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Share Name | Share Symbol | Market | Type |
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Xrm Global | TSXV:XRM | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES On January 18, 2010, xRM Global Inc. ("xRM Global") (TSX VENTURE:XRM), which has developed and operates the world's first on-demand, relationship management utility (the "xRM Utility"), announced a proposed non-brokered private placement wherein xRM Global will sell up to 4,615,385 units (the "Units") at $0.65 per Unit for gross proceeds of up to $3,000,000, with each Unit consisting of one common share of xRM Global and one common share purchase warrant exercisable, subject to adjustment in accordance with its terms, for 12 months at $0.80 per share. As of March 18, 2010, an aggregate of 1,629,230 Units have been sold for gross proceeds of $1,058,999. The TSX Venture Exchange has agreed to extend the previously granted price protection for the Offering of $0.65 per Unit until April 12, 2010, at which time the price protection will lapse. The Offering has been structured to provide for multiple closings. Management continues to pursue the completion of the Offering. About xRM Global Inc. xRM Global empowers people within the enterprise to achieve "High-touch, High-trust" interactions, dramatically improving overall financial performance and building highly interactive social networks. This relationship centric automation is performed on xRM Global's On-Demand Enterprise 2.0 Relationship Management Utility, the xRM Utility. The xRM Utility captures the best and most innovative practices of each industry and deploys them on a global basis enabling the transformation of an entire enterprise from a "Command & Control" structure to a "High-touch, High-trust" culture. People now have the freedom to focus on building and managing relationships, both internally and externally, which are integral to the success of the enterprise. The best practices, which are developed globally and are published in the Best Practices Marketplace within the xRM Utility, allow our customers to rapidly deploy new products and services locally and internationally without the large expense of systems discovery and development. Best practices are developed for internal and external relationship management as well as for the entire enterprise within industry verticals such as insurance, wealth management, and telecom. Forward-looking statements This news release includes certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed in such forward-looking statements. Forward-looking statements in this news release include, but are not limited to, economic performance and future plans and objectives of xRM Global. Any number of important factors could cause actual results to differ materially from these forward-looking statements. Although xRM Global believes that the assumptions and factors used in making these forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that any such events will occur in the disclosed timeframes or at all. xRM Global disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
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