CrowdGather, Inc. Announces Acquisition of Digital Assets Including WeedTracker.com Online Community
April 01 2015 - 7:30AM
Business Wire
Specialty social media and gaming network, CrowdGather, Inc.
(OTCQB:CRWG), today announced the acquisition of digital assets
including the WeedTracker.com domain name and online community.
Other included assets included domain names DispensaryWeed.com and
WeedinHollywood.com.
“Since our inception we have grown opportunistically through
acquisitions that have leveraged our deep expertise and
relationships in online communities towards user acquisition for
higher growth opportunities from advertising and beyond,” said
Sanjay Sabnani, Chairman and CEO of CrowdGather, Inc. “Now, with
the help of our capable engineering team we will look at extending
WeedTracker into a mobile, locator app franchise while we also look
at developing WeedinHollywood.com into our first cannabis themed
gaming title.
Sabnani continued, “Our mission remains focused on gathering a
very large crowd of online users, one which we seek to entertain
with our network of sites, apps, and games.”
About CrowdGather, Inc.
With its growing portfolio of special interest forums and
enthusiast message board communities, CrowdGather
(www.crowdgather.com) has created a centralized network to benefit
forum members, forum owners, and forum advertisers. CrowdGather
provides a highly interactive and informational social network for
members, a management and revenue-sharing resource for third-party
forum owners, and a largely untapped advertising network for
marketers worldwide.
CrowdGather subsidiary, Plaor, a company that specializes in
developing highly scalable multi-platform games, is located in the
heart of Boston's fast growing Innovation District. Plaor produces
Mega Fame Casino, an innovative and highly rated social casino
available on iOS, Android & desktop. With over 20 employees,
the Plaor team is a mix of rising-star newcomers and
widely-recognized game development veterans from companies
including Rockstar Games, Turbine, Harmonix, Irrational Games,
Nanigans, Sony Online Entertainment, ThoughtWorks, THQ, and Caesars
Interactive Entertainment.
This press release contains forward-looking statements (as
defined in Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended)
concerning future events and the Company’s growth and business
strategy. Words such as “expects,”“will,” “intends,” “plans,”
“believes,” “anticipates,” “hopes,” “estimates,” and variations on
such words and similar expressions are intended to identify
forward-looking statements. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will
prove to have been correct. These statements involve known and
unknown risks and are based upon a number of assumptions and
estimates that are inherently subject to significant uncertainties
and contingencies, many of which are beyond the control of the
Company. Actual results may differ materially from those expressed
or implied by such forward-looking statements. Factors that could
cause actual results to differ materially include, but are not
limited to, changes in the Company’s business; general economic,
industry and market sector conditions; the ability to generate
increased revenues from the Company’s forums and Plaor’s social
casino; the ability to obtain additional financing; the ability to
manage the Company's growth; the ability to develop and market new
technologies to respond to rapid technological changes; competitive
factors in the market(s) in which the Company operates; and other
events, factors and risks disclosed from time to time in the
Company’s filings with the Securities and Exchange Commission. The
Company expressly disclaims any obligations or undertaking to
release publicly any updates or revisions to any forward-looking
statements contained herein to reflect any change in the Company’s
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based.
Investor Contact:CrowdGather, Inc.Sanjay Sabnani,
818-435-2472 x 101sanjay@crowdgather.com