Dynasty Limousine, Inc. Completes Acquisition Of Cyber-Thingy, Inc.
CORAL SPRINGS, Fla., Dec. 3, 2012 /PRNewswire/ -- Dynasty Limousine, Inc. (PinkSheets: DNYS) is pleased to announce the Company has completed an acquisition of Cyber-Thingy, Inc., a custom kiosk and tablet distribution company offering numerous online transaction and fee based financial products within a proprietary software platform. Cyber-Thingy's diverse online product offerings, places the company in a few explosive industries that have a combined global industry revenue of over 250 billion dollars.
DNYS issued Cyber-Thingy 100 million shares of restricted Common stock as part of a share exchange, Cyber-Thingy has agreed NOT to effect any reverse splits on the Common stock of DNYS for at least One (1) year.
The share structure of the Company's Common Stock currently is 114,539,275 issued and outstanding, 2,946,272 in the float, and 111,593,003 restricted shares of stock. DNYS entered into an agreement with the largest free trading shareholder who controls approximately 600,000 shares of free trading Common stock. The agreement was executed to restrict their sales of DNYS to 10,000 shares per day for 90 days following the closing. The amount may increase to 20,000 shares per day should the volume reach 500,000 shares for 5 consecutive trading days.
DNYS has divested itself of Dynasty Holdings, LLC, the company created to hold the Assets and Liabilities from the Limousine operations. Currently DNYS has no long term or short term loans or notes. The Company carries NO convertible debt and has NO intentions of engaging in that type of transaction.
As part of the transaction the Flemings have given the Company all the assistance needed to create a due diligence package from the beginning of the Company and Pierce Fleming has agreed to assist the Company in getting its financials audited. Cyber-Thingy has agreed to use its best efforts to change the name of the Company and obtain a new ticker so it can release the name "Dynasty Limousine" back to the Flemings.
About Cyber-Thingy, Inc.
Cyber-Thingy, Inc. provides attractive internet based, multi-functional kiosks and tablets for the Domestic and International markets. There are various types of branded kiosks to choose from; free standing kiosk, counter top kiosk and wall mounted kiosk. Each kiosk comes with a digital advertising screen and a main screen that can be customized with any number of transaction or fee based programs to fit its revenue generating and demographic requirements.
The Cyber-Thingy business model is adaptable and really very simple. The Company 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 streams of revenue comes from several transaction and fee based programs running within the kiosks such as; Digital Advertising, Mobile Phone Top-up minutes(reload), Online Bill Pay, Sweepstakes Games, Events-Sports-Movie Tickets, Gift Card Programs, Prepaid Cards, Digital Lottery and New Product Launch (ALL with immediate purchasing options). 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, Inc. residual revenues but create residual revenue opportunities for several companies involved.
The target market for placement of the Cyber-Thingy kiosks and tablets is wide open due to the large number of residual revenue generating programs offered. Ideal placement locations are: supermarkets, gas stations, truck stops, convenience stores, business centers, malls, movie theatres, colleges, airports, banks, check cashing stores, restaurants, bars, internet cafes, sweepstakes rooms, private clubs, hotels and stadiums. Cyber-Thingy's kiosks and tablets along with our proprietary advertising and multi-function program software are the perfect solution for generating additional revenue for any business that has a large concentration of customers. Cyber-Thingy, Inc.'s strategic business relationships and new public presence will help the company grow its international reach into many countries.
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 Dynasty Limousine, Inc.