CALGARY, ALBERTA--(Marketwire - March 28, 2013) -
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA
Mr. John Sculley of Palm Beach, Florida announces that he has acquired ownership or control, directly or indirectly, over 10,873,750 common shares ("Common Shares") (TSX VENTURE:PTG) in the capital of Pivot Technology Solutions, Inc. (the "Corporation" or "Pivot") upon the exchange of 10,873,750 common shares of Pivot Acquisition Corp. in connection with the completion of the Corporation's TSX Venture Exchange qualifying transaction (the "Qualifying Transaction").
Mr. Sculley now beneficially owns, controls or has direction over, directly or indirectly, an aggregate of 10,873,750 Common Shares, representing 16.61% of the Corporation's outstanding Common. All of the Common Shares which Mr. Sculley has control over are held by the John Sculley Revocable Trust which Mr. Sculley has control or direction over.
Mr. Sculley acquired the Common Shares pursuant to the share exchange conducted in connection with the Corporation's Qualifying Transaction for investment purposes and may, depending on market and other conditions, increase or decrease his beneficial ownership, control or direction over Common Shares, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.
Mr. Sculley became a director of Pivot on March 25, 2013 following the completion of the Corporation's Qualifying Transaction. All Common Share amounts contained in this news release are calculated post-completion of the Corporation's 8 for 1 consolidation of its Common Shares, which was approved by the Corporation's shareholders at the Corporation's last annual and special meeting of shareholders.
For further information or to obtain a copy of the early warning report regarding the information contained in this news release, please contact John Sculley at (561) 451-6093.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.