ALLENTOWN, PA — (Marketwired) — 12/22/14 — Brainybrawn, Inc. (OTC PINK: BRNW) announced that its CEO converted $120,000 in past due and unpaid compensation into 100,000,000 shares of the Company–s common stock at $0.0012 per share.
The acquisition of 100,000,000 shares of the Company by the Company–s CEO on December 12, 2014 increases the CEO–s stake to 253,858,750 shares out of 366,438,753 issued and outstanding shares.
About Brainybrawn, Inc.
Brainybrawn, Inc., through its subsidiary Sanvi Infotech Pvt. Ltd (India), develops customized web and windows applications and comprehensive solutions across a diversified range of industry segment and also assists media and marketing companies, retailers, and education, and hospitality providers, in India and elsewhere, by developing products and services to help support, and market their practices and businesses with innovative technology and business solutions such as office and business automation, ERP and comprehensive information management software.
This press release may contain certain statements that are not descriptions of historical information, but are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Exchange Act of 1934. These forward-looking statements refer to matters that involve risks and uncertainties. Such statements reflect management–s current views and are based on certain assumptions. Actual results could differ materially from the assumptions currently anticipated.
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