Cyber Kiosk Solutions issues 5 million restricted shares of stock to XSKN, Inc. as part of the transaction to acquire 25% of XSKN
CORAL SPRINGS, Fla., March 13, 2013 /PRNewswire/ -- Cyber Kiosk Solutions, Inc. (PinkSheets: CYBK) last week took the final steps to reduce its Authorized and Outstanding shares as previously announced. The Company also filed its Annual Report with the State of Florida adding 4 new members to its Board of Directors and two new officers.
Cyber Kiosk Solutions is moving forward as schedule on its closing of the XSKN transaction by issuing XSKN, Inc. 5 million restricted shares of its common stock. The Company must also align XSKN with distribution and other key elements to fulfill its part of the agreement.
XSKN, Inc. is but one of a series of operating private companies that Cyber Kiosk Solutions has partnered with to help build revenues and assets for the Company and increase shareholder value. Each company will add assets and revenues to the balance sheet increasing the Company's net value and share value.
Updates regarding contracts and agreements with Empasys™, American First Equity, Max Celular and Preway to be released shortly.
About Cyber Kiosk Solutions, Inc.:
Cyber Kiosk Solutions, Inc. distributes Company owned kiosk machines and tablets under the brand name Cyber-Thingy™ to earn residual revenues and/or sell kiosk machines to earn up-front and residual revenues. Cyber-Thingy™ is divided into two divisions, Domestic and International. Cyber-Thingy's™ Domestic division distributes Company owned kiosk machines and tablets to earn residual revenues and/or sell kiosk machines to earn up-front and residual revenues. Cyber-Thingy's™ multiple revenue streams are derived transaction and fee based programs running within the kiosks such as; Digital Advertising, Mobile Phone Top-up Minutes (reload), Online Bill Pay, Money Transfers, International Calling Cards, Events-Sports-Movie Tickets, Gift Card Programs, Prepaid Cards, Prepaid Cell Phone Service and New Products Advertising Wraps. ALL services come with an immediate purchase option. Each Kiosk machine comes with a cash bill acceptor and a credit card reader for ease of payment. Tablets are connected to existing POS systems. These multi-functional kiosks and tablets not only earn Cyber-Thingy™ residual revenues but create residual revenue opportunities for the multiple companies involved. Cyber-Thingy™ International division distributes sports book, gaming and lottery software to the international markets as well as its multi-functional kiosks and tablets.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
SOURCE Cyber Kiosk Solutions, Inc.