The Board of Vertical Computer Systems Inc (OTCPK:VCSY) announced the spin-off of Ploinks Inc on December 2, 2016. The spin-off will be effected by means of a stock dividend to VCSY stockholders, consisting of approximately forty percent of VCSY’s ownership in Ploinks, Inc creating a standalone publicly-traded company. The process to achieve public company status commences upon the filing of a Form 10 and an Information Statement, which will be subject to SEC review. Ploinks, Inc and VCSY will be preparing a Form 10 and a related Information Statement to file with the SEC, as well as other related agreements and documents relating to the spin-off. As of May 10, 2019, VCSY and Ploinks, Inc will start the review process for hiring the executives and additional staff for Ploinks, Inc. As of December 2, 2016, Ploinks Inc Board has approved the transaction. The Board of Directors of Vertical Computer Systems, Inc has approved the spin-off on May 10, 2019.