CARLSBAD, CA, May 14, 2013 /CNW/ - Pivot Technology Solutions, Inc. ("Pivot" or the "Company") (TSX-V: PTG) is pleased to announce that it has retained Byron Capital Markets Ltd. ("Byron") to provide market-making services in accordance with TSX Venture Exchange ("TSX.V") policies. Byron will trade shares of the Company on the TSX.V for the purposes of maintaining an orderly market and improving the liquidity of the Company's shares.
Under the terms of the agreement (the "Agreement"), with an effective date of May 1, 2013, Byron will receive compensation of $5,000 per month. Byron will not receive shares or options as compensation. However, Byron and its clients may have or may acquire a direct interest in the securities of the Company. Pivot and Byron are unrelated and unaffiliated entities; Byron is a member of the Investment Industry Regulatory Organization of Canada ("IIROC") and is a member of all Canadian Stock Exchanges and Alternative Trading Systems. One of the Company's directors is an employee of Byron. The capital and securities required for any trade undertaken by Byron as principal will be provided by Byron.
The Agreement is for an open-ended term of at least three months and may be terminated thereafter on 30 days' notice.
About Pivot Technology Solutions, Inc.
Together with its portfolio companies and partners, Pivot delivers solutions that enable organizations to design, build, implement and maintain computing and communication infrastructure that addresses their unique business needs. Pivot's approach supports improvement of business performance, helps organizations reduce capital and operating expenses, and accelerates the delivery of new products and services to end-customers. With over 2,000 clients, many of whom are Fortune 1,000 companies, Pivot extends its value added solutions to help organizations of all sizes improve operating efficiency, reduce complexity and enhance service delivery through virtualization and cloud computing. Pivot enables businesses to extend their enterprise through mobility solutions to better connect business partners and customers. Pivot has offices throughout North America and can be found online at www.pivotts.com.
About Byron Capital Markets Ltd.
Byron Capital Markets Ltd.'s current operations were founded in 2009 by a group of experiences entrepreneurs looking to build an innovative, intellectually-driven and independent investment dealer focused on providing an unparalleled level of service to institutional investors and to corporate clients throughout the lifecycle of their businesses. Today, Byron serves clients in Canada and from around the world from its offices in Toronto and Montreal.
The Byron team brings a unique set of skills, insights and experience to numerous sectors of the global economy including metals and mining, oil and gas, alternative energy, technology, healthcare, life sciences and special situations. More information can be found at www.byroncapitalmarkets.com.
Forward Looking Statement
This news release contains statements that, to the extent they are not recitations of historical fact, may constitute "forward-looking statements" within the meaning of applicable Canadian securities laws. Forward-looking statements may include financial and other projections, as well as statements regarding Pivot Technology Solutions, Inc.'s (Pivot) future plans, objectives or economic performance, or the assumptions underlying any of the foregoing. Pivot uses words such as "may", "would", "could", "will", "likely", "expect", "anticipate", "believe", "intend", "plan", "forecast", "project", "estimate" and similar expressions to identify forward-looking statements. Any such forward-looking statements are based on assumptions and analyses made by Pivot in light of its experience and its perception of historical trends, current conditions and expected future developments, including the assumption that Pivot will achieve sustainable profitable growth, as well as other factors Pivot believes are appropriate under the relevant circumstances. However, whether actual results and developments will conform to Pivot's expectations and predictions is subject to any number of risks, assumptions and uncertainties. Many factors could cause Pivot's actual results, historical financial statements, or future events to differ materially from those expressed or implied by the forward-looking statements contained in this news release. These factors include, without limitation: uncertainty in the global economic environment; fluctuations in currency exchange rates; delays in the purchasing decisions of Pivot's customers; the competition Pivot faces in its industry and/or marketplace; and the possibility of technical, logistical or planning issues in connection with the deployment of Pivot's products or services.
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.
SOURCE: Pivot Technology Solutions, Inc.
For further information: