VANCOUVER, BRITISH COLUMBIA — (Marketwired) — 06/03/16 — ACT360 Solutions Ltd. (TSX VENTURE: AKM) (the “Company”), a global provider of Online Customer Acquisition software and services, announces that it has changed its name to “Kona Bay Technologies Inc.” (the “Name Change”) and consolidated its issued and outstanding common shares on the basis of ten (10) pre-consolidation common shares for one (1) post-consolidation common share (“Consolidation”). The Company–s post-Consolidation common shares will trade on the TSX Venture Exchange under the symbol “KBY” on June 3, 2016.
The purpose of the Name Change and Consolidation is to reposition the Company to enhance its ability to access capital markets and various acquisition targets. The Company has reported previously that it is expanding its focus to include business development and growth by acquisition in lead generation and customer acquisition in industries beyond education.
As a result of the Consolidation, the Company–s 23,289,467 pre-consolidation common shares were consolidated to 2,328,947 post-consolidation common shares. Registered shareholders of the Company will receive new share certificates under the new CUSIP number, which is 50050B109.
Kona Bay Technologies Inc.
Kona Bay Technologies Inc. is a global provider of Online Customer Acquisition software and services. We acquire, manage, and build Online Customer Acquisition businesses that address the specific client acquisition needs of our customers in particular vertical markets.
FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release – including, without limitation, statements regarding future plans and objectives of the Company – are forward-looking statements that are subject to various risks and uncertainties. Forward-looking statements are based on current expectations and analyses, including the effects of anticipated product, service, and distribution changes and the potential benefits of such efforts and activities on the Company–s results of operations in future periods. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Vincent Wong
President
(604) 638-1553
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