Neratech Media Ltd.

Neratech Media has become a shell company and completed a reverse merger deal with GoTo Global. As a result GoTo holds 74% of the merged company, while Neratech shareholders hold 26% of the merged company. The management and activity of the merged company is GoTo's management and activity and it is named GoTo Ltd. (reg no. 516286887).

Somoto has split into two public companies. One of the companies has merged with Nostromo in a share swap deal. It is called Nostromo Energy and trades under a new symbol. The second company is called Neratech Media and all of Somoto current assets and activities, including subsidiaries and Trinity Audio, has been transferred to it. It is now traded under the symbol NRTK. It is operated by Somoto's team and will be looking for new activity to add. It has around $11m in cash balance.

Somoto sold its applications distribution activity to Zvika Barinboim for $10m. The company might receive an additional sum of up to $24m, based on its results. The activity included a platform for freeware and shareware developers with a straightforward and simple method to monetize, enhance and distribute their offerings.