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Usually when a PR says they do not plan on a RS, they end up doing a RS.
Link worked for me.
I can buy ATTD with Schwab no problem.
SCHWINGGGGGGGGGG!!!!
About 150M shares in first 3 hours on the way up. About 50M since on the way down. Low volume walk-down.
Releasing the distribution PR this morning was a good move.
Next one won't have a low-revenue 10Q later the same day.
I'm trying to find an instance of Paul Pierce promoting PhaseIII, no luck so far.
Don't see it mentioned on his website.
http://www.paulpierce.net/community
Looks like Kelly Clark is kicking his butt.
Too bad he doesn't wear a PhaseIII headband.
No PM, request granted.
Anyone watching the Winter X games saw that PhaseIII decal for a long time. Kelly Clark did a good job for ATTD.
Thanks, sssneo. Just following up on the video you mentioned.
Add a pic to the ibox if you like.
I don't remember seeing a PR announcing the Kelly Clark and Seth Wescott sponsorship. It is mentioned in this article...
http://www.pennytrader.com/featured-companies/attitude-drinks-inc/
That does sound fishy.
SSNTA needs to PR an update of new deals, etc. to keep the "promise" Meller made in his recent interview.
At least Schwab indicates SSNTA is "HTB"...
Hard-to-Borrow (HTB) Indicator
Stocks that may be difficult to borrow for shorting purposes will have a "Hard to Borrow" indicator next to the tabs at the top of the Trading Window as shown below. If the stock you wish to short has this indicator, consider that it may be difficult to fill your order. For questions on shortable share availability, please contact Securities Lending at 1-800-355-2448.
Those bastards! It says availability = 300, doesn't seem like many shares available to short unless that is not what 300 means.
Symbol: SSNTA
Availability: 300
Why not buy 100,000 now at .0425 instead of 50,000 later at .10?
Seems like SSNTA could take action for a false claim about an SEC investigation.
Let the buying blitz begin.
Yes, I want you to do a buying blitz. TIA.
Hopefully today's pop won't be just a one-day wonder.
1/25/2012 News: SilverSun Technologies Acquires Outstanding Minority Interest in SWK Technologies
http://www.marketwatch.com/story/silversun-technologies-acquires-outstanding-minority-interest-in-swk-technologies-2012-01-25
LIVINGSTON, NJ, Jan 25, 2012 (MARKETWIRE via COMTEX) -- SilverSun Technologies, Inc. (otcqb:SSNTA), which previously owned 80% of the Company's subsidiary, SWK Technologies, Inc., has acquired the remaining 20% of SWK. SWK Technologies is once again a wholly-owned subsidiary of SilverSun.
Mark Meller, CEO of SilverSun, stated, "2011 was a remarkable year for our Company. We set out to restructure the Company, and have been successful in that effort. We have eliminated all third party debt and reduced our total liabilities from over $6 million in January 2010 to less than $2.9 million today. Our sales increased by over 40% from previous years. We rationalized our cap structure so that our Company stock would represent an attractive investment to both potential investors and potential acquisition targets. We were able to secure senior debt financing in the form of a revolving line of credit from a commercial lender. The acquisition of the 20% of SWK which we did not own is but another step in our 'housekeeping' as we prepare to implement our aggressive growth plan during 2012."
Jeffrey D. Roth, CEO of SWK Technologies, who was previously a shareholder of SWK and is now a shareholder in SilverSun, commented, "This is a watershed event for our Company. With this transaction, four SWK managers are now significant shareholders of SilverSun, aligning our interests directly with that of all other SilverSun shareholders. I am very excited about the growth opportunities available to SilverSun, and am very pleased that SilverSun decided to enter into this transaction. "
About SilverSun Technologies, Inc.
SilverSun Technologies is involved in the acquisition and build-out of technology and software companies. The Company's growth strategy is to acquire firms in this extensive and expanding, but highly fragmented segment, as it seeks to create substantial value for shareholders. Since June 2004, SilverSun has acquired SWK Technologies, Inc., Business Tech Solutions Group, Inc., Wolen Katz Associates, and AMP-BEST Consulting, Inc. For more information, visit www.silversuntech.com , www.swktech.com , www.mapadoc.com , or contact SilverSun Technologies CEO Mark Meller at (973) 758-6108, by e-mail at mark.meller@swktech.com, or by Twitter at Mark_SSNT.
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding among other things our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to SilverSun Technologies, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
Contact
SilverSun Technologies
Mark Meller
CEO
(973) 758-6108
Yes, I confess I was having "I Dream of Genie" flashbacks.
I better be careful what I wish for, when I said to get it to $1, I didn't mean by a R/S.
Thanks, DRT! Now I wish you would buy millions and millions of shares and get this to $1.
How about a sticky note for today's news? It is a relatively big development.
News today...
http://www.marketwire.com/press-release/silversun-technologies-acquires-certain-assets-incortech-leading-sage-software-reseller-otcqb-ssnta-1610246.htm
SOURCE: SilverSun Technologies, Inc.
January 24, 2012 09:15 ET
SilverSun Technologies Acquires Certain Assets of IncorTech, a Leading Sage Software Reseller in Southern California
LIVINGSTON, NJ--(Marketwire - Jan 24, 2012) - SilverSun Technologies, Inc. (OTCQB: SSNTA) announced today that the Company's subsidiary, SWK Technologies, Inc., the premier total solutions provider specializing in business software for manufacturers and distributors, has acquired the Sage software customer accounts of IncorTech, a Southern California-based Sage business partner.
Mark Meller, CEO of SilverSun, stated, "This transaction is but the first in a series of transactions we hope to close in 2012. Sales last year were up over 50% from the previous year, and we want to exceed that number in 2012. Our solid balance sheet, rapid growth, depth of expertise and resources, and position in the SMB marketplace make us particularly well positioned to achieve our aggressive growth plan in 2012."
Jeffrey D. Roth, CEO of SWK Technologies, commented, "This is a perfect fit for SWK. We look forward to integrating the existing IncorTech clients into our substantial installed base of current Sage customers. Our focus in Southern California will be to sell and support our MAPADOC integrated EDI solution and to market Sage ERP X3 to both former IncorTech customers, where suitable, and to new prospects."
Steve Birdwell, President of IncorTech, added, "For over 15 years, IncorTech has provided a professional accounting, technology, and business consulting services to over 300 clients. We are simply thrilled to have completed this transaction with SWK Technologies. We have worked with the SWK team for the past 10 years and have always been very impressed with the level of service they've provided to us and to our clients."
About SilverSun Technologies, Inc.
SilverSun Technologies is involved in the acquisition and build-out of technology and software companies. The Company's growth strategy is to acquire firms in this extensive and expanding, but highly fragmented segment, as it seeks to create substantial value for shareholders. Since June 2004, SilverSun has acquired SWK Technologies, Inc., Business Tech Solutions Group, Inc., Wolen Katz Associates, and AMP-BEST Consulting, Inc. For more information, visit www.silversuntech.com, www.swktech.com, www.mapadoc.com, or contact SilverSunTechnologies CEO Mark Meller at (973) 758-6108, by e-mail at mark.meller@swktech.com, or by Twitter at Mark_SSNT.
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, regarding among other things our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include market conditions and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. All forward-looking statements attributable to SilverSun Technologies, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language
Contact Information
Contact
SilverSunTechnologies
CEO Mark Meller
(973) 758-6108
Det., thanks for the analysis. Would be nice to hear about some recent sales.
8K - Stock Swap...
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8006371
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 12, 2012
SILVERSUN TECHNOLOGIES INC.
(Exact name of registrant as specified in its charter)
Delaware
000-50302
16-1633636
(State or other jurisdiction
of incorporation)
(Commission File Number)
(IRS Employer
Identification No.)
5 Regent Street, Suite 520
Livingston, New Jersey 07039
(Address of Principal Executive Offices)
(973) 758-9555
Registrant’s telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 1.01 Entry into a Material Definitive Agreement.
On January 12, 2012, SilverSun Technologies, Inc., a Delaware corporation (the “Company”), entered into a share exchange agreement (the “Agreement”) with certain shareholders (the “SWK Shareholders”) of SWK Technologies, Inc., a Delaware corporation and subsidiary of the Company (“SWK”). Pursuant to the terms of the Agreement, the SWK Shareholders exchanged an aggregate of 25 shares of SWK to the Company for a total of 22,664,678 shares (the “Exchange Shares”) of the Company’s common stock (the “Exchange”). Upon consummation of the Exchange, SWK became a wholly-owned subsidiary of the Company.
Item 2.01 Completion of Acquisition or Disposition of Assets.
See Item 1.01 above.
Item 3.02 Unregistered Sales of Equity Securities.
See Item 1.01 above.
The Company issued the Exchange Shares in reliance on an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Act”) for the private placement of our securities pursuant to Section 4(2) of the Act and/or Rule 506 of Regulation D promulgated thereunder. The transaction does not involve a public offering, the SWK Shareholders are “accredited investors” and they have access to information about the Company and their investment.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No.
Description
10.1
Share Exchange Agreement, dated January 12, 2012, by and among SilverSun Technologies, Inc. and certain signatories thereto *
* filed herewith
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SILVERSUN TECHNOLOGIES, INC.
Date: January 20, 2012
By:
/s/ Mark Meller
Mark Meller
Chief Executive Officer
Exhibit 10.1
SHARE EXCHANGE AGREEMENT
This SHARE EXCHANGE AGREEMENT (the “Agreement”) is entered into as of January 12, 2012, by and among Silversun Technologies, a corporation incorporated under the laws of the State of Delaware ( “SSNTA”), and certain individuals listed on Schedule 1 hereto (each a “SWK Shareholder” and together, collectively, the “SWK Shareholders”, and together with SSNTA, the “Parties” and each, a “Party”).
WITNESSETH
WHEREAS, the SWK Shareholders owns, in the aggregate, 25 shares of common stock (the “SWK Shares”) of SWK Technologies, Inc., a corporation incorporated under the laws of the State of Delaware and a subsidiary of SSNTA (“SWK”);
WHEREAS, SSNTA believes that it is in its best interests to exchange 22,664,678 shares of common stock of SSNTA (the “SSNTA Shares”) for the SWK Shares in the proportions set out on Schedule 1 hereto (the “Exchange”) such that, upon the execution hereof and the consummation of the Exchange, SSNTA will own all of the right, title and interest in and to the SWK Shares and the SWK Shareholders will own all of the right, title and interest in and to the SSNTA Shares; and
WHEREAS, it is the intention of the Parties that the Exchange qualify as a tax-free organization under Section 368(a)(1)(B) of the United States Internal Revenue Code of 1986, as amended, and a transaction in securities exempt from registration or qualification under the Securities Act of 1933, as amended (the “Securities Act”).
NOW THEREFORE, on the stated premises and for and in consideration of the mutual covenants and agreements hereinafter set forth and the mutual benefits to the Parties to be derived herefrom, and intending to be legally bound hereby, the Parties hereby agree as follows:
ARTICLE I
SHARE EXCHANGE
Section 1.01 Incorporation of Recitals. The recitals set forth hereinabove are incorporated herein by this reference with the same force and effect as if fully set forth hereinafter.
Section 1.02 The Exchange.
(a) On the terms and subject to the conditions set forth in this Agreement, SSNTA shall assign, transfer and deliver to the SWK Shareholders, free and clear of all Liens (as defined herein), all of the SSNTA Shares in exchange for the SWK Shares, which shall be free and clear of any and all Liens.
(b) On the terms and subject to the conditions set forth in this Agreement, the SWK Shareholders shall each assign, transfer and deliver to SSNTA, free and clear of all Liens (as defined herein), all of the SWK Shares in exchange for the SSNTA Shares, which shall be free and clear of any and all Liens.
Section 1.03 Mechanics. To consummate the Exchange, (i) SSNTA shall instruct its transfer agent to issue shares of common stock of SSNTA in the amounts set forth on Schedule 1 with irrevocable instructions to deliver the shares to the individual SWK Shareholders; and (ii) the SWK Shareholders shall each surrender their respective stock certificates representing the SWK Shares, together with duly endorsed medallion-guaranteed stock power, if applicable (the “SWK Stock Certificates”), to SWK with irrevocable instructions to issue an individual certificate to SSNTA in the aggregate amount set forth on Schedule 1 hereto
ARTICLE II
REPRESENTATIONS AND WARRANTIES OF SSNTA
SSNTA represents and warrants to the SWK Shareholder that, as of the date hereof, except for those representations and warranties that speak of a different date:
Section 2.01 Organization; Authority.
(a) SSNTA is a corporation duly incorporated, validly existing and in good standing under the laws of the State of Delaware and has all requisite corporate power and authority to own, lease and operate its properties and to carry on its business as now conducted and as currently proposed to be conducted. SSNTA is duly qualified or authorized to do business and is in good standing under the laws of each jurisdiction in which it owns or leases real property and each other jurisdiction in which the conduct of its business or the ownership of its properties requires such qualification or authorization. SSNTA has made available to the SWK Shareholder true, complete and accurate copies of its articles of incorporation and by-laws, and any amendments thereto or restatements thereof, as in effect on the date hereof;
(b) The execution and delivery of this Agreement does not, and the consummation of the transactions contemplated hereby will not, violate any provision of the articles of incorporation or by-laws of SSNTA. SSNTA has full power and authority to enter into this Agreement and consummate the transactions contemplated hereby; and
(c) This Agreement constitutes the valid and binding obligation of SSNTA, enforceable in accordance with its terms, except as may be limited by bankruptcy, insolvency, moratorium or other similar laws affecting the enforcement of creditors’ rights generally, or principles of equity.
Section 2.02 Capitalization. As of the date hereof, the authorized shares of SSNTA consist solely of 750,000,000 shares of common stock, $0.0001 par value per share, of which [?] shares are issued and outstanding.
ARTICLE III
REPRESENTATIONS AND WARRANTIES OF THE
SWK SHAREHOLDER
The SWK Shareholders represents and warrants to SSNTA that, as of the date hereof, except for those representations and warranties that speak of a different date:
Section 3.01 Good Title. The SWK Shareholders is the record and beneficial owner, and has good title to, the SWK Shares, with the full right and authority to sell and deliver such SWK Shares, free and clear of any and all liens, encumbrances, pledges, security interests, claims, charges, options, rights of first refusal, proxies, voting trusts, or agreements, transfer restrictions under any equity holder or similar agreement or any other restriction or limitation whatsoever, including any contract granting any of the foregoing (collectively, “Liens”), to SSNTA pursuant to the Exchange. SSNTA, as the new owner of such SWK Shares, will receive good title to such SWK Shares, free and clear of all Liens;
Section 3.02 Power; Enforceability. The SWK Shareholders are each of majority age and have the legal capacity to execute and deliver this Agreement and consummate the transactions contemplated hereby, and to perform their obligations under this Agreement. This Agreement constitutes a legal, valid, and binding obligation of the SWK Shareholders, enforceable against the SWK Shareholders in accordance with its terms, except as may be limited by bankruptcy, moratorium or other similar laws affecting the enforcement of creditors’ rights generally, or principles of equity;
Section 3.03 No Conflicts. The execution and delivery of this Agreement by the SWK Shareholders and the performance by the SWK Shareholders of their obligations hereunder in accordance with the terms hereof (i) will not require the consent of any third party or governmental entity under any laws, (ii) will not violate any laws applicable to the SWK Shareholders or the SWK Shares and (iii) will not violate or breach any contractual obligation to which the SWK Shareholders are a party or under which the SWK Shares are bound;
Section 3.04 Acquisition of the Exchange Share for Investment.
(a) Purchase Entirely for Own Account. The SSNTA Shares proposed to be acquired by the SWK Shareholders hereunder will be acquired for investment for his own account and not as a nominee or agent, and not with a view to the resale or distribution of any part thereof, and the SWK Shareholders have no present intention of selling, granting any participation in or otherwise distributing the SSNTA Shares, except in compliance with applicable securities laws. The SWK Shareholders further represent that they do not have any contract, undertaking, agreement or arrangement with any Person to sell, transfer or grant participation to such Person with respect to the SSNTA Shares.
(b) The SWK Shareholder (i) can bear the economic risk of his investment and (ii) possesses such knowledge and experience in financial and business matters that he is capable of evaluating the merits and risks of his investment in SSNTA and its securities.
(c) The SWK Shareholders understand that the SSNTA Shares are not registered under the Securities Act and that the issuance hereof to the SWK Shareholders is intended to be exempt from registration under the Securities Act pursuant to Regulation D promulgated thereunder (“Regulation D”). The SWK Shareholders are each “accredited investors,” as such term is defined in Rule 501 of Regulation D or, if not an accredited investor, otherwise meets the suitability requirements of Regulation D and Section 4(2) of the Securities Act (“Section 4(2)”). The certificate representing the SSNTA Shares issued to the SWK Shareholders shall be endorsed with the following legends, in addition to any other legend required to be placed thereon by applicable Securities Laws (as defined herein):
“THIS SECURITY HAS BEEN ACQUIRED FOR INVESTMENT AND HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (“SECURITIES ACT”), OR APPLICABLE STATE SECURITIES OR “BLUE SKY” LAWS.”
