INCAPTA, INC. (OTCMKTS:INCT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS.
On May 24, 2017, the Company’s board of directors appointed Gregory Martin as the Company’s president, secretary and treasurer in place of John Fleming, who resigned those positions, as well as chief executive officer, on that date. Mr. Fleming remains as the sole member of the Company’s board of directors.
Mr. Martin, age 56, has a long history of forming companies from concept to completion in the golf and entertainment fields. He is a former professional golfer who served as CEO of Triton Golf from 1998 until 2006. Mr. Martin has owned and operated Mancuso Martin Entertainment since January 2007, along with Hollywood actor, Nick Mancuso. From that time to the present, he has also owned and operated Leading Edge Radio Network, which operates three radio networks starting in 2014 (including the formats for all talk, oldies classic hits, and Christian hits from the 1970’s to 1990’s).
Mr. Martin and has entered into a Consulting Services Agreement with the Company (see attached Exhibit 10). Under this agreement, Mr. Martin agrees to perform for the Company all necessary services required in connection with providing business operations services as an president, secretary and treasurer. Mr. Martin will be paid the following amounts under this agreement: $8,335 monthly, a total of 30,000,000 restricted shares of Company common stock at signing, and a monthly payment of $1,665 in restricted shares of Company common stock, based on the closing market price on the last day of the month, for one year from May 1, 2017, which is amount if considered earned upon execution of this agreement.
There is no family relationship between Mr. Martin and Mr. Fleming.
About INCAPTA, INC. (OTCMKTS:INCT)
Incapta, Inc., formerly TBC Global News Network, Inc., through its subsidiaries, focuses on the development of rebranded games and other media business opportunities. Its subsidiaries include Stimulating Software, LLC (Stimulating Software), Inner Four, Inc. (Inner Four) and Celebrity Games, Inc. (Play Celebrity). The Company, through Stimulating Software and Inner Four, has approximately 30 active and 340 inactive mobile games and over 35,000,000 installs on mobile devices. Both Stimulating Software and Inner Four have a library of applications on iTunes and Google store. Both are free to play or commonly referred to as freemium with built in upgrades and/or advertising Play Celebrity Games applications are designed to match the Celebrity who has requested the application while Stimulating Software are game applications designed and launch. Inner Four is under development as a cloud-based television network. INCAPTA, INC. (OTCMKTS:INCT) Recent Trading Information
INCAPTA, INC. (OTCMKTS:INCT) closed its last trading session up +0.00010 at 0.00590 with 789,932 shares trading hands.