SOURCE: CryptoSign, Inc.

December 03, 2015 18:51 ET

CryptoSign Announces Completion Of NABUfit Global Purchase

OREM, UT--(Marketwired - Dec 3, 2015) - On October 8, 2015, CryptoSign Inc. (OTCQB: CPSN) entered into an Agreement and Plan of Share Exchange (Exchange Agreement) pursuant to which CryptoSign agreed to acquire 100% of NABUfit Global ApS, a Danish company (NABUfit) in exchange for 15,500,000 shares of its common stock. The closing of the share exchange was conditioned upon the completion of due diligence by CryptoSign and the preparation and completion of a current report on Form 8k to be filed with the Securities and Exchange Commission.

On November 30, 2015, CryptoSign completed its due diligence and the parties closed the Exchange Agreement. Pursuant to the terms of the Exchange Agreement, NABUfit became a wholly owned subsidiary of CryptoSign and the former shareholders of NABUfit received 15,500,000 of CryptoSign common shares. 

In connection with the closing of the share exchange, Brian Palm Svaneeng Mertz resigned as CryptoSign's Chief Executive Officer and a member of the board of directors and the board of directors appointed Ulrik Moll as CryptoSign's new Chief Executive Officer. In addition, Mads Frederiksen, Morton Albaek and Morton Krarup were appointed as members of the board of directors and join current directors Soren Jonassen and Ole Sigetty.

CryptoSign Inc. will change its name to NABUfit Global Inc. effective on December 10th 2015.

Please refer to the Current Report on Form 8k filed with the Securities and Exchange Commission on December 3, 2015 for more information about the transaction.

About CryptoSign Inc.
CryptoSign ( is a US smaller reporting public company that has most recently focused on finding and vetting opportunities that will preserve and increase its present value.

About NABUfit Global
NABUfit is a Danish company that is developing a state-of-the-art online fitness platform and mobile app with the option of connecting existing and future monitoring devices (wearables etc.) to the platform and application. NABUfit features input from world-class sport stars on its on-line portal. The product is designed to integrate with the Microsoft X-Box Kinect, which records and measures training performance. This monitoring allows feedback to the user and provides an improved user experience as well as motivation for improving personal performance. 

Forward-Looking Statements
Statements about the expected timing, and all other statements in this press release, other than historical facts, constitute forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements speak only as of the date hereof and are based on current expectations and involve a number of assumptions, risks and uncertainties that could cause actual results to differ materially from those projected. A number of the matters discussed herein that are not historical or current facts deal with potential future circumstances and developments which may or may not materialize. This press release speaks only as of its date, and except as required by law, we disclaim any duty to update the information herein.

Contact Information