Cleartronic
announced it has completed a varied strategy to boost its share capitalization
and expand the membership of its board of directors.
After
talks with its majority shareholders and prospective investors, Cleartronic’s
management developed a capital structure plan aimed at providing long-term
benefits to the company and its shareholders. These discussions were also
deemed instrumental in establishing a plan to expand the board of directors.
Cleartronic
Chief Executive Officer Larry Reid commented, “We are positioned to implement
this strategy to take advantage of our share capital and other corporate tools
that we think will strengthen our company, attract possible acquisition
candidates and investors, and potentially provide long-term benefits for our
shareholders. We had considered expanding our board of directors for some time
and the recent licensing agreement for the ReadyOp™ software made us accelerate
the process. We have begun discussing our plans with prospective board members
and expect to announce new directors in the next few weeks.”
Cleartronic
is a technology company focused on creating and acquiring operating
subsidiaries to develop, manufacture, and sell products, services, and
integrated systems. Its solutions serve markets ranging from business
enterprises to consumer products and services. Its primary mission is to
leverage its underlying intellectual property to create new, high-growth market
applications and develop consumer products targeting large domestic and global
markets.
The
company’s wholly-owned subsidiary, VoiceInterop, Inc., is provider of
end-to-end, unified communications systems and solutions. Its AudioMate Gateway
line of products along with other hardware and software, offers
interoperability by capturing the data management power of Voice over Internet
Protocol (VoIP) and other open communications standards. VoiceInterop solutions
enable its customers to link a wide variety of otherwise incompatible
communications devices and networks such as two-way radios, PDAs, cellular
phones, and tablet PC devices into an integrated communication system.
VoiceInterop’s
systems are integrated into commercial enterprises and emergency services
applications, educational institutions and mission-critical airport
communication systems. Expanding upon its technology footprint, Cleartronic
researchers are exploring new opportunities in the machine-to-machine market,
cloud communications products and services, and “smart grid” applications.
For
more information on the company visit www.Cleartronic.com
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