The Letter Agreement dated September 26, 2011, between GlobeTrac, David Bernard and Michael Avatar was terminated by Mr. Bernard and Mr. ....." />
Company News: Page (1) of 1 - 01/24/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook

GlobeTrac Inc.: Letter Agreement Terminated

(January 24, 2012)

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/24/12 -- GlobeTrac Inc. (OTCBB:GBTR) ("GlobeTrac") announces that the potential merger between GlobeTrac and Equities.com, Inc. has been terminated.

The Letter Agreement dated September 26, 2011, between GlobeTrac, David Bernard and Michael Avatar was terminated by Mr. Bernard and Mr. Avatar. On January 23, 2012, Mr. Bernard and Mr. Avatar advised GlobeTrac that they decided to terminate the Letter Agreement as a result of failing to secure the requiste third-party financing for the proposed share purchase.

Safe Harbor Notice

Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). GlobeTrac Inc. cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of Management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by Management. Actual results could differ materially from current projections or implied results. GlobeTrac Inc. undertakes no obligation to revise these statements following the date of this news release.


Contacts:
GlobeTrac Inc.
John da Costa
President
info@globetrac.com


Copyright @ Marketwire

Page: 1


Related Keywords: GlobeTrac Inc. , Marketwire, Inc., ,

HOT THREADS on DMN Forums
Content-type: text/html  Rss  Add to Google Reader or
Homepage    Add to My AOL  Add to Excite MIX  Subscribe in
NewsGator Online 
Real-Time - what users are saying - Right Now!

Our Privacy Policy --- @ Copyright, 2015 Digital Media Online, All Rights Reserved