>>>I hear a new product is about to be announced!
Raystream's Update to Shareholders And Investment Community
LAS VEGAS, July 9, 2013 /PRNewswire/ -- Raystream, Inc. (OTCPK: RAYS), a developer of High Definition video compression cloud-based software application is moving forward to bring the Company's financial filings current and entertaining business opportunities for generating new revenue streams.
Delmar Janovec, Raystream's new CEO, comments, "Brent Crouch, newly appointed CFO, and I came on board as the newly appointed Officers and Directors of Raystream on May 24, 2013. Since that time we have been in discussions with the major shareholders and major debt-note holders to develop a plan to bring the filings current, evaluate the current status of the High Definition video compression cloud-based software application, and to review new business opportunities that would add to the current operations of the Company.
Since the last quarterly filing for the period ended July 31, 2012, the Company has maintained limited operations and has continued to move forward with the completion of its High Definition video compression cloud-based software application. By maintaining its limited operations, and its primary asset (Intellectual Property valued at $1,000,000), the Company is not a shell. Based on the amount of development and investments by the Company, and with the continuing high demand for data storage, management believes completing the final stages of the software technology is in the best interests of the Company and its shareholders. Discussions with the software developer revealed the project is 98 percent completed."
Janovec further stated, "There is a lot to be accomplished to bring the filings current and our goal is to have this process completed and filed with the appropriate agencies within 75 days."
News 
Market Data 
Discover 
