QualityStocks News - Cleartronic (CLRI) Increases Shareholder Value with Cancellation of Shares, Engages PR and Marketing Firm

QualityStocks would like to highlight Cleartronic, Inc. (OTCQB: CLRI), a technology holding company that creates and acquires operating subsidiaries to develop, manufacture, and sell products, services, and integrated systems to government agencies and business enterprises. VoiceInterop, Inc., a wholly owned subsidiary, is a provider of patented IP communication gateways and communication software. Its gateways are marketed worldwide direct to customers as well as through a network of value added resellers. A recent license agreement provides Cleartronic with the right to market Collabria LLC’s revolutionary ReadyOp™ command, control, and communication platform.

In the company’s news,

Cleartronic reported the signing of a new employment agreement with its CEO, Larry Reid. As part of the agreement, Mr. Reid agreed to cancel two billion of his common shares.

“These shares were issued several years ago to protect the Company against an adverse takeover. Mr. Reid has received a new employment contract and other consideration for the share reduction. The reduction does not involve any other shareholder nor reduces the number of shares of any other shareholder,” stated Richard Lackey, a member of the Company’s Board of Directors. “The share reduction is effective today, along with the signing of Mr. Reid’s new employment agreement.”

“This share reduction is part of the Company’s ‘Capitalization Benefit Plan’ announced last October. We are committed to improving the capital structure of the Company and enhancing shareholder value. The share reduction, coupled with our new marketing agreement with Collabria, puts the Company in an excellent position to reward our shareholders,” commented Larry Reid, Cleartronic’s Chief Executive Officer.

“This share reduction was one of the contingencies of our partnering agreement announced last month with Cleartronic,” added Marc Moore, CEO of Collabria LLC and a member of Cleartronic’s Board of Directors. “The reduction will benefit the Cleartronic shareholders and provide potential for more significant share value increases as we increase our marketing efforts through Cleartronic and the new ReadyOp Communications, Inc. subsidiary.”

Cleartronic also announced American Media Group, Inc., a public relations and marketing firm will assist the Company in advertising, broadcasting, and developing its marketing strategies for its ReadyOp™ platform.

“We are pleased to be a part of a Company that has a product that can bridge the gap between first responders, agencies and business alike in times of emergency situations. ReadyOp keeps these groups in touch. ReadyOp users cut down response time and share information instantaneously within their own group as well as with other agencies. Bottom line — ReadyOp saves lives,” said Mick Bazsuly, President of American Media Group, Inc., “As a newscaster and broadcaster for over 20 years, I know firsthand how hard it is for police, firefighters and other first responders to communicate during emergencies. ReadyOp eliminates those gaps and is a powerful information sharing tool,” Bazsuly added.

American Media Group, Inc. and its founder have been a force in broadcasting sports, news and talk radio since 1998.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.