Intraday Stock Chart
Today : Monday 7 February 2011
Explore Anywhere Holding Corp. (formerly known as Por Favor Corp.), a Nevada corporation (Pink Sheets: PFVR), and a longtime presence in the rapidly growing, computer monitoring market, specializing in computer monitoring solutions for parents, corporations, and educational facilities, today announced the appointment of Bryan Hammond as the Company's President. Mr. Hammond succeeds William Gerlib, former acting and Interim CEO, who recently resigned. In addition, as part of the merger with ExploreAnywhere, Inc., the Company has approved the retirement of 230,576,250 shares, converting these shares to Treasury Shares and reducing the outstanding shares by more than 87% to 31,923,750.
Mr. Hammond began his entrepreneurial career at the age of 14 when he developed and sold his first shareware program. Throughout his teenage years Mr. Hammond started several Internet startups. In 2001, Mr. Hammond turned his attention toward developing and innovating technologies that protected children from the increasing dangers of the Internet by founding ExploreAnywhere Software. Mr. Hammond attended the University of New Hampshire Whittemore School of Business and Economics studying Business Administration, but left after one year of study to
In addition, the Company announced that senior management would receive salaries of $1 annually until the Company reaches cash flow sustainability, demonstrating management's commitment to creating long-term shareholder value. The Company will however compensate management with shares of the Company's common stock to compensate them for services rendered in the development of ExploreAnywhere to this point in time. The Company expects that such share compensation will be equal to approximately 45% of the outstanding shares.
Bryan P. Hammond, ExploreAnywhere's Founder and Chairman of the Board of Directors commented, "This action demonstrates that management is fully aligned with our shareholders, especially since collectively management represents a significant portion of the outstanding shares. Our confidence in the prospects for Explore Anywhere, based on our optimism for the upcoming new version of our flagship product and the rapidly growing need for computer monitoring solutions, has persuaded us to take salaries of only $1 and approve the retirement of the vast majority of the outstanding shares. Going forward, management will only benefit as shareholders benefit, demonstrating our firm commitment to creating long-term, sustainable shareholder value.
About ExploreAnywhere Holding Corp.
ExploreAnywhere is a longtime presence in the rapidly growing, computer monitoring market, specializing in computer monitoring solutions for parents, corporations, and educational facilities. ExploreAnywhere's mission is to provide effective and useful computer monitoring products at affordable prices in an effort to cut down on the dangers of the Internet and the greater community at large. Its solutions implement industry leading technologies designed to address a range of emerging online threats.
Statements about our future expectations are "forward-looking statements" within the meaning of applicable Federal Securities Laws, and are not guarantees of future performance. When used herein, the words "may," "will," "should," "anticipate," "believe," "appear," "intend," "plan," "expect," "estimate," "approximate," "potential" and similar expressions are intended to identify such forward-looking statements. These statements involve risks and uncertainties inherent in our business, including those set forth in our filings with the
For More Information:
Bryan Hammond Jeffrey Stanlis
President Partner, Hayden IR
(877) 539-5644 (602) 476-1821
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