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by Stockwatch Business Reporter
The TSX Venture Exchange fell 13.11 points to 1,010.88 Tuesday, the largest decline in one day since July 15, and an unpleasant start to September. Kim Oishi's halted capital pool shell, KCO Capital Inc. (KCO), has completed a filing statement that details its plan to acquire 3 Tier Logic Inc. as its qualifying transaction.
KCO Capital will issue 36 million shares to the shareholders of 3 Tier Logic and then change its name to 3TL Technologies Corp. with the ticker symbol TTM. The target has developed advertising software called Platform-cubed that it claims provides its clients with more and better information about its customers. It launched the new product earlier this year. Clients, which include the Calgary Flames and MGM Resorts International, pay a monthly minimum of $4,200 and up to $200,000, depending on their requirements. In the first quarter ended March 31, 2014, 3 Tier Logic lost $443,769 on revenue of $79,000.
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