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Quintessence

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Quintessence

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Thursday, 01/04/2018 9:47:06 AM

Thursday, January 04, 2018 9:47:06 AM

Post# of 19450
LSYN 1.82 +4.3% Acquires Internet Host Pair Networks

PITTSBURGH, PA / ACCESSWIRE / January 3, 2018 / Liberated Syndication, Inc. (OTCQB: LSYN) ("Libsyn") announced today that it closed its acquisition of Internet hosting company Pair Networks, Inc. ("Pair") on December 27, 2017. Libsyn paid $13.5 million in cash and issued 1,579,613 shares of restricted common stock valued at $2.5 million to acquire 100% of Pair. The combined businesses represented approximately $23 million in annual revenue and approximately $7 million in EBITDA for 2017.

http://www.digitaljournal.com/pr/3610546

https://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=12456042

Authorized Shares 200,000,000 a/o Aug 02, 2016
Outstanding Shares 24,415,860 a/o Nov 08, 2017
Float 20,506,857 a/o Aug 02, 2016

JMHO. DYODD. Watch List: FRHC, NTVA, TAQR, LQWC, ORNC

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