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Subsequent Events
9 Months Ended 12 Months Ended
Sep. 30, 2013
Dec. 31, 2012
Subsequent Events [Abstract]    
Subsequent Events

 

Note 9: Subsequent Events

 

On September 26, 2013, pursuant to its May 22, 2013 investment agreement, the Company put up to $100,000 worth of shares to the Investor for a five business day period. On October 3, 2013, pursuant to that put, the Company issued 21,415 shares of the Company’s common stock to the Investor in exchange for $21,165 received from the Investor.

 

On October 3, 2013, pursuant to its May 22, 2013 investment agreement, the Company put up to $100,000 worth of shares to the Investor for a five business day period.  On October 11, 2013, pursuant to that put, the Company issued 6,000 shares of the Company’s common stock to the Investor in exchange for $5,750 received from the Investor.

 

On October 10, 2013, pursuant to its May 22, 2013 investment agreement, the Company put up to $100,000 worth of shares to the investor for a five business day period.  On October 18, 2013, pursuant to that put, the Company issued 10,487 shares of the Company’s common stock to the investor in exchange for $10,027 received from the investor.

 

On October 22, 2013, stockholders holding an 86.97% majority of the shares of voting securities outstanding and entitled to vote unanimously adopted and approved an increase in the number of shares of common stock available for issuance under the 2010 Stock Incentive Plan from 2,500,000 to 5,000,000.

 

 

Note 10: Subsequent Events

On January 9, 2013 the registrant entered into an asset purchase agreement (“Asset Purchase Agreement”) with Oktet Bilişim Danışmanlık Organizayon Reklamcılık Limited Şirketi, a Turkish corporation (“Octeth”). Pursuant the Asset Purchase Agreement, the registrant acquired from Octeth certain tangible assets, including servers and devices, intangible assets related to PreviewMyEmail.com, along with customer and co-location contracts, in exchange for $160,000 cash.

On March 4, 2013, the Company added an addendum to the professional services agreement made on October 18, 2012. Simultaneous with the execution of this agreement, the Company issued 18,868 shares of restricted common stock representing $25,000 worth of stock for services rendered during November and December of 2012. At December 31, 2012, the Company has an accrued liability of $25,000 related to this transaction. On March 4, 2013, the Company also issued 45,000 shares of restricted common stock representing payment for website construction in fiscal year 2013.

On March 5, 2013 Maksym Ilin was appointed as President, Principal Executive Officer and Vice President-Operations and Customer Service. Pursuant to a non-written agreement, Mr. Ilin will receive a base salary of $38,400 per year along with performance based bonuses. Previously, Mr. Ilin served as the Company’s Director of Customer Service.

On March 5, 2013, Ruslan Bondariev was appointed as Chief Technology Officer and Vice President – Research. Pursuant to a non-wrtiten agreement, Mr. Bondariev will receive a base salary of $36,000 per year along with performance based bonuses. Previously, Mr. Bondarev served as the Company’s Director of Research and Development.

On March 5, 2013, Alena Chuprakova was appointed as Comptroller, Treasurer and Principal Financial Officer. Pursuant to a non-written agreement, Ms. Chuprakova will receive a base salary of $50,000 per year, along with performance based bonuses.

On March 8, 2013, the Company paid quarterly dividends of $266, 072 to its stockholders.