CANADIAN PRESS -- May 24 -- Lemontonic, a networking software firm, is selling its online dating business for $15.2 million in shares of Silverback Media before merging with another company. The reorganization will be a non-arm's-length transaction. Lemontonic will then merge with Pioneering Technology. Pioneering has taken three products from concept to commercialization: the Battery Eliminator, the Safe-T-element and the Powergrill ignition system.
Mark Brooks: Some creative financing. Interesting they describe themselves as a 'networking software firm?' Lemontonic's Alexa rank is a semi-respectable 19k and growing (11k today).
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