SPOM SPO Global Inc (PK)

WOBURN, MA / ACCESSWIRE / November 21, 2016 / S.P.O. GLOBAL Inc. (OTC trading symbol "SPOM"), has just released its Q 3 financials on the OTC Market that reflects a tumultuous 3 months after the company received an unsolicited offer, which resulted in the potential acquirer unable to raise the sufficient finance to meet the valuation and price requested by the board of directors after discussion and valuation.

Owen Dukes the CEO stated "While the Q3 results reflects the company focus on this unsolicited offer, I am pleased to inform all our shareholders that the Q4 revenue estimates will be in a different league and in excess of $80,000 , which will be a record quarter in the year 2016.

Since October 2016, here are a few of the completed performance testing contracts that we have booked the revenues for.

An initial contract to provide software testing services to the Kuwait National Petroleum Company that has resulted in revenues of $20,000 and further added services and revenues for 2017.

In a local city, in the State of Washington, we are closing the final testing that will result in initial revenues of $22,000 plus long terms revenues for services.

In the UK, we have completed the full testing for the worlds leading commercial property and real estate services adviser, that has resulted in an initial revenue of $28,000 plus further revenues for 2017.

We also received renewals from a number of major customers, including Equiniti and Southampton University, and Nova Scotia Power in Canada that has resulted in revenues of more than $25,000."

Owen Dukes, CEO of SPOM comments "Our business is now running full steam ahead, and I am pleased to inform all our shareholders, that we are expanding our technical sales with an additional 2 people bringing us to a 9 strong team."

"Our pipeline is fantastic, especially compared to 2016, and I estimate actual revenues for 2017 of at least $400,000 which will be 150% increase over 2016."

"We have also started to raise finance for the expansion of our company, and that any new investment will be based upon on a minimum of one year fixed term note before any shares will be issued for repayment. In light of this expansion the company has a legal obligation to meet the financing terms and conditions and therefore has increased it's authorized its shares on the 4^th November, to 1,998,000,000 common shares."

Owen Dukes CEO further stated "The value of the business can be verified by the increasing amount of contracts we are winning with major enterprises around the world, and my confidence in increasing our employees to meet this demand, will result in that all shareholders will be part of an on-going fast growing valuable software company, with a robust and scalable IP, that I am confident will be seen in the much higher share price of our company over the next 12 months."

About SPO GLOBAL INC:

S.P.O. (SOFTWARE PERFORMANCE OPTIMIZATION) GLOBAL INC, is an emerging technology company that is focused on selling its unique performance testing optimization and monitoring software IP for all enterprise applications. The focus of SPO is to build the company into a major player in this exciting billion-dollar market.

SPO Global purchased in December 2015 the technology company Reflective Solutions Corp. that sells its unique IP software to major enterprises in North America and Europe.

The principle software products of Reflective Solutions is "Stress Tester" a robust Performance Stress testing solution for large enterprise applications and its new product "Sentinel" that is providing enterprise customers an intelligent monitoring solution 24 / 7 software as a service (SaaS).

For more information on SPO Global visit: www.spoglobal.com

This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections about our business and our industry, and that reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, expectations regarding the successful expansion of our product base, profitability, market acceptance of our products and new product applications, timing of new product launches, product performance, size of prospective markets, marketing strategies, success of our restructured operations and plans, our ability to generate fees or raise capital to support our business operations and plan, the sufficiency and availability of working capital, changes in economic conditions generally and in more specifically, the introduction of competing products, changes in our operating strategy or development plans, patent protection for our products and technologies, changes in economic conditions generally and in more specifically, in the markets we operate, changes in technology, legislative or regulatory changes that affect us. We undertake no obligation to revise or update any forward-looking statement for any reason.

SOURCE: SPO Global Inc.

SPO Global (PK) (USOTC:SPOM)
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