HICKSVILLE, NY - (NewMediaWire) - November 10, 2015 - The two largest shareholders of WRAPmail, Inc. (OTC PINK: WRAP), McKenzie Webster Limited and Marco Alfonsi, have each retired 50 million shares of common stock.
The company has further voted to create a Series A Preferred class of stock and McKenzie Webster Limited and Marco Alfonsi have respectively been issued 5 preferred shares.
The CEO, Marco Alfonsi, stated, "This has been done in an effort for the company to meet its long-term goals as a publicly traded entity."
Please refer to the company's filings with the state of Florida and OTC for more details regarding the authorization of preferred shares.
ABOUT WRAPmail, Inc.
WRAPmail, Inc., a public company trading under the symbol WRAP, is comprised of two complimentary business offerings. WRAPmail is a patented interactive email stationery for regular (one-on-one) business and personal emails.
The WRAPmail solution combines its proprietary patented technology with custom marketing content and provides a next generation marketing e-mail platform for organizations and individuals. The Company provides a "rich" e-mail letterhead solution to Organizations and Individuals allowing e-mail correspondence to be written on letterhead as opposed to a blank sheet of paper, which is today's current practice. Basically, a "rich" e-mail message is one that includes one or more of the following multi-media features -- graphics, pictures, text, audio, video, animation and links. WRAPmail has developed a platform of rich e-mail software features based on industry standards packaged as an integrated, turnkey server-centric product that resides in the cloud. Secondly WRAPmail offers Prosperity Bullseye, a Document, project and Sales Management system with a focus on Document retention and Compliance.
Forward looking statements and risks and uncertainties
Matters discussed in this press release contain forward-looking statements. The words "anticipate," "believe," "estimate," "may," "intend," "expect," and similar expressions identify such forward-looking statements. Expected, actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. Forward-looking statements are subject to a number of risks and uncertainties, including but not limited to, risks and uncertainties associated with, among other things, the impact of economic, competitive, and other factors affecting our operations, markets, products, and performance. The matters discussed herein, including the development of our automated solution creating interactive email letterheads (WRAPS) for Google+ and potential revenue derived therefrom should not be construed in any way, shape or manner of our future financial condition or stock price. For more complete information regarding our business and financial condition, you may access our filings at otcmarkets.com.
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