Cleartronic, Inc. (CLRI) to Provide Shareholders With Special Stock Dividend in New-Spin Off Company
Larry Reid, CFO, Cleartronic, Inc. Speaks Live on S. Florida Radio Station
BOCA RATON, Fla., June 21, 2018 (GLOBE NEWSWIRE) -- Cleartronic, Inc., (OTCPINK:CLRI) announces that it will offer a special dividend of shares in its subsidiary VoiceInterop, Inc. to Cleartronic shareholders.
Larry Reid, President and CEO of Voiceinterop stated, “In management’s view, the VoiceInterop needs to be a free standing public company free to grow its core business and seek strategic acquisitions that will enhance shareholder value. Management also believes that after this spin-off Cleartronic will be able to clearly focus on its rapidly growing subsidiary ReadyOp Communications, Inc.”
Cleartronic, Inc., a Florida corporation (“Cleartronic”), is distributing to its shareholders owning common stock and “Class C” and “Class D” preferred stock an aggregate of 16,882,712 shares of shares of Common Stock of Voice Interop Inc. (“the Company” or “VoiceInterop”), its wholly-owned subsidiary. Cleartronic shareholders will receive .075 shares of VoiceInterop, common stock for every one (1) share of Cleartronic common stock and .375 shares of VoiceInterop common stock for each one (1) share of “Class C and D” preferred stock. The record date shall be defined as the first business day following an effective statement from the SEC regarding a pending Form S-1 filing.
Larry Reid, further stated, “Today at 12 noon, Thursday, June 21, 2018, I will be appearing LIVE in studio on Super 740 AM and 103.9 FM South Florida. I will be interviewed by long time radio show host Mick Bazsuly. His show will be broadcast all around South Florida as well as streamed worldwide on www.wsbrradio.com and filmed on AMP2.TV. The show will also be viewable at www.youtube.com under the Mick Bazsuly Show.”
Questions may be submitted prior to the show to firstname.lastname@example.org and will be asked on air.
About Cleartronic, Inc.
Cleartronic, Inc., a diversified holding Company, creates and acquires operating subsidiaries with the goal of manufacturing and selling products, services, and integrated systems to government agencies, business enterprises and the general public. In addition to its ongoing research and development projects, Cleartronic currently has two operating subsidiaries, ReadyOp Communications, Inc. and VoiceInterop, Inc.- www.cleartronic.com, www.voiceinterop.com and www.readyop.com.
Safe Harbor Statement
This news release contains statements that involve expectations, plans or intentions (such as those relating to future business or financial results) and other factors discussed from time to time in the Cleartronic’s Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements because of certain factors not within the control of the company. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to Cleartronic and VoiceInterop’s ability to finalize and enter into definitive agreements with strategic partners, VoiceInterop’s ability to have its registration statement on Form S-1 declared effective by the SEC, the availability of additional funding, the early-stage nature of the industry sector; regulatory changes affecting the sale, transport or consumption of Cannabidiol or hemp based products by humans or animals, commercial impacts to the Company’s business, related agreements, product development, marketing and distribution plans and strategies. Cleartronic cautions readers not to place undue reliance on any such forward-looking statements which speak only as of the date made. Cleartronic cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Cleartronic disclaims any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
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