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TUCSON, AZ / ACCESSWIRE / January 19, 2021 / GainClients, Inc. (OTC PINK:GCLT) ( GainClients or the Company ) announced that it has completed the bank certification process for its first three title company clients with three separate banks and several more to follow.
The Company is certified with Huntington Bank, Dansville, IN; Spirit of Texas Bank, College Station, TX; and Umpqua Bank, Bend OR and has seven additional certifications in development. The bank certification process is the first and most important step to supporting our title company clients and growing the earnest money capture service, say Ray Desmond the company s CEO and President. It is also the most time-consuming process because remote earnest money depositing is such a new technology for the real estate industry. However, we are very pleased to be partaking in this new technology. And, the more banks we connect with, the faster the process becomes to widen our coverage net and ultimately create recurr
GainClients, Inc. (GCLT) Files Articles of Amendment to Articles of Incorporation
The newly amended articles include the following changes and additions:
The retirement of 500,000,000 shares of common stock, no par value reducing the total authorized amount to five hundred million shares;
The appointment of the Senior VP of Marketing, Edward Laine, Jr. as an officer and director of the Company; and
The appointment of Patricia Freeman as the corporate secretary of the company.
The existing board certified the amendment was adopted by a majority vote of the directors of the corporation on December 21, 2020. The new share structure shall take effect the day the Articles of Amendment are officially filed by the Florida Department of State and will be updated on the OTC Market accordingly.
GAINCLIENTS, INC (GCLT) Retiring of Convertible Debt Leads to Stronger Balance Sheet, and Growing Cash Reserves albuquerqueexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albuquerqueexpress.com Daily Mail and Mail on Sunday newspapers.
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TUCSON, AZ / ACCESSWIRE / December 23, 2020 / GainClients, Inc. (OTC PINK:GCLT) ( GainClients or the Company ), a provider of technology solutions for the real estate industry, has announced that in late 2018, it began retiring outstanding debenture debt totaling $354,170.08.
The Company is reporting today that it has reduced its convertible debenture debt by 30% including accrued interest and eliminated all its credit card debt by April 23, 2020. Retirement of a third of our convertible debentures represents an important milestone in the continual improvement of the Company s balance sheet, as we work to bring the Company s financial reporting current, commented Ray Desmond, President and CEO. The convertible debenture provision provided us with the required financing to focus on new software development, which will increase revenue and contribute to a stronger financial position with growing cash reserves.
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