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Latest Marlborough Software (MBGH) Headlines

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Posted On: 03/10/2014 12:36:11 PM
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Posted By: Stock_Tracker
Latest Marlborough Software (MBGH) Headlines



Marlborough Software Development's shareholders approve merger with Pageflex Acquisitions Inc

M2 - Tue Dec 10, 3:47AM CST

Marlborough Software Development Holdings Inc (OTC:MBGH), a software development company, disclosed on Monday that its shareholders approved the merger agreement between it and Pageflex Acquisitions Inc, a special purpose company formed for effecting the merger, on 6 December 2013.



Marlborough Software Development Holdings Inc. Acquired in Management-Led Buyout

Business Wire - Mon Dec 09, 8:57AM CST

Marlborough Software Development Holdings Inc. (the "Company") (OTC: MBGH) today announced that on December 6, 2013 its shareholders approved the merger agreement between the Company and Pageflex Acquisitions Inc. ("Pageflex Acquisitions"), a special purpose company formed for the purposes of effecting the merger. As a result of the merger, shareholders of the Company will receive $0.091 in cash for each share of Common Stock of the Company.



Marlborough Software Development Holdings Inc. Agrees to Merge With Pageflex Acquisitions Inc.

Business Wire - Tue Aug 20, 8:17AM CDT

Marlborough Software Development Holdings Inc. ("MSDH" or the "Company") (OTC: MBGH) today announced that it has entered into a definitive agreement to merge MSDH with Pageflex Acquisitions Inc. ("Pageflex") in a cash merger in which shareholders of MSDH will receive $0.091 per share of Common Stock. Pursuant to the merger Pageflex shall merge with and into MSDH, the separate corporate existence of Pageflex shall cease and MSDH shall be the surviving corporation of the merger and will change its name to Pageflex Inc. Amos Kaminski, a director of MSDH, Pinhas Romik, MSDH's chief executive officer and Elly Perets, MSDH's vice president of sales and marketing, each own approximately 45.5%, 9.1% and 4.6% of the currently issued and outstanding equity of Pageflex, respectively.



Marlborough Software Development Holdings Inc. Reports Fourth Quarter Results for 2012

Business Wire - Mon Apr 01, 4:14PM CDT

Marlborough Software Development Holdings Inc. ("MSDH" or the "Company") (OTC: MBGH) today reported revenue of $2,335,000 for the three months ended December 31, 2012, an increase of $700,000 or 43% as compared to the three months ended September 30, 2012 and an increase of $150,000 or 7% as compared to revenue of $2,185,000 for the three months ended December 31, 2011. The increase in revenue for the fourth quarter combined with savings from the expense reductions we announced in August, 2012 resulted in an operating loss of $700,000 for the quarter ended December 31, 2012, an improvement of $1,796,000 and $1,519,000, respectively, as compared to the losses reported for the quarters ended December 31, 2011 and September 30, 2012.



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