Michael Kelly Increases Ownership in Spindle to 17 Percent
Jul 24, 2017
OTC Disclosure & News Service
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SCOTTSDALE, AZ / ACCESSWIRE / July 24, 2017 / Michael Kelly and Spindle, Inc. (OTCQB: SPDL) announced today that Kelly has acquired 7,816,151 shares in Spindle during the second quarter 2017. Kelly also announced that his company, iOT Broadband, LLC, acquired 250,000 shares of Spindle during the same period. These acquisitions bring Kelly's beneficial ownership in Spindle to just more than 17%.
Kelly stated, "Spindle is developing innovative merchant and consumer-facing commerce solutions focused on the Small and Medium-sized Business (SMB) market. It is focused on payment processing services and integrating value-added capabilities that enhance merchant revenue and increase consumer loyalty, experience, and stickiness. Spindle's technology and capabilities fit nicely with our other assets including the Alpha Bay SaaS, Cloud and mobile point of sale systems and our Yowza!! digital discount, coupon and loyalty applications."
Dr. Jack Scott, Spindle Chief Executive Officer, stated, "We are clearly pleased to see Michael Kelly increase his already sizeable stake in Spindle. His well-documented track record of building successful businesses speaks for itself. Mike and I have spent considerable time together discussing our collective future. Importantly, we both have a very vested interest in value creation, and our goals are aligned with those of our fellow Spindle shareholders. I look forward to working closely with Mike towards a common goal of generating a return on investment for our shareholders."
About Michael Kelly - Former DISH Network Executive and Blockbuster President.
