BarPoint.com, Inc. and Fundever, Inc. - Owner of Schoolpop, Inc. Finalize Merger
Thursday February 19, 8:15 am ET
New Management Team Assumes Control
ATLANTA, Feb. 19 /PRNewswire-FirstCall/ -- Fundever, Inc. announced that it completed its previously announced merger with BarPoint.com, Inc., and Schoolpop, Inc. in a reverse merger transaction.
BarPoint.com issued 68,250,111 shares of its common stock as consideration. After payment of the stock dividend payable to pre-acquisition stockholders, new stockholders own approximately 71.9% of BarPoint.com common stock outstanding. BarPoint.com, currently traded under (OTC Bulletin Board: BPNT - News), intends to change its name to Schoolpop Group, Inc. in the near future and then change its trading symbol.
BarPoint.com's new management team consists of Paul Robinson, Fundever cofounder, chairman and chief executive officer; Mickey Freeman, president; Curtis Ramsey, chief financial officer; Drew Schulz, chief technology officer; and Stephen Avalone, Fundever co-founder and chief marketing officer. The seasoned management team brings entrepreneurial, technology and general management experience in the education, software, and technology arenas, with an emphasis on sales, marketing, and rapid-growth businesses.
Paul Robinson said, "Schoolpop targeted a strategic acquisition and with this transaction completed, we are pleased to be become a public entity. As high speed wireless technologies evolve, Schoolpop's management team sees the unique potential of BarPoint.com's intellectual property to boost our existing online, offline and gift card shopping."