SPYR, Inc. Enters Into Settlement Canceling 36,272,684 Common Shares
SPYR, Inc. Enters Into Settlement Canceling 36,272,684 Common Shares
About GeoTraqTHE WOODLANDS, Texas, Dec. 20, 2022 (GLOBE NEWSWIRE) -- SPYR, INC. (OTCQB: SPYR), a diversified technology company developing products leveraging the Internet of Things (IoT) for consumer use and large-scale applications and industries, today announced its entry into a settlement agreement and release with Berkshire Capital Management Co., Inc. and Joseph Fiore resulting in the cancelation of a total of 36,272,684 common shares.
得克薩斯州伍德蘭，2022年12月20日(環球通訊社)--SPYR，Inc.場外交易市場代碼：SPYR)是一家多元化的技術公司，開發利用物聯網(IoT)的產品，用於消費者使用和大規模應用和工業。今天，該公司宣佈與伯克希爾資本管理公司和Joseph Fiore達成和解協定，併發布協定，導致總計36,272,684股普通股被註銷。
Berkshire agreed to cancel 33,831,508 common shares and Fiore agreed to cancel 2,441,176 in exchange for a release of claims of outstanding legal claims between the parties.
伯克希爾同意取消33,831,508股普通股，菲奧雷同意取消2,441,176股，以換取釋放雙方之間未決法律索賠的索賠。
"I am pleased to report the cancelation of these shares representing over 10% of our current issued and outstanding shares," stated, Timothy Matula, Chief Executive Officer, SPYR, Inc. "The Company entered into this agreement to resolve outstanding legal claims between it and Berkshire and Fiore. I am glad to have resolved the Company's claims in an informal matter that terminates Berkshire and Fiore's beneficial ownership in these shares, and returns them to treasury."
SPYR公司首席執行官蒂莫西·馬圖拉表示：“我很高興地報告，這些股票被註銷，相當於我們目前已發行和已發行股票的10%以上。”公司簽訂這項協定是為了解決它與伯克希爾和菲奧雷之間尚未解決的法律索賠問題。我很高興在一次非正式事件中解決了公司的索賠問題，終止了伯克希爾和菲奧雷對這些股票的實益所有權，並將這些股票返還給財政部。
About GeoTraq
GeoTraq is a Mobile IoT module manufacturer and connectivity provider. GeoTraq offers asset tracking and remote monitoring through Mobile IoT modules with global connectivity. GeoTraq Mobile IoT modules report location data with the ability to measure variables from external sensors, such as temperature, flow, pressure, humidity, motion, acceleration and more. The modules transmit data for scheduled reports or trigger-based event alerts. GeoTraq technology is designed to streamline business processes and increase operational efficiency to drive ROI and solve real business challenges. Visit GeoTraq online at .
關於GeoTraq
GeoTraq是一家移動物聯網模塊製造商和連接提供商。GeoTraq通過具有全球連接性的移動物聯網模塊提供資產跟蹤和遠端監控。GeoTraq移動物聯網模塊報告位置數據，能夠測量來自外部感測器的變量，如溫度、流量、壓力、濕度、運動、加速度等。這些模塊傳輸計劃報告或基於觸發器的事件警報的數據。GeoTraq技術旨在簡化業務流程和提高運營效率，以提高ROI和解決真正的業務挑戰。訪問GeoTraq Online：。
About SPYR Technologies
SPYR Technologies (SPYR) is a technology company focused on IoT, or the Internet of Things. Through its subsidiary GeoTraq business, SPYR develops and manufactures fully self-contained, ultra-small Mobile mobile IoT (Internet of Things) modules: Trackertracker-M modules for asset tracking and location-based services, and Sensorsensor-M modules used for remote monitoring. SPYR continues to identify and target acquisitions that will grow its footprint in the industry and expand the products it offers consumers, including companies developing artificial intelligence (AI) and smart technology products.
關於SPYR技術
SPYR Technologies(SPYR)是一家專注於物聯網的科技公司。通過其子公司GeoTraq業務，SPYR開發和製造完全獨立的超小型移動移動物聯網(物聯網)模塊：用於資產跟蹤和基於位置的服務的TrackerTracker-M模塊，以及用於遠端監控的SensorSensor-M模塊。SPYR繼續確定和瞄準收購目標，這些收購將擴大其在該行業的足跡，並擴大其向消費者提供的產品，包括開發人工智慧(AI)和智慧技術產品的公司。
Forward-Looking Statements
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs and any other statements that are not historical facts. Forward-looking statements are based on management's current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock price. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.
Company Contact Info:
前瞻性陳述
本新聞稿可能包含1933年證券法第27A節和1934年證券交易法第21E節所指的“前瞻性陳述”。此類陳述包括但不限於與我們的增長戰略和產品開發計劃有關的任何陳述，以及任何其他非歷史事實的陳述。前瞻性陳述基於管理層目前的預期，會受到風險和不確定性的影響，這些風險和不確定性可能會對我們的業務、經營業績、財務狀況和股票價格產生負面影響。除法律要求外，我們明確不承擔任何義務或承諾公開發布對本文中包含的任何前瞻性陳述的任何更新或修訂，以反映我們預期的任何變化或任何此類陳述所基於的事件、條件或情況的任何變化。
公司聯繫資訊：
SPYR Inc.
6700 Woodlands Parkway, Ste 230 #331
The Woodlands, TX 77382
Email: tmatula@spyr.com
SPYR Inc.
林地公園大道6700號，街230#331
The Woodland，德克薩斯州77382
電子郵件：tmatula@spyr.com
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