DALLAS, June 29, 2012 /PRNewswire/ -- TagLikeMe Corp.
(the "Company," "TagLikeMe") (OTC-BB: TAGG, Frankfurt: M6C1)
announces that effective June 29,
2012, the Company completed the share exchange agreement,
dated May 14, 2012 (the "Agreement"),
with Glob Media Works Inc. ("Glob Media"), a Washington company, and each of the
shareholders of Glob Media (each a "Vendor" and collectively, the
"Vendors"), whereby TagLikeMe has acquired all of the issued and
outstanding shares of Glob Media in exchange for the issuance of
9,075,734 restricted shares of common stock of the Company to the
Vendors on a pro rata basis in accordance with each Vendor's
percentage ownership in Glob Media.
Glob Media owns intellectual property rights to its Internet
cloud based software application related to online search and
social media developed by Glob Media. As a result of the closing of
the Agreement, Glob Media has become TagLikeMe Corp.'s direct
wholly owned subsidiary.
The securities of TagLikeMe issued to the Vendors upon the
closing of the Agreement have not been registered under the
Securities Act of 1933, as amended, or under the securities laws of
any state in the United States,
and were issued in reliance upon an exemption from registration
under the Securities Act of 1933. The securities may not be offered
or sold in the United States
absent registration under the Securities Act of 1933 or an
applicable exemption from such registration requirements.
TagLikeMe Corp. President, Richard
Elliot-Square states, "The completion of the acquisition of
Glob Media paves the way for TagLikeMe Corp. to begin growing our
search and social site TagLike.Me on an unprecedented scale. We
intend to use our wider access to capital and public market support
to build TagLike.Me into a leading Internet destination in a
comparatively short period."
"We are focused on driving significant eyeballs that will result
in tremendous short and long term value to TagLikeMe,"
Elliot-Square adds.
About Glob Media
Glob Media's primary business is a social search destination
called TagLike.Me or TagLikeMe.com which is an Internet services
platform that combines the most commonly used functions of search
and social media interaction in one destination. TagLike.Me allows
individuals to search the Internet by using the top two search
engines of Bing™ and Google™ in addition to viewing related
activities from popular social media based sites such as Facebook™,
YouTube™, Twitter™ and Wikipedia ™ with regard to their search
inquiry. In addition, TagLike.Me gives the opportunity of searchers
to connect and chat with others worldwide that might be searching
similar topics as them. This adds a much-needed human element to
search and online social interaction. TagLike.Me is ideal for any
online pedestrian or seasoned researcher that conducts significant
search activities for personal or organization based interests.
The site has also incorporated sophisticated search refinement
and semantic recommendation functions further allowing searchers to
perform search inquiries more accurately and efficiently. In
addition, the unique design of the site gives anyone the ability to
preview a live snap shot of any web site, including images or
videos, within their search results and users can simply drag and
drop those results to their tagboards for later use, project
organization or sharing.
For further information see: www.TagLikeMeCorp.com
Symbol: OTCBB/OTCQB – TAGG;
Frankfurt/Berlin Symbol - M6C1,
WKN No.: A0QYTM; ISIN: 61732R 206
Contact North America:
Investor Relations
Tel.: 214-800-2851
SAFE HARBOR STATEMENT
THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT
TERM IS DEFINED IN SECTION 27A OF THE
UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND
SECTION 21E OF THE UNITED STATES
SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.
STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL,
ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING
BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE
FUTURE.
EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS
DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS
THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD
CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS,
PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH
STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING
STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH
WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR
SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND
UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE
RISKS ASSOCIATED WITH PROPERTY DEVELOPMENT AND FUNDING AS WELL AS
THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL REPORT ON FORM
10-KSB AND ON FORM 10-QSB AND FROM TIME-TO-TIME IN OTHER PUBLICLY
AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS
INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS,
COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE
COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND
DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE
COMPANY'S DEVELOPMENT EFFORTS WILL SUCCEED AND THE COMPANY WILL
ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING
STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE
COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING
STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD
DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING
STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS,
PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE
ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS,
EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS
SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD
ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC
REPORTS FILED FROM TIME-TO-TIME WITH THE
UNITED STATES SECURITIES AND EXCHANGE COMMISSION.
THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY
WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. EACH OF THE
NASD, THE SEC AND THE OTCBB NEITHER APPROVES NOR DISAPPROVES OF THE
CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT
CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY
NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION
IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR
TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY
SUCH JURISDICTION.
SOURCE TagLikeMe Corp.