Mr. Andrew Bentley reports
PIVOT TECHNOLOGY SOLUTIONS POSTPONES FORMALIZATION OF EXCHANGE OFFER
Pivot Technology Solutions Inc., further to
its press release of Dec. 20, 2013, has
decided that the company will postpone formalization of its exchange
offer to holders of Series A preferred shares on terms previously
announced.
Pivot believes that the current offer does not carry sufficient support
to commence with the formal process. The company does not currently
intend to initiate the conversion of the Series A preferred shares into
common shares in the absence of the launch of some form of exchange
offer or other change to its preferred share structure. The company
will update investors if a decision is made to propose changes to its
preferred share structure or to initiate the conversion of Series A
preferred shares into common shares.
We seek Safe Harbor.
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