Rainmaker Systems Announces Major Rebranding Initiative
19 March 2015 - 12:35AM
Business Wire
Company to begin trading as “VCTL”; will do
business as ViewCentral
Rainmaker Systems, Inc. DBA ViewCentral (OTCQB:VCTL), a leading
provider of external, for-profit, web-based learning management
solutions announced today that it will begin trading as VCTL on the
OTCQB marketplace, retiring the RMKR symbol. In addition, the
company has registered the DBA ViewCentral and will use ViewCentral
as the corporate identity moving forward.
The changes represent the culmination of the company’s
transition from a call center and e-commerce focused business to a
SaaS learning management system (LMS) provider.
“The past six months have been transformational for
ViewCentral,” said Terry Lydon, ViewCentral co-founder and CEO.
“Not only have we shed old lines of business, negotiated the
settlement of a large creditor liability and rebranded the company,
we have done so while growing ViewCentral LMS.”
The company will propose changing the legal name of the company
to ViewCentral, Inc. from Rainmaker Systems, Inc. at the company’s
next shareholder meeting.
About ViewCentral
ViewCentral is a learning management solution provider to
organizations of all sizes across the technology, financial
services, biosciences, human resources, and consulting industries,
among others. ViewCentral’s Learning Management System allows
organizations to monetize and facilitate the delivery of training
and certification programs, enabling them to capture both
incremental and recurring revenue from subscription based
offerings. ViewCentral is headquartered in Campbell, Calif. For
more information, please visit www.viewcentral.com.
ViewCentral trades in the U.S. on the OTCQB marketplace under
the symbol “VCTL”.
Safe Harbor Statement
This press release contains forward-looking statements regarding
future events. These forward-looking statements are based on
information available to Rainmaker Systems dba ViewCentral as of
this date and we assume no obligation to update any such
forward-looking statements. These statements are not guarantees of
future performance, and actual results could differ materially from
current expectations. Among the important factors which could cause
actual results to differ materially from those in the
forward-looking statements are our ability to raise additional
capital to meet our operating requirements, our ability to maintain
compliance with our debt covenants, our ability to reduce our
losses and achieve profitability, our client concentration, as we
depend on a small number of clients for a significant percentage of
our revenue, the possibility of the discontinuation and/or
realignment of some client relationships, general market
conditions, the high degree of uncertainty and our limited
visibility due to economic conditions, our ability to execute our
business strategy, the effectiveness of our sales team and
approach, our ability to target, analyze and forecast the revenue
to be derived from a client and the costs associated with providing
services to that client, the date during the course of a calendar
year that a new client is acquired, the length of the integration
cycle for new clients and the timing of revenues and costs
associated therewith, our ability to manage growth, potential
competition in the marketplace, our ability to retain and attract
employees, market acceptance of our solutions and pricing options,
our ability to maintain our existing software technology and to
deploy new technology, our ability to sign new clients and control
expenses, the financial condition of our clients' businesses, the
protection of our intellectual property and other factors detailed
in the Company's filings with the Securities and Exchange
Commission ("SEC"), including our filings on Forms 10-K and
10-Q.
ViewCentralBryant Tolles, 408-340-2515Chief Financial
Officerbtolles@viewcentral.com
Rainmaker Systems (CE) (USOTC:VCTL)
Historical Stock Chart
From Nov 2024 to Dec 2024
Rainmaker Systems (CE) (USOTC:VCTL)
Historical Stock Chart
From Dec 2023 to Dec 2024