January 12, 2017 / 7:06 PM / in a year

BRIEF-Kona Bay Technologies announces proposed spin off

Jan 12 (Reuters) - Kona Bay Technologies Inc

* Kona Bay Technologies announces proposed spin off

* Kona Bay -board approved proposed spin off of each of co’s online advertising and software as a service businesses into independent publicly traded companies

* Name of each new independent company will be determined at a later date

* Kona Bay Technologies inc says shareholders of company will receive one share of ad co and saas co for each share of company Source text for Eikon: Further company coverage:

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