved Mystery Club®, as well as digital
entertainment like Etch A Sketch®. Freeze Tag games have been
downloaded millions of times on the Apple, Amazon and Google app
stores.
Forward Looking Statements
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 and 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, our partners
continuing to help market the game, and our ability to implement
new changes and release them. We undertake no
obligation to revise or update
any forward-looking statement for any
reason.
Contact:
info@freezetag.com
714-210-3850 x26
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