Replies to post #114639 on Crednology Holding Corp (fka COHO)

[sam1933]

Under the terms of the Agreement, the Company will issue to 4 Cloud Service Tech AG a newly designated series of Preferred stock in exchange for all of the outstanding shares of common stock for each of the two subsidiaries. At Closing, all officers and directors of the Company will resign to be replaced by newly appointed officers and directors. Closing for the transaction is anticipated to occur within 30 days upon completion of the due diligence period. Crednology Holding Corp. (OTCPK:COHO) completed the acquisition of 100% stake in Riteman, Inc. and 100% stake in Landmark PMG LLC from 4Service Cloud Tech AG (ENXTPA:MLOVE) on October 14, 2016. Crednology shall issue one class C preference share as purchase consideration. Crednology will retain its current symbol COHO. The current Board of Directors of Crednology will resign and a new Board shall be appointed. Orie Rechtman, current Chief Executive Oficer of 4Service will serve as the CEO and Secretary of Crednology and further board members will be appointed shortly.