SOURCE: ForceLogix

ForceLogix

July 13, 2010 14:31 ET

ForceLogix Technologies Inc. Announces Issuance of Common Shares Upon Conversion of Special Warrants

CHICAGO, IL--(Marketwire - July 13, 2010) -  ForceLogix Technologies Inc. (TSX-V: FLT) www.ForceLogix.com (the "Company") announced today that effective July 12, 2010, 705,850 common shares were issued upon conversion of certain special warrants originally issued to holders at the closing of the Company's Qualifying Transaction on November 30, 2009, of which 365,634 common shares were issued to an Insider (as that term is defined in Exchange Policy 1.1). Following issuance of said common shares, the Company has 60,862,399 common shares and 22,892,276 non-exercised special warrants outstanding. 

About ForceLogix

ForceLogix was created to meet the needs of companies who wish to optimize and increase the effectiveness of their sales force. ForceLogix provides the most affordable software as a service solution allowing companies to improve their business performance through the use of more effective sales performance programs. ForceLogix enables companies to easily and affordably design, implement, manage, audit and communicate sales performance programs. By providing more effective plans and better visibility, these companies can dramatically improve sales performance.

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 or accuracy of this release.

Contact Information

  • For further information please contact:
    Mr. Patrick Stakenas
    President and Chief Executive Officer
    ForceLogix Technologies Inc.
    (847) 281-9307