“TRANSFER OF THESE SECURITIES IS PROHIBITED UNLESS A REGISTRATION STATEMENT UNDER THE SECURITIES ACT WITH RESPECT TO SUCH SECURITY SHALL THEN BE IN EFFECT AND SUCH TRANSFER HAS BEEN QUALIFIED UNDER ALL APPLICABLE STATE SECURITIES OR “BLUE SKY” LAWS, OR AN EXEMPTION THEREFROM SHALL BE AVAILABLE UNDER THE ACT AND SUCH LAWS.”
(d) The SWK Shareholders acknowledge that neither the SEC, nor the securities regulatory body of any state or other jurisdiction, has received, considered or passed upon the accuracy or adequacy of the information and representations made in this Agreement;
(e) The SWK Shareholders acknowledge that they have each carefully reviewed such information as they have deemed necessary to evaluate an investment in SSNTA and its securities. To the full satisfaction of the SWK Shareholder, he has been furnished all materials that he has requested relating to SSNTA and the issuance of the SSNTA Shares hereunder.
(f) The SWK Shareholder understands that the SSNTA Shares may not be sold, transferred, or otherwise disposed of without registration under the Securities Act or an exemption therefrom, and that in the absence of an effective registration statement covering the SSNTA Shares or any available exemption from registration under the Securities Act, the SSNTA Shares may have to be held indefinitely. The SWK Shareholders further acknowledge that the SSNTA Shares may not be sold pursuant to Rule 144 promulgated under the Securities Act unless all of the conditions of Rule 144 are satisfied, including, without limitation, SSNTA’s compliance with the reporting requirements under the Exchange Act.
Section 3.05 Additional Legend; Consent. Additionally, the SSNTA Shares will bear any legend required by the “blue sky” laws of any state to the extent such laws are applicable to the securities represented by the certificate so legended. The SWK Shareholder consents to SSNTA making a notation on its records or giving instructions to any transfer agent of the SSNTA Shares in order to implement the restrictions on transfer of the SSNTA Shares.
ARTICLE IV
COVENANTS
Section 4.01 Securities Law Compliance. Each of SSNTA and SWK understands and agrees that the consummation of this Agreement, including the issuance of the SSNTA Shares and the SWK Shares as contemplated hereby, constitutes the offer and sale of securities under the Securities Act and applicable state statutes. Each of SSNTA and SWK agree that such transactions shall be consummated in reliance on exemptions from the registration requirements of such statutes, which depend, among other items, on the circumstances under which such securities are acquired. Furthermore, in connection with the transactions contemplated by this Agreement, SSNTA and SWK shall each file, with the assistance of the other and their respective legal counsel, such notices, applications, reports or other instruments as may be deemed by them to be necessary or appropriate in an effort to document reliance on such exemptions, and the appropriate regulatory authority in the state where SSNTA and the SWK Shareholder is incorporated or resides, unless an exemption requiring no filing is available in such jurisdiction, all to the extent and in the manner as may be deemed by the Parties to be appropriate.
Section 4.02 Further Assurances. Subject to the terms and conditions herein provided, each Party shall use its reasonable best efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary, proper or advisable under applicable laws and regulations to consummate and make effective this Agreement and the transactions contemplated herein.
ARTICLE V
MISCELLANEOUS
Section 5.01 Brokers. Each Party agrees that there were no finders or brokers involved in bringing the Parties together or who were instrumental in the negotiation, execution or consummation of this Agreement. Each Party agrees to indemnify the other against any claim by any third Person for any commission, brokerage or finder’s fee arising from the transactions contemplated hereby based on any alleged agreement or understanding between the indemnifying party and such third Person, whether express or implied, from the actions of the indemnifying party.
