WOBURN, MA / ACCESSWIRE / July 14 , 2016 / S.P.O. GLOBAL Inc. ("OTC trading symbol "SPOM"), an emerging technology company is pleased to announce that it has signed with Blackridge Capital a financial facility investment subject to a SEC approved offering on Form 1-A under Regulation A of the Securities Act of 1933 that will enable the company to grow through acquisition and customer growth.
Blackridge Capital LLC is a NY leading alternative investment fund focused on high growth investments in small to mid-cap companies. Blackridge Capital is founded with a vision to forge long lasting relationships to help companies accelerate growth. For More Information visit: www.bbridgecapital.com
Owen Dukes, CEO of S.P.O. Global Inc., commented, "We are very pleased to announce that SPO Global has signed an important financing deal with a leading alternative investment fund that will propel us to the next step in growing our business substantially ".
This investment is subject to approval by the SEC. The investment by Blackridge Capital LLC will be a based upon a fixed floor price rather that a toxic discount to market price. The initial investment facility is for $500,000 with a possible further $1,500,000 subject to the conditions the business.
Owen Dukes, CEO of S.P.O. Global Inc further commented, "We are in the process of negotiating a significant acquisition that will accelerate our business and subject to this transaction being completed we will be looking to become a fully reporting SEC company with the intention of uplisting as soon as possible".
As part of this financing transaction the company has increased its authorized to issue 750,000,000 shares of which 748,000,000 are shares of Common Stock , par value $0.01 , and 2,000,000 shares are Preferred Stock par value $0.01.
About S.P.O. Global Inc.
S.P.O. (SOFTWARE PERFORMANCE OPTIMIZATION) GLOBAL INC, is an emerging technology company that is focused on selling its unique performance testing optimization and monitoring software IP for all enterprise applications. The focus of SPO is to build the company into a major player in this exciting billion dollar market.
SPO Global recently purchased the technology company Reflective Solutions Ltd that sells its unique IP software to major enterprises in North America and Europe.
The principle software products of Reflective Solutions is "Stress Tester" a robust Performance Stress testing solution for large enterprise applications and its new product "Sentinel" that is providing enterprise customers an intelligent monitoring solution 24 / 7 software as a service ( SAS).