WebSafety Settles Lawsuit and Reduces Liabilities
2012年7月10日 - 12:30AM
Rowland W. Day II, CEO of WebSafety, Inc. (OTCQB:WBSI), announced
that WebSafety had settled the lawsuit that the landlord had filed
against WebSafety for $75,000. This liability was listed as an
"Accrued Loss Contingency" for the amount of $400,000 on the March
31, 2012 10Q.
Additionally, during the past five months WebSafety
was able to convert an approximate $300,000 of liabilities into
approximately 60,000,000 common shares, most of these shares were
outstanding as of March 31, 2012.
Mr. Day stated that "WebSafety has substantially
reduced its liabilities this year and will continue to do so. I am
the largest creditor as I have continued to work without pay and
loan money to WebSafety each month to meet its working capital
requirements. There appears to be adequate debt and equity capital
now available to finance WebSafety's growth as we are now beginning
to market the software service. We are encouraged with both the
direction and the interest in the software service. It clearly
meets the need of the public to have a software solution that
deters both cyber-bullying and distracted driving."
About WebSafety, Inc.
WebSafety, Inc. is the leading provider of mobile
phone software solutions that notify parents and employers of
cyber-bullying, explicit or degrading texting and unlawful internet
behavior as well as the potential prevention of distracted driving.
The mobile phone software applications works on the Android and
Blackberry wireless operating systems and on all four of the major
wireless carriers in the United States and the three major wireless
carriers in Canada. For more information, please visit
http://www.websafety.com.
CONTACT: Edward Najjar
John Marshall
Micromedia Strategies
Tel: (800) 309-1872 ex 336
Email: john@mmstrat.com
WebSafety (PK) (USOTC:WBSI)
過去 株価チャート
から 6 2024 まで 7 2024
WebSafety (PK) (USOTC:WBSI)
過去 株価チャート
から 7 2023 まで 7 2024
Real-Time news about WebSafety Inc (PK) (その他OTC): 0 recent articles
その他のWebSafety, Inc.ニュース記事