Cross Click Media Inc (OTCMKTS:XCLK) announced that it will divest Co-Signer.com, Inc. to the company’s shareholders. The decision, which has received the board’s approval, is intended to realign the brand and its management in order to shift focus on the capitalization and growth opportunities within the financial and real estate sectors.
The significance
Cross Click appreciates and acknowledges the long-term support of the creditors and shareholders. The firm had a leading business model to offer residential rent guarantees in the U.S. The company’s board considered several offers and possibilities of growth in the past few months. After thorough analysis and consideration, they approached the divestiture decision.
The rewards
Cross Click Media Inc (OTCMKTS:XCLK) will reward its loyal creditors and shareholders by issuing a stock dividend as of a date to be decided by FINRA. The company has begun to pursue a new business model for marketing and media. It stated that Cross Click is delighted to resolve the future of Co-Signer.com. The decision will increase value for its shareholders.
The need
Cross Click stated that it realized the business model of Co-Signer.com needed a longer-term timetable and gradual growth rate. It required a separate and a dedicated management team so as to support its operations. The management need to educate public and industry participants on the importance of residential surety in context of rent control and other government based solutions. The measures should be directed to extend its presence nationwide as a pioneer point for residential rent guarantees, which are utilized and adopted across the U.S. as new standard every year.
Cross Click will continue to move forward seeking new business and completing a selection of service deals. In last trading session, the stock price of surged in the early trading and then eroded the early gains to close the trading session at $0.00080.
