BizRocket.com, Inc. Announces Board Approval For A Share BuyBack Program.
BizRocket.com, Inc. (PINKSHEETS: BZRT) announces that at a Special Meeting of the Board of Directors of
the Company, the Board authorized a buyback of the Company’s free-trading common shares. The Resolution adopted authorizes the Company to purchase up to fifty-five million common shares on the open market. The Chief Executive Officer maintains authority for purchase discretion of periodic volume amounts and the timing of share purchases.
The shares will be returned to the Treasury of the Company and may be used for issuances for future acquisitions of companies which the company is either currently in negotiation with or seeking to acquire to enhance shareholder value.
The Company recently concluded a revenue sharing letter agreement with www.ViralPwnage.com
online gaming site that has approximately 34,000,000 participating players throughout the world with a sub-set of 15,000,000 participating players age 8-17, the KidzRocket.com’s target market.
“BizRocket.com, Inc. continues to progress in our efforts to bring
further added value to our shareholders,” said Robert G. Williams, CEO
of BizRocket.com, Inc. “We will be updating our shareholders in the
near future for corporate news in regards to acquisition or joint
Safe Harbor Forward-Looking Statements
This news release contains forward-looking statements within the meaning
of the U.S. Private Securities Litigation Reform Act of 1995 including
statements relating to expectations of the 2012 or 2013 fiscal year; The
terms and phrases “estimated” “goal,” “commitment,” “possible,”
“guidance,” “expects,” “would,” “will,” “continuing,” “drive,”
“believes,” “indicate,” “look forward,” “grow,” “outlook,” “forecasts,”
“forecast,” “projected,” and similar terms and phrases are intended to
identify these forward-looking statements. Forward-looking statements
are based on estimates and assumptions made by BizRocket.com, Inc. in
light of its experience and its perception of historical trends, current
conditions and expected future developments, as well as other factors
that BizRocket believes are appropriate in the circumstances, including
but not limited to general economic
conditions, BizRocket’s expectations regarding its business, strategy
and prospects, and BizRocket’s confidence in the cash flow generation of
its business. Many factors could cause BizRocket’s actual results,
performance or achievements to differ materially from those expressed or
implied by the forward-looking statements, including, without
limitation: risks related to competition; BizRocket’s reliance on key
personnel; BizRocket’s ability to maintain and enhance its brand; and
difficulties in forecasting BizRocket’s financial results, particularly
over longer periods given the rapid Internet-technological changes and
competition. BizRocket.com, Inc. has no intention and undertakes no
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, except as
required by law.
This corporate profile is provided for information purposes only and should not
be used as the basis for any investment decision. We are neither licensed nor
qualified to provide investment advice. We were not paid, nor do we hold a
position in this stock. We reserve the right to buy or sell BZRT at any time
after this post.