HOTLINE TO HR Inc Announces It Intends To Raise Additional Funds
FOR IMMEDIATE RELEASE
Thornhill, Ontario, February 29, 2012 – HOTLINE TO HR Inc (CNSX: HTH) announced today that it has arranged for the non brokered private placement of 6,000,000 units at $.0.5 per unit to raise up to $300,000. Each unit will consist of one common share, and one warrant exercisable at $0.15 per share. Each warrant will be exercisable to purchase one additional share for two years after closing.
Frank Buonpensiero, Vice President and Chief Operating Officer said: “the company is looking to raise additional funds to advance its proprietary technology, expand its direct e-marketing, and ongoing business. “
About HOTLINE TO HR Inc
HOTLINE TO HR Inc provides Human Resources administrative solutions for small to large sized companies. HOTLINE TO HR Inc provides its clients with access to HR forms, documentation and 24/7 access to a Human Resources specialist who are trained to deal with all Human Resource issues. We empower companies to make and execute decisions in the most proficient manner, mitigating risk and improving employee communication and relations.
This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements.
In particular, factors that could cause actual results to differ materially from those in forward looking statements include, our inability to obtain additional financing on acceptable terms, risk that our products and services will not gain widespread market acceptance; continued consumer adoption of digital technology, inability to compete with others who provide comparable products, the failure of our technology, inability to respond to consumer and technological demands, inability to replace significant customers; seasonal nature of our business and other risks detailed in our
filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential,” and similar expressions may be used to identify forward-looking statements.
HOTLINE TO HR Inc