Multiplied Media Announces Grant of Stock Options
July 30 2010 - 3:39PM
Marketwired Canada
Multiplied Media Corporation ("Multiplied" or the "Company")(TSX VENTURE:MMC), a
leading provider of mobile local search services, today announced the granting
of stock options to officers, directors and employees.
As recognition of the commitment of the officers, employees and directors during
the past 12 months, and to provide incentive for future growth, the Board is
granting to current officers, directors and employees an aggregate of 6.91
million options at an exercise price of $0.105 per share, which includes 2.1
million options granted to officers and 4.675 million options granted to
directors of Multiplied. The options have been granted under the terms and
conditions of the Company's approved option plan. The Company has 10% "rolling"
option plan which reserves for issuance on exercise of options a maximum of 10%
of the number of common shares of the Company outstanding from time to time.
About Multiplied Media Corporation
Multiplied Media (www.multiplied.com) develops and operates mobile applications
that enhance the consumers' ability to connect with the people and businesses
most important to them. Their multi-award-winning application Poynt
(www.poynt.com) is a mobile local search service available over BlackBerry
smartphones, iPhone and iPod Touch devices and Android. Through agreements with
directory and vertical content providers in Canada, the United States and
Europe, Poynt simplifies finding and connecting with businesses, retailers and
events wherever and whenever it is most convenient for the consumer. The
MyInboxNow offering enables low-end feature phones to behave like smartphones
for email access. MyInboxNow is available to mobile operators as a private label
solution. Headquartered in Calgary, AB, Canada, Multiplied Media trades on the
TSX Venture Exchange under the symbol MMC.
Apple, iPhone and iPod Touch are trademarks of Apple Inc., registered in the
U.S. and other countries.
Multiplied Media Corporation (TSXV:MMC)
Historical Stock Chart
From Oct 2024 to Nov 2024
Multiplied Media Corporation (TSXV:MMC)
Historical Stock Chart
From Nov 2023 to Nov 2024