OTCBB:FNSI - 4net Software Inc.
Profile Updated: Oct. 9, 2014
General: Fully SEC reporting shell seeking acquisitions
Address/phone updated: March 10, 2015 per 8-K file 03/03/2015
31248 Oak Crest Drive, Suite 110, Westlake Village, California 91361
The registrant's new telephone number is (805) 416-7054.
As of June 30, 2014: FNSI had 9,261,017 shares of common stock outstanding. As of June 30, 2014, Steven N. Bronson, the Company’s president and CEO beneficially owns 5,560,210 shares of the Company's common stock. Mr. Bronson's beneficial ownership represents approximately 60% of the Company's issued and outstanding shares of common stock.. Additionally, The Company has authorized for issuance 5,000,000 shares of preferred stock, none of which are issued and outstanding.
Effective May 1, 2014, the registrant relocated its principal offices to 3990-B Heritage Oak Court, Simi Valley, California 93063. FNSI occupies a portion of the offices occupied by BKF Capital Group (OTCQB:BKFG), Inc. on a month to month basis for a monthly fee of $100 per month paid to BKFG.
CEO: Steven N(athan). Bronson, FNSI Chairman, CEO, and majority shareholder of FNSI, is also the Chairman, CEO and majority shareholder of BKF Capital Group, Inc. Mr. Bronson is also CEO of Qualstar (OTCQB: QBAK). As of December 30, 2013 BKFG held 2,594,748 common shares of QBAK representing approximately 21.2% of the issued and outstanding shares of QBAK. He is also the chairman, president and majority shareholder of Ridgefield Acquisition Corp (OTCPink: RDGA) and the Chairman and CEO of Interlink Electronics (OTCPink: LINK).
Bronson is also President/Founder of Catalyst Financial LLC. Catalyst Financial was initially formed as a Merger & Acquisition (“M&A”) Advisory firm in 1996. Catalyst Financial has developed a strong network within the financial community and is dedicated to helping businesses and investors grow. The Firm is registered with the SEC as a broker-dealer, a member of the NASD and is licensed in 49 states. The firm’s President and Founder, Steven N. Bronson, has over 30 years of Wall Street experience, and securities industry’s contacts. For the last 22 years, Mr. Bronson has been a founding principal of two brokerage firms. Additionally, Mr. Bronson is a member of the Securities Industry Association. He also sat on the NASD (now known as FINRA) OTC Bulletin Board Committee for two years. Mr. Bronson has personally been involved in over $300 million of financings, mergers & acquisition transactions for small and middle market companies. Mr. Bronson currently holds the series 4, 7, 24, 53, 55, 63, 65, 66 and 79 licenses.
4net Software's Acquisition Strategy (per 10Q filings): The Company is engaged in pursuing an acquisition strategy, whereby 4net Software is seeking to enter into an acquisition, merger or other business combination transaction (a "Transaction") with an undervalued business (a "Target Company") with a history of operating revenues in markets that provide opportunities for growth. 4net Software is currently engaged in identifying, investigating and, if investigation warrants, entering into a Transaction with a Target Company that will enhance 4net Software's revenues and increase shareholder value. The Company utilizes several criteria to evaluate Target Companies including whether the Target Company: (1) is an established business with viable services or products, (2) has an experienced and qualified management team, (3) has opportunities for growth and/or expansion into other markets, (4) is accretive to earnings, (5) offers the opportunity to achieve and/or enhance profitability, and (6) increases shareholder value.