(openPR) Merger and stock swap completed in 2011: New ISIN and WKN
01.02.2012, Offenbach - OMTV COMMUNICATIONS INC. – hereafter referred to as “OMTV”.
On October 29th, 2011 in the course of a reverse takeover (RTO), the SpeedFry company, formerly listed on the Frankfurt Securities Exchange under the symbol “SZC”, was merged and renamed OMTV COMMUNICATIONS, INC.
New ISIN: CA 67102N1050, new WKN A1JRZQ, trading symbol “SZC”, issued on Dec. 29th , 2011.
For further details, visit the download section of the www.open-market.tv portal, which also contains the third quarterly report for 2011, 3, a copy of the stock swap agreement, together with the RTO memorandum.
OMTV chairman of the board, David Dube: “The start of OMTV Communications Inc. in 2011/2012 was very successful!” Launching Open Market TV was especially challenging, as was the exchange of stock in accordance with §4 WpPG (German Securities Act). All aspects of the limited issuance of stocks, mainly for the founders, were finally concluded in 2011,“ Dave Dube continued. "Stock totalling 1.75 million Euros was subscribed in 2011. A small number of shares, initially acquired by the company through a fiduciary trustee, in accordance with §3 WpPG (German Securities Act), is currently being delivered to a select number of investors. Meanwhile, the German Stock Exchange, as well as the Canadian authorities have been notified of all changes, and such have also been officially published," Dube went on.
The following persons have been newly appointed to the Board of Directors: David Dube (Chairman/President), Mark Jacobson, John Valasco, Christian Maria Scherner, Sascha Güntner. A renowned analyst has been commissioned to create a profile.
History:
OMTV Communications, Inc., founded in 1998, is headquartered in Toronto, Canada, and was originally listed as a provider of food and catering services. In the course of a reverse merger initiated by a group of private investors and specialists from the worlds of captial market investment, communications, and marketing, the company was taken over in June 2011, as a shell corporation.
OMTV’s business model follows the DCP principal and is thus based on two "pillars“: The first is a B2B-IPTV network or broadcaster (www.open-market.tv), and the second, a Music Broadcast Channel (www.roadhouse-live.com) as music TV network.
Conceived as an IPTV broadcaster and later planned to evolve into a freely-available, digital TV network (e.g. Astra), operating finance is to be provided exclusively by sponsors, advertising revenue, and other operative funding sources. As Dube explains, “We realized that the service portfolios currently available to meet the needs of the Small- or Micro Cap market segment are sadly lacking. It is precisely the smaller, listed companies that need representation in a professional environment, in order to establish a market foothold. No competitior is presently targetting this group of customers.“ Approx. 11,000 company securities are currently trading on the open market segment of the Frankfurt Securities Exchange, and this represents some exciting customer potential, Dube is convinced.
The framework for all such presentation, sales and marketing activities is structutred as a daily, topical, editorial format, concentrating on themes which, themselves, revolve around “Small Caps“. OMTV is also preparing national and internattional cooperations in the business and music sectors.
