Cleartronic announced it has completed a varied strategy to boost its share capitalization and expand the membership of its board of directors.
After talks with its majority shareholders and prospective investors, Cleartronic’s management developed a capital structure plan aimed at providing long-term benefits to the company and its shareholders. These discussions were also deemed instrumental in establishing a plan to expand the board of directors.
Cleartronic Chief Executive Officer Larry Reid commented, “We are positioned to implement this strategy to take advantage of our share capital and other corporate tools that we think will strengthen our company, attract possible acquisition candidates and investors, and potentially provide long-term benefits for our shareholders. We had considered expanding our board of directors for some time and the recent licensing agreement for the ReadyOp™ software made us accelerate the process. We have begun discussing our plans with prospective board members and expect to announce new directors in the next few weeks.”
Cleartronic is a technology company focused on creating and acquiring operating subsidiaries to develop, manufacture, and sell products, services, and integrated systems. Its solutions serve markets ranging from business enterprises to consumer products and services. Its primary mission is to leverage its underlying intellectual property to create new, high-growth market applications and develop consumer products targeting large domestic and global markets.
The company’s wholly-owned subsidiary, VoiceInterop, Inc., is provider of end-to-end, unified communications systems and solutions. Its AudioMate Gateway line of products along with other hardware and software, offers interoperability by capturing the data management power of Voice over Internet Protocol (VoIP) and other open communications standards. VoiceInterop solutions enable its customers to link a wide variety of otherwise incompatible communications devices and networks such as two-way radios, PDAs, cellular phones, and tablet PC devices into an integrated communication system.
VoiceInterop’s systems are integrated into commercial enterprises and emergency services applications, educational institutions and mission-critical airport communication systems. Expanding upon its technology footprint, Cleartronic researchers are exploring new opportunities in the machine-to-machine market, cloud communications products and services, and “smart grid” applications.
For more information on the company visit www.Cleartronic.com
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