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ACCELERIZE NEW MEDIA INC FILES (8-K) Disclosing Other Events

July 30, 2014



ITEM 8.01 OTHER EVENTS.

On July 30, 2014, Cake Marketing UK Ltd., or the Subsidiary, the wholly-owned subsidiary of Accelerize New Media, Inc., or the Company, entered into an office lease agreement, or the Lease, with West London & Suburban Property Investments Limited, or the Lessor, to lease approximately 1,507 usable square feet of office space at 76-78 Charlotte Street, London , England, or the Premises, to which the Company intends to relocate the offices of its Subsidiary. The Lease is for a term of five years, commencing on or about July 30, 2014 and provides for an option by the Subsidiary to terminate the Lease after the three year anniversary, upon giving the Lessor six months prior written notice. The base rent is GBP 89,667 per year and the estimated service charges for the Lease are GBP 45,648 per year. The Subsidiary will pay an estimated GBP 60,000 for furniture, cabling and build out of the Premises.

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Source: Edgar Glimpses


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