CORAL SPRINGS, Fla., Feb. 12, 2014 /PRNewswire/ -- Cyber Kiosk Solutions, Inc. (OTC Pink: CYBK) has completed a private placement investment from Irwin "Izzy" Zalcberg, a well-known Small Cap investor with a large rolodex of connections in the upper echelon of the corporate world. The Company has already received the first round of investment from Izzy who took time from his vacation overseas to complete the transaction. The total investment commitment from Mr. Zalcberg to CYBK is just over $1 million. Izzy has verbally committed additional funds if the Company has the need.
Cyber Kiosk Solutions CEO Chris Clarke states, "Mr. Zalcberg obviously recognized the unique opportunity and value that our age/ID verification and fraud prevention software provides for the legalized marijuana industry and has immediately taken action to support CYBK. Our due diligence has shown that Izzy is a successful small cap investor with a superior vision when it comes to business. We are excited to have him on the team and look forward to his assistance in our rapid expansion for all our verticals of business."
Irwin "Izzy" Zalcberg comments, "I made the investment in CYBK because they are unique for their age/ID verification and fraud prevention software system. Every company in this new emerging industry, in order to stay competitive, will need this verification system. This Company is like Apple in its technological development and advancement. It is, in my opinion, going to be a huge winner in terms of increasing shareholder value."
Other Company news:
The Company expects to announce next week, a key addition to the age/ID verification and fraud prevention software that will strongly position CYBK in the most important area of the legalized marijuana industry.
The Company's Chief Operating Officer, Oren Manelis, will be traveling next week to New York and has several meetings with companies that CYBK has been in discussions with for the following business verticals; merchandising, legalized marijuana dispensaries, digital advertising. Updates are expected to be released upon his return.
CYBK expects to release next week, on the Company's Facebook Page, new Professional Athlete images for its merchandising business vertical with Fanlime.
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.