Brainybrawn, Inc. Announces That the News Released Earlier Through Accesswire About AS Reduction and Brainybrawn Striking a Deal With Microsoft India Is Completely False and Was Neither Authorized for Release nor Released by the COMPANY
10/29/15, 3:28 PM
ALLENTOWN, PA -- (Marketwired) -- 10/29/15 -- The Company (OTC PINK: BRNW) has made Accesswire fully aware of this completely doctored news release which was sent though their system.
The Company would like to make it abundantly clear that it has neither initiated nor completed installation of its software at Tata Memorial Hospital or the 11 other hospitals mentioned in the press release. The Company is also not aware of any deal of any sort, or a working relation or partnership of any type with Microsoft India.
Further, the Company also flatly denies rolling out its SANVI HEALTHLYNX information management systems in 53 hospitals as mentioned in the news release. The news about the annual recurring revenue of $9,250,000 from hospital contracts is also completely false and so is the news about reducing its authorized capital structure from 2,000,000,000 to 750,000,000.
The Company suspects that the news release was either by someone who wishes to tarnish the image of the Company or manipulate the share price for personal gains.
About Brainybrawn, Inc.
Brainybrawn, Inc., through its subsidiary Sanvi Infotech Pvt. Ltd (India), develops customized web and windows applications and comprehensive solutions across a diversified range of industry segment and also assist retailers, and education, and hospitality providers, in India and elsewhere, by developing products and services to help support, and market their practices and businesses with innovative technology and business solutions such as office and business automation, ERP and comprehensive information management software.
This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management's current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
Source: Brainybrawn Inc.
