Toronto, Canada, February 22, 2012 --(PR.com
)-- HOTLINE TO HR Inc. (CNSX: HTH) is pleased to announce the Company's Management and Board of Directors, have approved an extension in the expiration date of the 4,323,500 common shares purchase warrants (the “warrants”) issued by the company on August 26, 2010. The expiration date of the warrants is to be extended by 18 months, from February 20, 2012 to June 20, 2013. Each warrant entitles the holder thereof to purchase one common share in the capital stock of the Company at a price of $0.15 per share.
The Warrants will remain subject to an acceleration clause which provides that the Company may, by delivery of written notice, require the holder to exercise some or all of the warrants held by such person, in the event that the common shares of the Company trade at a closing price of $0.25 or more for 5 or more consecutive business days.
The holder shall have fifteen days in which to exercise the Warrant, failing which the Warrant shall expire. The Company may not exercise its right to so require exercise until the 21st day of June, 2012.
About HOTLINE TO HR Inc.
HOTLINE TO HR provides Human Resources solutions for small to large sized companies. HOTLINE TO HR assists companies of all sizes efficiently manage their Human Resources systems, compliances and processes. HOTLINE TO HR delivers Human Resources solutions such as real time up to date current information as well as any HR related documentation all via our toll free number and through our e-based HR technology.
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.
Frank Buonpensiero Phone 416-619-7867
HOTLINE TO HR Inc.