Communications & Media: BounceBack, Name Dynamics Merge
August 18, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Name Dynamics, Inc., said it has closed an all-stock merger with BounceBackTechnologies.com, Inc. (OTC: BBTC), the sole parent of the company, under which BBTC merged with and into New Dynamics with New Dynamics continuing as the surviving corporation. In addition, under the agreement and plan of merger, the certificate of Incorporation of the company was amended and restated to increase the authorized number of shares to 50 million shares of common stock, par value $0.01 per share, and 10 million shares of preferred stock, par value $0.01 per share.
On August 16, the shareholders of BBTC approved the agreement and plan of merger, dated July 8, between BBTC and Name Dynamics at an annual meeting of shareholders.
The shareholders of BBTC received one share of Name Dynamics common stock for each outstanding share of BBTC common stock. Around 21 million of BBTC's total outstanding shares, or around 71 percent, voted for the merger.
According to Name Dynamics, no shares were voted against the approval of the merger.
North Carolina-based Name Dynamics creates products meant to expand the scope of public identity for businesses and how they communicate it online across search engines, social networks, mobile phones, directory assistance and the next generation of online Yellow and White Pages.
The company's branded product is Universal Business Listing.
Real-time, streaming research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://investrend.stocksmart.com/ss/html/hpcompany.html). Current valuation analysis research for companies and funds mentioned in FinancialWire(tm) news is available via the Investrend Research Syndicate (at http://www.valuengine.com/rep/searchsrep?pid=42&srchfor=).
FinancialWire(tm) is committed to serving the financial community through true journalism and providing relevant resources to investors. Standards-based, independent equity research on numerous public other companies is available through the Investrend Research Syndicate (http://www.investrend.com/reports) written by FIRST Research Consortium (http://www.investrend.com/FIRST) member-providers. Free annual reports and company filings for companies mentioned in the news are available through the Investrend Information Syndicate (at http://investrend.ar.wilink.com/?level=279). FinancialWire(tm), in cooperation with the Investrend Broadcast Syndicate, also provides complete, daily conference call and webcast schedules as a service to shareholders and investors via the FirstAlert(tm) Network’s “FirstAlert(tm) Daily” (at http://www.financialwire.net/news-alerts/).
FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation from subject entities, companies, equities, or representatives thereof, for its news, opinions or distributions. Further disclosure is posted at the FinancialWire(tm) website (at http://www.financialwire.net/disclosures.php and http://www.financialwire.net/2010/04/23/safe-harbor/). Additional resources for investors are also accessible via the FinancialWire(tm) website (at http://www.financialwire.net/2010/04/23/investor-resources/). Contact FinancialWire(tm) directly via inquiries@financialwire.net.
Copyright © MMX, FinancialWire(tm); All rights reserved.
[hlmsmlh] [cmmsmda] [rgltryrtl] [cmplncz] [gvrncnr] [mrgrsacqstns] [ftrdnwswnd]
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
