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Docucon Inc Details:

As on December 13, 2007, Docucon Inc. was acquired by My EDGAR, Inc. in a reverse merger transaction. Docucon, Incorporated does not have significant operations. The company intends to merge or acquire a transaction with a suitable candidate. Previously, it engaged in the business of converting paper documents into electronic files for storage and archive purposes. The company was founded in 1986 and is based in Latham, New York.

November 21, 2008 5:27 PM ET

Docucon Inc (ISDR:OTC Bulletin Board Market)

LAST $0.01 USD
CHANGE TODAY 0.00 0.00%
VOLUME 500.0
ISDR On Other Exchanges
As of 3:45 PM 11/21/08 All times are local (Market data by Reuters is delayed by at least 15 minutes).
OPEN
$0.01
PREVIOUS CLOSE
$0.01
DAY HIGH
$0.01
DAY LOW
$0.01
52 WEEK HIGH
12/10/07 - $2.40
52 WEEK LOW
11/18/08 - $0.01
MARKET CAP
188.4K
AVERAGE VOLUME 3 mo
6.8K
DILUTED EPS TTM
--
SHARES OUTSTANDING
18.8M
ISDR Does Not Pay Dividends
P/E TTM
NM
K = Thousands  M = Millions  B = Billions

ISDR Details

1 Employees
Founded in 1986
  Latest 10-K
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Top Compensated Officers

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Executives, Board Directors

Key developments

Docucon Inc. Amends Articles of Incorporation and Bylaws

On December 13, 2007, Docucon Inc., My EDGAR Inc. and Docucon Acquisitions Corporation, entered into an Agreement and Plan of Merger. On December 14, 2007, in connection with the Merger, Docucon Inc. amended its articles of incorporation to change its name from Docucon Incorporated to Issuer Direct Corporation. Also on December 14, 2007, the Company amended its Bylaws to reflect the name change and also to provide that instead of the President holding the sole power and authority to initiate various actions as required by the Bylaws, that such power and authority would be vested in the Chairman of the Board.

Docucon Inc. Announces Executive Changes

Docucon Inc. announced that with the completion of the acquisition, Robert Schwartz, Chief Executive Officer of Docucon has resigned and has been replaced by Brian Balbirnie. Mr. Balbirnie will serve as the Corporation's Chief Executive Officer and Chairman of the Board of Directors. On December 17, 2007, James Learish was named President and Chief Accounting Officer and appointed to the Board of Directors, the remaining independent directors Edward Gistaro and Chauncey Schmidt will remain as part of the board.

My EDGAR, Inc. completed the acquisition of Docucon, Inc. (OTCPK:DCCN) in a reverse merger transaction through an asset purchase agreement.

My EDGAR, Inc. signed a letter of intent to acquire Docucon, Inc. (OTCPK:DCCN) in a reverse merger transaction on September 20, 2007. After the closing of the transaction, My EDGAR will own approximately 97% of the total outstanding shares of Docucon. The transaction is subject to the satisfactory completion of certain items including, but not limited to, due diligence, execution of definitive agreements, government approval, environmental conditions, reverse stock split of shares, third party approval, shareholders and Board approvals of both the parties. Upon the execution of the definitive merger agreement, all current officers and directors of Docucon will resign by election. The name of My EDGAR would be changed to Federal Issuer Services Corporation. On December 11, 2007, all the directors unanimously approved the merger. Jeffrey M. Quick of Quick Law Group PC acted as legal advisor for My EDGAR. My EDGAR, Inc. completed the acquisition of Docucon, Inc. (OTCPK:DCCN) in a reverse merger transaction through an asset purchase agreement on December 13, 2007. On December 14, 2007, My EDGAR filed an amendment to its articles of incorporation to change its name from Docucon Incorporated to Issuer Direct Corporation. As a result of the closing, the former shareholders of My EDGAR own 96% of the total outstanding shares of Docucon capital stock and 96% of the total voting power of all of Docucon’s outstanding voting securities. With the completion of the acquisition, Robert Schwartz, Chief Executive Officer of Docucon has resigned. Brian Balbirnie will serve as the Issuer Direct Corporation's Chief Executive Officer and Chairman of the Board of Directors. On December 17, 2007, James Learish was named President and Chief Accounting Officer and appointed to the Board of Directors. Edward Gistaro and Chauncey Schmidt will remain as part of the board.

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