Section 5.02 Governing Law. All questions concerning the construction, validity, enforcement and interpretation of this Agreement shall be governed by the internal laws of the State of New Jersey, without giving effect to any choice of law or conflict of law provision or rule (whether of the State of New Jersey or any other jurisdictions) that would cause the application of the laws of any jurisdictions other than the State of New Jersey. Each Party hereby irrevocably submits to the exclusive jurisdiction of the state and federal courts sitting in the State of New Jersey, for the adjudication of any dispute hereunder or in connection herewith or with any transaction contemplated hereby or discussed herein, and hereby irrevocably waives, and agrees not to assert in any suit, action or proceeding, any claim that it is not personally subject to the jurisdiction of any such court, that such suit, action or proceeding is brought in an inconvenient forum or that the venue of such suit, action or proceeding is improper. Each Party hereby irrevocably waives personal service of process and consents to process being served in any such suit, action or proceeding by mailing a copy thereof to such Party at the address for such notices to it under this Agreement and agrees that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in any way any right to serve process in any manner permitted by law.
Section 5.03 Notices. All notices or other communications required or permitted by this Agreement shall be in writing to the address indicated on Schedule 1 hereto or such other addresses as shall be furnished in writing by any Party in the manner for giving notices hereunder.
Notice shall be deemed to have been duly received:
(a) if given by fax or email, when transmitted and the appropriate confirmation received, as applicable, if transmitted on a business day and during normal business hours of the recipient, and otherwise on the next business day following transmission;
(b) if given by certified or registered mail, return receipt requested, postage prepaid, three business days after being deposited in the U.S. mail; and
(c) if given by courier, messenger or other means, when received or personally delivered and, in any such case, addressed as indicated herein, or to such other addresses as may be specified by any Party to the other Parties pursuant to notice given by such Party in accordance with the provisions of this Section.
Section 5.04 Expenses. Each of SSNTA and the SWK Shareholders shall bear their own respective expenses, including legal, accounting and professional fees, incurred in connection with this Agreement and any other agreements in connection therewith, the Exchange or any of the other transactions contemplated hereby.
Section 5.05 Entire Agreement. This Agreement represents the entire agreement between the Parties relating to the subject matter hereof, and supersedes all prior agreements, understandings and negotiations, written or oral, with respect to such subject matter.
Section 5.06 Survival; Termination. The representations, warranties and covenants of the respective Parties shall survive the consummation of the transactions herein contemplated for a period of one year.
Section 5.07 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be deemed an original, and all of which taken together shall be but a single instrument. Signatures delivered by facsimile shall be deemed original signatures.
Section 5.08 Amendment or Waiver. Every right and remedy provided herein shall be cumulative with every other right and remedy, whether conferred herein, at law or in equity, and may be enforced concurrently therewith, and no waiver by any Party of the performance of any obligation by the other shall be construed as a waiver of the same or any other default then, theretofore or thereafter occurring or existing. This Agreement may by amended by a writing signed by all Parties, with respect to any of the terms contained herein, and any term or condition of this Agreement may be waived or the time for performance may only be extended by a writing signed by the Party or Parties for whose benefit the provision is intended.
[-Signature Pages Follow-]
IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed as of the date first written above, and the corporate Parties have caused this Agreement to be executed by their respective officers, hereunto duly authorized.
SILVERSUN TECHNOLOGIES, INC.
By: /s/ Mark Meller
Name: Mark Meller
Title: Chief Executive Officer
SWK SHAREHOLDER:
/s/ Jeffrey Roth
Jeffrey Roth
/s/ Paul Frydman
Paul Frydman
/s/ Andrew Nunez
Andrew Nunez
/s/ Gary Berman
Gary Berman
SCHEDULE I
Name of
SWK Shareholder
SSNTA Shares
(to be delivered to the
SWK Shareholder)
SWK Shares
(to be delivered to the
SSNTA Shareholder)
Jeffrey Roth
13,825,454
15.625
Paul Frydman
2,946,408
3.125
Andrew Nunez
2,946,408
3.125
Gary Berman
2,946,408
3.125
TOTAL
22,664,678
25
Are these guys still in business?
http://stockmarkot.com/category/alco-advanced-technologies-inc/
Alco Advanced Technologies, Inc. (ALCD: OTC Link) | Tier Change
18 days ago
By OTC Markets Group - News, Filings & Corporate Actions
Fri, Dec 16, 2011 12:00 - Alco Advanced Technologies, Inc. (ALCD: OTC Link) - Tier Change - The symbol, ALCD, no longer is classified as OTC Pink Current. As of Fri, Dec 16, 2011, ALCD resides in the OTC Pink Limited tier. You may find a complete list of tier changes at otcmarkets.com.
