Iconosys, Inc. agreed to spin off adShark, Inc to its shareholders on May 9, 2012. The newly-merged entity continues to maintain its existing strategic alliance, as well as licensing and other contractual relationships with Iconosys for its mobile development initiatives and foundational app-related technologies. Iconosys, Inc which presently owns a majority stake in Ad Shark, will distribute its shares pro-rata to its existing shareholders. In a related transaction, Monster Offers (OTCBB:MONT.D) agreed to acquire adShark, Inc. from Iconosys, Inc. The shareholders of Iconosys, Inc. approved the transaction on July 3, 2012. The Board of Directors of Iconosys, Inc. approved the transaction. Andrew Felix of Max Borges Agency acted as PR advisor in the transaction.