| Home : June 11 2011 Computer News : SupportSave Announces the Retiring of 7 Million Shares and Termination of Anti-Dilution Provisions |
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SupportSave Announces the Retiring of 7 Million Shares and Termination of Anti-Dilution Provisions |
June 11, 2011
LOS ANGELES, CA and CEBU CITY, PHILIPPINES--(Marketwire - Jun 10, 2011) - SupportSave Solutions, Inc. (OTCBB: SSVE) is pleased to announce it has completed the final phase of its 2011 restructuring that will allow the company to further refine a business model that has made it a cost efficiency leader in the competitive field of offshore outsourcing services. Founded in 2007 by current President & CEO Christopher Johns and outgoing CEO Aina Dumlao, the company announced an agreement to purchase and retire 6,835,425 shares from Dumlao, at a price of $0.07 per share. Ms. Dumlao, who will retain 1,132,000 shares, is leaving SupportSave in pursuit of other personal and business ventures. "While I am excited by the company's direction," said Dumlao, "I am equally excited to face new challenges ahead. The SupportSave team will always feel like family to me."
Link: http://www.marketwire.com/mw/release.do?id=1525557&sourceType=3
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