BOCA RATON, FL -- (Marketwired) -- 04/03/14 -- Cleartronic, Inc. (OTCBB: CLRI) (the "Company") announces the development of a share capital improvement plan to provide additional benefits to its shareholders.
Specifically, the Company is in discussions with its majority shareholders and the Company's current and potential investors for the development of a capital structure plan that CLRI's management expects to provide long-term benefits to the Company and its shareholders.
"We are currently developing what we call a 'Capitalization Benefit Plan' intended to take advantage of our share capital and corporate tools to attract potential acquisition candidates, investors and provide long term benefits for our shareholders," stated Cleartronic CEO Larry Reid, "the Company remains committed to growing its business and finding ways to create value for our shareholders. We look forward to finalizing this plan in the short term, announcing its details and commencing implementation."
Several options currently being considered by the Company include dividends, warrant issuances, isolated private offerings to qualified investors and preferred stock exchanges.
About Cleartronic, Inc.
Cleartronic, Inc. (OTCBB: CLRI) is a technology holding company that creates and acquires operating subsidiaries to develop, manufacture and sell products, services and integrated systems serving a range of market applications, from business enterprises to federal, state and local government agencies.
www.cleartronic.com
For further information about this release, contact Larry Reid, 561-939-3300,Ext.143 and/or info@cleartronic.com
Safe Harbor Statement
This press release may include predictions, estimates, opinions or statements that might be considered "forward-looking" under the provisions of the Private Securities Litigation Reform Act of 1995. Such statements generally can be identified by phrases such as Cleartronic or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates," or other, similar words or phrases. Similarly, statements herein that describe Cleartronic's business strategy, outlook, objectives, plans, intentions, or goals are also forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from the expectations of Cleartronic or its management. Investors should not place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this document.
Contact:
Larry Reid
Cleartronic, Inc.
561-939-3300,Ext. 143
Source: Cleartronic