StockGuru Shines its Spotlight onSupportSave (OTCBB: SSVE) As It Completes Buyback Shares and Receives $175,000 From Image Entertainment — December 23, 2011

StockGuru Shines its Spotlight onSupportSave (OTCBB: SSVE) As It Completes Buyback Shares and Receives $175,000 From Image Entertainment  — December 23, 2011

Dallas, Texas (December 23, 2011) – StockGuru Shines its Spotlight onSupportSave (OTCBB: SSVE).  The Company announced yesterday that it bought back and retired approximately 2,182,683 shares during the month of October and November of this year. This concludes the Company’s buyback initiative. The full details of the buyback will be disclosed in the upcoming 10-Q.  The Company closed on December 22, 2011, at $0.25, trading in a fifty-two week range of $0.45 – 0.05.

On December 19, 2011, SupportSave and its wholly-owned subsidiary SS Media Ventures, LLC received the initial payment of $175,000 with another $100,000 due by January 31, 2012. The $275,000 is an advance from Image Entertainment, a major film distributor. Additionally, there will be revenue sharing in perpetuity. “Division III: Football’s Finest” is being heavily promoted in the media, with actor Andy Dick making appearances on ABC’s The View, The Adam Carolla Show and Inside Edition, with more to follow. The film can be viewed on Video On Demand on most cable and satellite providers by searching part of its name — “Division III: Football’s Finest.” The film features an ensemble cast of Andy Dick, Adam Carolla, Mo Collins, Will Sasso, Bryan Callen, and Michael Jace.

There will be a premier and red carpet event at the world famous Arclight Theatre in Hollywood, California on January 12, 2012. “While both the buyback and the film funding have been wildly successful initiatives, it is our intention to focus all of our resources on our core business for the foreseeable future. We need to build our cash reserves, strengthen our balance sheet and be prepared to expand our delivery capacity to meet increased demands,” says Christopher Johns, President & CEO.

About SupportSave Solutions, Inc.

SupportSave Solutions, Inc. is the leading low-cost provider of outsourced customer care and back-office support. SupportSave operates American-managed delivery centers in the Philippines. SupportSave is headquartered in Los Angeles, CA.

 


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