Fresh Traffic Group Inc. Concludes Definitive Agreement
October 26 2010 - 8:59AM
Business Wire
Fresh Traffic Group Inc., a Nevada company trading quoted on the
Over Counter Bulletin Board (ECHD.OB) (“the Company”), today
announced that they have concluded a definitive agreement with
closing to take place at close of business today whereby the
Company will acquire all of the issued and outstanding shares of
Fresh Traffic Group Corp. (“Fresh”), a private company providing
search advertising solutions for search advertisers and
publishers.
Headed by Ex Google UK Director Fresh Traffic brings over 25
years of experience in providing Search Engine Optimization and
Internet marketing solutions to companies around the world. At
Fresh Traffic, our goal is simple: to make the Internet an
accessible and successful addition to all businesses. This is
accomplished through custom internet marketing solutions and by
utilizing tested, relevant Internet Search Engine Optimization
(SEO) and Paid Advertising (SEM/PPC) methods. Web marketing is far
more complex than simply building a website and submitting it to
the search engines. To achieve high volumes of qualified traffic
and; to obtain and sustain top search engine positions, a website
needs to be engineered for search and continuously monitored as
search engines evolve. This is the niche market Fresh specializes
in.
In exchange for the acquisition of the Fresh shares, the Company
will issue a total of 10,400,000 shares of common stock of the
Company of which 8,000,000 are issued to the shareholders of Fresh
and 2,400,000 shares will be issued to creditors of Fresh in
settlement of outstanding debt.
On October 20, 2010, the Company effected a change of name to
comply with the terms of the acquisition of Fresh. The new name is
Fresh Traffic Group Inc. The Company expects a new trading symbol
to be assigned concurrent with the closing of this acquisition.
The Company will file a Form 8-K in regard to the acquisition on
or before Friday, October 29th.
This announcement contains forward-looking statements. These
statements are made under the "safe harbor" provisions of the U.S.
Private Securities Litigation Reform Act of 1995. Statements in
this announcement that are not historical facts represent only the
Company's current expectations, assumptions, estimates and
projections and are forward-looking statements. These
forward-looking statements involve various risks and uncertainties.
Important risks and uncertainties that could cause the Company's
actual results to be materially different from expectations include
but are not limited to the risks set forth in the Company's filings
with the U.S. Securities and Exchange Commission, including the
Company's annual report on Form 10-K. The Company does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law.