MELBOURNE, Fla., May 7, 2015 /PRNewswire/ -- On May 5, 2015, New York-based BizToolz Networks, Inc., acquired all of Dynamic Bear's issued and outstanding common stock from JTW Vantage Group Inc., a Florida-based enterprise. JTW Vantage Group, however, is still maintaining a significant equity position in the company by keeping all of its non-voting Series A Preferred Stock.
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James Timothy White, the owner of JTW Vantage Group Inc. said that "when we were approached by BizToolz Networks about the possibility of selling, I was curious to hear their proposal. After listening to the offer, I knew it was the right deal for all of Dynamic Bear's shareholders including the non-voting Series A Preferred stockholders; under the terms of the deal, we turned over full control of the company to the buyer—we are all very excited to see the plan Jim Adams, CEO of BizToolz Networks has come up with come to fruition."
According to J.P. Fernandes, Esq., the attorney who managed the transaction, on May 8, 2015, the current President, CEO and Director James Timothy White will resign all of his positions in the company and contemporaneously Jim Adams will be appointed President, CEO and Director of Dynamic Bear Inc. and assume running the operations of the company. "I was very excited to work with Jim Adams to complete a transaction which will benefit all of us," Fernandes stated.
About Dynamic Bear, Inc.
Dynamic Bear Inc. is a capital investment company. Business operations include working with its shareholders to buy and sell other companies, assets, and participate in joint ventures through equity or debt deals in various opportunities around the globe.
About BizToolz Networks, Inc.
BizToolz Networks Inc. is a privately-owned New York-based holding company that focuses on providing corporate infrastructure services to entrepreneurs. It has operating subsidiaries and investments in the United States and Canada serving businesses from all over the world.
For More Information Contact:
Jim Adams
BizToolz Networks, Inc.
635 16th Street
Niagara Falls, NY, 14301
1-855-367-6669
Email
SOURCE Dynamic Bear, Inc.
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