SPAM posts should be deleted.
Moderators of stock-specific boards are allowed to immediately remove any post that falls into the following categories: Threat, Off-Topic, Vulgarity, Privacy Violation, Spam, Personal Attack, or Duplicate.
Wow, that guy draws real good! Straightest lines I've ever seen.
Maybe they are switching to the cartoon industry?
ALZM making a move on volume.
Works for me.
http://www.allezoe.com/
GCLL News, don't see it flagged on IHUB
http://ih.advfn.com/p.php?pid=nmona&article=50333096
GreenCell, Inc. Announces it Has Commissioned the Design and Construction of a New Technology High Throughput Production Kiln
GreenCell, Incorporated (OTCBB:GCLL) today announced it has commissioned the design and construction of a new high throughput roller hearth kiln from SenCer Inc. in preparation for its igniter volume scale-up. The roller hearth kiln will be made from UltraTemp-M composite rollers and will be fully automated. The unit will incorporate hot-zone panels made from UltraTemp-C to maintain chemical purity and high quality assurance on the GreenCell line. Multiple units will be available on a rapid construction basis to meet volume demands on GreenCells range of products. Dan Valladao, CEO and President, stated, "This is just another important step in preparing the company for full scale up of our revolutionary new ceramic igniter to meet our expected market demands."
About GreenCell, Incorporated
GreenCell is engaged in a joint venture with SenCer Inc. to develop, commercialize and market SenCer's UltraTemp(TM) ceramic composite materials for Home and Transportation applications. GreenCell has identified multiple industries with significant commercial applications with potential revolutionary results. Some of the many applications for this technology are SOFC Fuel Cells, Igniters, Braking, Oxygen Sensors, and Ceramic Heaters.
The GreenCell, Incorporated logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11206
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. Specifically, the Company's ability to raise additional capital, execute its business plan and strategy, sustain or increase gross margins, achieve profitability and build shareholder value are forward-looking statements. A more extensive listing of risks and factors that may affect the Company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the Company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: GreenCell, Incorporated
Paula Bausman, Investor Relations
p. 407.363.5633
e. paulab@greencellinc.com
GCLL News, don't see it flagged on IHUB
http://ih.advfn.com/p.php?pid=nmona&article=50333096
GreenCell, Inc. Announces it Has Commissioned the Design and Construction of a New Technology High Throughput Production Kiln
GreenCell, Incorporated (OTCBB:GCLL) today announced it has commissioned the design and construction of a new high throughput roller hearth kiln from SenCer Inc. in preparation for its igniter volume scale-up. The roller hearth kiln will be made from UltraTemp-M composite rollers and will be fully automated. The unit will incorporate hot-zone panels made from UltraTemp-C to maintain chemical purity and high quality assurance on the GreenCell line. Multiple units will be available on a rapid construction basis to meet volume demands on GreenCells range of products. Dan Valladao, CEO and President, stated, "This is just another important step in preparing the company for full scale up of our revolutionary new ceramic igniter to meet our expected market demands."
About GreenCell, Incorporated
GreenCell is engaged in a joint venture with SenCer Inc. to develop, commercialize and market SenCer's UltraTemp(TM) ceramic composite materials for Home and Transportation applications. GreenCell has identified multiple industries with significant commercial applications with potential revolutionary results. Some of the many applications for this technology are SOFC Fuel Cells, Igniters, Braking, Oxygen Sensors, and Ceramic Heaters.
The GreenCell, Incorporated logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11206
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. Specifically, the Company's ability to raise additional capital, execute its business plan and strategy, sustain or increase gross margins, achieve profitability and build shareholder value are forward-looking statements. A more extensive listing of risks and factors that may affect the Company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the Company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT: GreenCell, Incorporated
Paula Bausman, Investor Relations
p. 407.363.5633
e. paulab@greencellinc.com
SSNTA on fire! Up 127% right now.
Someone is loading up on those .022s.
I wouldn't base any decision on a Tulsa World article.
I love the smell of panic in the morning.
This looks like the KATX lonely hearts club today.
Looking for .70 today, close to 100 MA.