VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 1, 2016) - Carl Data Solutions Inc. (CSE:CRL)(FRANKFURT:7C5) (the "Company"), a developer of Big-Data-as-a-Service ("BDaaS")-based solutions for data integration and business intelligence, is pleased to announce that that on August 25, 2016 the Company granted incentive stock options.
Pursuant to the Company's Option Plan, Carl granted an aggregate of 615,247 stock options (the "Options") each exercisable into one common share of the Company (each, a "Share") at a price of $0.45 per Share to various employees and one officer exercisable until August 24, 2021. Of the 615,247 options, 147,247 options (the "Officer Options") were granted to Skanderbeg Financial Advisory Inc., a company with Kevin Ma, the Chief Financial Officer of Carl, as a director.
The Officer Options follow a vesting schedule whereby 50% of the options vest immediately, and an additional 25% vest on each of September 30, 2016 and December 31, 2016. The remaining 468,000 options follow a vesting schedule whereby 25% vest immediately upon grant, 25% vest one year after the grant date, a further 25% vest two years after the grant date and the remainder vests three years after the grant date.
About Carl Data Solutions Inc.
Carl Data Solutions Inc. is focused on providing next generation information collection, storage and analytics solutions for data centric companies. Building on its recent acquisitions, Flow Works Inc., a company that helps its clients analyze and understand all forms of environmental data through a powerful platform of data collection, monitoring, analysis and reporting tools and Extend to Social Media Inc., a company with an application that allows clients to leverage their customers' social networks for referral marketing and analytics, Carl develops applications to work with new cloud-based mass storage services and analytics tools (Big-Data-as-a-Service ("BDaaS")).
Carl is creating a virtually unlimited data storage environment from which informative visual representations of data can be created and new insight generated. Carl's goal is to deliver a comprehensive data management solution for datasets of any size and type from any source. More information can be found at www.CarlSolutions.com.
On behalf of the Board of Directors:
Greg Johnston, President, Chief Executive Officer, Director
Carl Data Solutions Inc.
The Canadian Securities Exchange (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.