SPYR Inc (OTCMKTS:SPYR) desires to excel in the booming industry of mobile game and application and for the same purpose the company is adding pioneers to its team. Recently, the company recruited Paul Thind as the exclusive Managing Director for its games and application vertical. Thind comes in the list of opinion leader in the world of internet, mobile games, entertainment and related fields.
SPYR engaged a brand builder of the industry, which will prove extremely beneficial for the company in coming period. The company desires to give a tough competition to its rivals in this fast-growing segment. Thind gives SPYR an opportunity to get familiar and augment its market share in industry of mobile games and virtual worlds.
Atrinsic, Inc. (OTCMKTS:ATRN) Submits Form 8-K
Atrinsic, Inc. (OTCMKTS:ATRN) filed Form 8-K wherein it disclosed that in first week of September, it released secured convertible notes to Hudson Bay Master Fund Ltd. as well as Iroquois Master Fund Ltd for total proceeds of $50,000. Both the groups are secured lenders and as per the report, these notes mature in August 2016. They have a interest rate of 5% annually, payable at maturity.
The accrued interest and outstanding amount of each secured note is convertible, depending on a Beneficial Ownership Cap of nearly 5% into shares of Atrinsic common stock. The initial price is decided at $5 per share, at the sole will of the holders. The amount will be deployed in meeting working capital needs. At the same time, Atrinsic also reported a note modification deal with each of Hudson and Iroquois.
Marchex, Inc. (NASDAQ:MCHX) Recruits Gary Nafus
Marchex, Inc. (NASDAQ:MCHX) closed in green for second consecutive day after the company reported appointment of Gary Nafus as company’s new CRO to support executive team. The company also hired Matt Muilenberg on the profile of SVP, Customer Evangelist.