SPO Global Important Half Yearly Update for Shareholders
July 25 2016 - 9:53AM
Access Wire
WOBURN, MA / ACCESSWIRE / July 25, 2016 /
S.P.O. GLOBAL Inc. (PINKSHEETS:SPOM), an emerging technology
company is pleased to announce its 6 monthly update to all
shareholders.
Owen Dukes, CEO of S.P.O. Global Inc., commented, "Our first 6
months of trading as a public company has been marked with a string
of important customer wins and completion of software performance
testing projects. I am especially pleased to see the progress from
our new software monitoring 24/7 solution "Sentinel" which has been
embraced by a large range of enterprise customers. Our Sales
pipeline for both of our products is now in excess of $1 million
dollars, which is a 400% growth over the last 6 months since we
started our new marketing campaigns. We have recently won a number
of major enterprises which we will provide full details once the
projects are complete."
Just recently the company completed another key install for our
leading product "StressTester" with the COOP Denmark Group. Coop
Denmark consists of 1,200 stores which also includes the Coop Bank
Invest with 1.4 million members. More information about Coop can be
found at www.coop.dk.
Owen Dukes, CEO of S.P.O. Global Inc. further commented, "We
have a fantastic team of software developers who are passionate in
making our products a world class solution that we believe will add
substantial value to the IP we already own. The company has
invested significantly in developing the IP over a number of years,
and SPO is now beginning to see the fruits of this investment which
will add substantial value to the company."
The Software Performance Testing and Monitoring market is a
multi-billion-dollar market opportunity and as a small company with
leading edge technology in the IBM Maximo space, we believe that
the future value of the business will reflect in our share price
and market cap.
The Company's financing efforts to raise new working capital as
well as reducing liabilities are on track and the company is
confident that the positive results will be reflected in the
forthcoming financials.
SPO Global have recently signed a deal with Blackbridge Growth
Fund for an initial $500,000 capital financing. The deal is
structured to have an agreed set floor price so as not to be toxic.
This financing deal will be subject to SEC approval and is not
expected to take effect for another 2-3 months.
SPO Global recognize that the share price and market cap is at a
very low level, which substantially undervalues the real worth of
the business. This is based upon recent market transactions in the
acquisition of performance related companies by larger players. The
barriers to entry are high and the value attributed to the
company's software and customer growth is far above the current
market valuation.
For more information on SPO Global visit:
http://www.spoglobal.com/.
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 Dec 2024 to Jan 2025
SPO Global (PK) (USOTC:SPOM)
Historical Stock Chart
From Jan 2024 to Jan 2025