Forwardly Inc (FORW)

[RNG168]

Analysis of the LOI Merger PR....

Guard Dog Inc. (Pink Sheets: GRDO) announces plans to complete corporate merger. A Letter of Intent outlining terms for the merger has been executed with completion dates of March 2011(PR due any day now) .

Several steps have been taken to finalize the legal requirements for this merger to be completed. This merger requires corporate restructuring including changes to Guard Dog Inc’s upper management(resgination of Andreas, Gray, Lynn), the transferring of Guard Dog Inc’s controlling interest(another player in the ID Theft business that is in a larger position per 1/28 CC), corporate assets(transferred client-base to CSIdentity on 3/7), as well as the relocation of Guard Dog Inc’s corporate office(unknown). Restructuring will also allow for current liabilities to be removed while satisfying outstanding obligations(the merging company will assume all debts of GRDO).

VP of Marketing Shawn Andreas has resigned from the company. Guard Dog Inc’s office has already been moved from its current location and additional steps are being taken to quickly satisfy remaining requirements(confirmed by CSI reps that GRDO will be exiting the ID Theft business > R/M).

Guard Dog Inc’s efforts to upgrade its reporting status strongly assisted with negotiations, as they are positive for the company’s future value. The previous steps taken to date will simplify becoming fully reporting and up listing Guard Dog Inc to a higher exchange(adding more shareholder values once merger takes place).

James Watson, CEO of Guard Dog Inc stated, “We have made great achievements since 2008 in preparation to up list GRDO from the pink sheet market. This alone stabilizes the shareholder base and provides upper management the opportunity for growth in the investment community.”

Additional announcements have been placed on hold until after the merger is complete. Both companies(two parties involved in this LOI) have agreed to enter into a quite(typo on purpose) stage during the remaining days of this transition. An official press release will be made once all legal requirements have been fulfilled(waiting for legals to clear). The projected timeline for completing this merger is set for mid March(missed the projected timeline).