Friday, October 04, 2013 9:06:55 AM
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4-Oct-2013
Changes in Control or Registrant, Change in Directors or Principal Officers
Item 5.01 Changes in Control of Registrant.
On September 30, 2013, Xpress Group, Ltd., a Hong Kong company ("Xpress") purchased 5,500,000 shares (the "Shares") of Scoop Media, Inc.'s (the "Company") common stock representing approximately 68.7% of its issued and outstanding common stock. The Shares were purchased from Yukon Industries, Inc. for $55,000.00 payable in cash at closing.
Xpress used funds from its working capital to acquire the Shares.
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On September 30, 2013 the Company's board of directors appointed Conn Flanigan as its Chief Executive Officer, Chief Financial Officer and a director to hold office until the next annual meeting of shareholders and until his successor is duly elected and qualified or until his resignation or removal.
Mr. Flanigan has served as General Counsel with eBanker Corporate Services, Inc., a Colorado subsidiary of Xpress since 2007. From 2000 to 2007 Mr. Flanigan served as Corporate Counsel to eVision Corporate Services, Inc., a Colorado subsidiary of Xpress. Mr. Flanigan received a B.A. in International Relations from the University of San Diego in 1990 and a Juris Doctor Degree from the University of Denver Sturm College of Law in 1996.
The board of directors appointed Mr. Flanigan in recognition of the importance of his abilities to assist the Company in expanding its business and the contributions he can make to its strategic direction.
The Company has not entered into any compensation arrangements with Mr. Flanigan.
Following the appointment of Mr. Flanigan as an officer and director of the Company, Awais Khan resigned his positions as our Chief Executive Officer, Chief Financial Officer and Director effective as of October 1, 2013. Richard Lee also resigned his positions as Vice President and Director effective October 1, 2013.
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All posts are strictly my opinion and are not buy or sell recommendations.
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