CHARLOTTE, N.C., April 14 /PRNewswire-FirstCall/ -- BounceBack Technologies. (PINK SHEETS: BBTC), a global technology company specializing in business intelligence, today released an open letter to shareholders, customers, and employees announcing that the company is changing its name and expanding with innovative new services and expanded capabilities. Moving forward, the company will focus its efforts on acquiring and developing services that improve the way businesses promote and protect their identity online. This new direction is designed to strengthen BounceBack Technologies, renamed as Name Dynamics, Inc., and help shape the future growth of the company in demand markets such as online search, interactive marketing, and business identity security. The complete letter from CEO Doyal Bryant follows below:
Dear Shareholders, Customers, and Employees:
Welcome to your new and exciting company. As previously announced, BounceBackTechnologies.com, Inc. (BBTC) acquired all of the issued and outstanding stock of Name Dynamics, Inc., a private company. We intend to change the name of the company from BounceBackTechnologies.com, Inc. to Name Dynamics, Inc.
In the acquisition transaction, the principals and others associated with Name Dynamics, Inc. received approximately 18 million shares of BBTC common stock in exchange for all of the issued and outstanding common stock of Name Dynamics, Inc., and its subsidiary Universal Business Listings (UBL). As a result, the combined company has approximately 30 million shares outstanding, which is the maximum amount of shares authorized by the Articles of Incorporation of BounceBackTechnologies.com, Inc.
The combined company has an aggressive plan for the next three months, including a corporate restructuring and a shareholder meeting. The preliminary agenda for the shareholder meeting includes the following items: (1) change the state of incorporation from Minnesota to Delaware, (2) a reverse stock split, (3) approval of the combined company's new auditors, Habif, Arogeti & Wynne LLP, (4) producing audited financial statements, (5) amending the Articles of Incorporation to authorize additional common stock and (6) the proposal of an employee stock compensation plan. You will receive a formal notification regarding the shareholders meeting, including a chance to vote on the aforementioned agenda items.
Currently, the members of our Board of Directors are: Jack Pilger, Doyal Bryant, Chris Travers, David Jaques and Jerry Robinson. We intend to nominate three additional directors, all of whom will be independent and possess industry expertise. The current officers of the combined company are: Doyal Bryant, Chris Travers and David Jaques. We are also in the process of forming an Advisory Board made up of world-renowned Industry leaders.
The following paragraphs will provide a general description of the business of Name Dynamics, Inc.
Name Dynamics' Universal Business Listing service (UBL) has become a recognized component in the local business listings marketplace where it has guided individual companies and major interactive agencies with the submission, correction, and enhancement of their online business profiles. It is regularly quoted by experts as one of the top ten fundamentals of Local Search optimization.
Accurate and ubiquitous local business listing content is known in the marketing world as a foundation element of online promotion and customer acquisition. We believe that these new services will provide the Company with significant growth opportunities worldwide. The Company will champion the importance of having a central repository of business profiles from which businesses and their representatives can manage their identity in one place for an annual fee. UBL currently has thousands of corporations and agencies subscribing to have their information distributed to every major local search portal such as Google, Yahoo, Bing, Local.com , City Search, SuperPages, and Yellow Pages.com. It complements that distribution by submitting to hundreds of internet yellow page sites, social networks, search directories, GPS Navigation devices, and to text, wireline, and mobile 411.
The Universal Business listing service (www.UBL.org) is the starting block for a larger strategy for monitoring, enhancing and protecting business identity and reputation. Today it offers one of the largest capabilities for a business to list not just its basic name, address and phone number, but also critical details like hours of operation, and description that help raise the visibility of businesses online, and the Company will continue to lead the field with the largest profile available to the online local content publishers and data providers.
Name Dynamics recently opened new Headquarters in Charlotte, NC and has engaged industry experts in the United Kingdom and Canada with a view to its global expansion. The Company's executives will be making prominent appearances at industry conferences over the balance of the year and will make announcements about its additional offerings. The strategic direction of these valued services will provide Name Dynamics with the opportunity to shift its focus and tap into high growth market segments.
While our revenues are indicative of our early stage company, we are establishing a pipeline which should hopefully grow these revenues at a pace pleasing to our shareholders. The Company has shown steady revenue and customer growth over the past 18 months. It currently has over 200 Agencies and Affiliates referring customers to UBL.
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About Name Dynamics, Inc.
Headquartered in Charlotte, North Carolina, Name Dynamics Inc, creates products that 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 Universal Business Listing has been recognized as one of the key tools for local search visibility. For more information, please visit us on the Web at www.NameDynamic.com or by calling 704-208-4040.
This news release may contain forward-looking statements. Forward-looking statements are indicated by words such as "expects," "intends," "anticipates," "believes" and similar expressions. Our ability to achieve the results anticipated in such forward-looking statements is subject to risks and uncertainties, including, without limitation, our ability to successfully centralize and consolidate various support functions, in addition to general economic conditions, operating results, market acceptance of our solutions and other risks detailed from time to time in our reports filed with the Securities and Exchange Commission. These forward-looking statements are made in accordance with "safe harbor" provided by the Private Securities Litigation Reform Act of 1995 and no assurance can be given that the future results that are the subject of such forward-looking statements will be achieved. The Company undertakes no obligation to publicly update or revise the forward-looking statements, whether as a result of new information, future events, or otherwise.
SOURCE BounceBack Technologies.com