8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): January 4, 2015

AVRA INC.

(Exact name of registrant as specified in charter)

Nevada	333-182130	36-4789798
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

115 Pelham Commons Boulevard, Greenville, SC	29615
(Address of principal executive offices)	(Zip Code)

1-844-287-2462

(Registrant’s telephone number, including area code)

	N/A
(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o           Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Item 5.02              Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 4, 2015, the Board of Directors (the “Board”) for Avra Inc. (the “Company”) appointed Mark Petropoulos as the Company’s Vice President of Sales for North America.

Mark Petropoulos, 54, Vice President of Sales for North America

While serving as the Vice President of Sales for North America, Mr Petropoulos is also the President of Suregate LLC (“Suregate”) and has served the position since Suregate’s inception in 2007. As a seasoned professional in the merchant service industry with twenty years of experience, Mr. Petropoulos has assisted many merchants with respect to credit card services and payment platforms. He has acted in a sales role and as a consultant with regards to provision of services in the payments industry, and most recently at Suregate has been managing a payment gateway, which is an e-commerce application service provider that authorizes credit card payments for online businesses.

Family Relationships

There are no family relationships between any of the Company’s directors or officers and Mr. Petropoulos.

Related Party Transactions

There are no related party transactions reportable under Item 5.02 of Form 8-K and Item 404(a) of Regulation S-K.

Employment Agreements

The Company has not entered into any employment agreement with Mr. Petropoulos.

Item 8.01              Other Events. 

On January 8, 2015, the Company issued a press release announcing that it hired Mr. Mark Petropoulos to the position of Vice President of Sales for North America.

Item 9.01              Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number	Description
99.1	Press Release, dated January 8, 2015.

SIGNATURES     

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	AVRA INC.
DATED: January 8, 2015	By:	/s/ Stephen Shepherd
		Stephen Shepherd
		Chief Executive Officer

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EX-99

 

Exhibit 99.1

Avra, Inc. Welcomes VP for North American Business Development

GREENVILLE, SC – (MARKETWIRED – January 8, 2015) – Avra, Inc. (OTCQB: AVRND) (“Avra” or the “Company”) a development stage company pioneering product innovation and activation of merchant and consumer commerce in the global Bitcoin-related digital currencies market, is pleased to welcome the appointment of Mr. Mark Petropolous to the position of Vice President of Sales for North America.

Mr. Petropolous joins the team at Avra during a period of growth and has been tasked with Business Development activities for North America, one of the most important markets for the digital currency industry. He brings decades of management experience in the payment processing industry and related financial sectors, with a career that spans a diverse portfolio of successful industry and business accomplishments.

Steve Shepherd, CEO of Avra, Inc. comments, “Mr. Petropolous is a critically important addition to our growing team here at Avra. Given his wealth of experience in the payments industry in addition to his exceptional track record in merchant acquisitions, we believe he is perfectly positioned to provide us with the strategic perspective to move quickly and adeptly through the rapidly changing North American payment landscape.”

"The more I have learned about digital currency the more I understand how consumers and merchants can benefit from using it. Avra has focused on making the experience with digital currency as simple and useful as possible,” states Mr. Petropolous, who concludes, "I have seen a lot of changes in the payment industry and I believe that digital currencies like Bitcoin are clearly going to be the most disruptive."

Mr. Petropolous also currently serves as President of Suregate LLC, one of the most advanced payment gateways for the North American market, as well as providing expertise to a number of leading payment industry organizations for over twenty years.

For more information please visit our website at: www.avraglobal.com.  

About Avra, Inc. (OTCQB: AVRND)

Avra, Inc. is focused on solutions in the digital currency markets, particularly in the provisioning of payment solutions to businesses worldwide. The Company's business model is divided into four distinct categories: AvraPay: to develop a complete, turn-key and painless way for merchants to process Bitcoin payment transactions; AvraATM: to promote usage and acceptance of digital currencies through the Company's proposed network of ATMs; AvraTourism: to provide cryptocurrency payment processing solutions for high volume merchants such as hotels and casinos; AvraNews: to provide a news portal focusing on digital currency news. For more information about the Company please visit:

www.avraglobal.com.  

Additional information regarding Avra, Inc. and its filings can be found at www.sec.gov.  

 

Forward Looking Statements

Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements, such as the closing of the share exchange agreement. The words “plan”, "forecast", "anticipates", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in the Company's filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Avra Inc., herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Avra Inc., disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.

For further information, please contact:

Avra Inc.

1-(844) 884-9662

info@avraglobal.com

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