CRWG CrowdGather Inc (PK)

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:  May 28, 2015

CROWDGATHER, INC.

(Exact name of registrant as specified in its charter)

20300 VENTURA BLVD., SUITE 330, WOODLAND HILLS, CA  91364

(Address of Principal Executive Offices) (Zip Code)

(818) 435-2472

Registrant's telephone number, including area code

_______________________________________________________

 (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:

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

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

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

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

SECTION 7 - REGULATION FD Item 7.01 Regulation FD Disclosure.

Press
Release



The
information in this Item 7.01 of this Current Report is furnished pursuant to
Item 7.01 and shall not be deemed "filed" for any purpose, including
for the purposes of Section 18 of the Exchange Act, or otherwise subject to the
liabilities of that Section. The information in this Current Report on Form 8-K
shall not be deemed incorporated by reference into any filing under the
Securities Act or the Exchange Act regardless of any general incorporation
language in such filing.



On
May 28, 2015, CrowdGather, Inc. made a press release announcing its intention
to design a crowdfunding
platform focused on cannabis and digital startups which it hopes to launch on
CrowdGather.com in 2016. The
text of the press release is attached hereto as Exhibit 99.1.

  

SECTION 9 - FINANCIAL STATEMENTS AND
EXHIBITS

Item 9.01 Financial Statements and Exhibits

(d) Exhibits. The following is a
complete list of exhibits filed as part of this Report. Exhibit numbers
correspond to the numbers in the exhibit table of Item 601 of Regulation S-K.


 

  

  
Exhibit No.
  
  

  
Description
  
 
 

  

  
99.1
  
  

  
Press Release, dated  May 28, 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.

 

                                                                                CROWDGATHER, INC.



By:/s/
Sanjay Sabnani                                       

      Sanjay Sabnani, Chief Executive Officer



Date: May 29, 2015






EXHIBIT 99.1











CROWDGATHER,
INC. ANNOUNCES corporate update; intention to enter crowdfunding space in 2016

 

•        
CrowdGather.com to serve as crowdfunding
portal for cannabis and digital startups

•        
CrowdGather seeks to expand
cannabis digital holdings beyond WeedTracker.com

•        
Company anticipates continued
strong revenue performance and reduced costs

 

Woodland Hills, CA. May 28, 2015 --- CrowdGather,
Inc. (OTCQB:CRWG), today announced a general corporate update in advance of the
Company's anticipated June 2015 financial results announcement for the fiscal
year ended April 30, 2015. The Company disclosed it will be designing a crowdfunding
platform focused on cannabis and digital startups which it hopes to launch on CrowdGather.com
in 2016. CrowdGather will also seek to expand its digital cannabis industry
related holdings beyond WeedTracker.com through both acquisitions as well as
internal development projects.

"We have been working on several initiatives and felt it
timely to share some of these with our shareholders in advance of what we
believe will continue to be strong revenue performance for the fiscal year
which just ended April 30, 2015," said Sanjay Sabnani, CrowdGather's Chairman
and CEO.  "As the performance of Mega Fame Social Casino and Slots continues to
drive an increase in our revenues, cost cutting measures have also started to
show effect. Our company is approaching breakeven on an operational basis
helped by increased revenues and decreased costs, but resources are tight and
obtaining financing to mitigate our short term debt remains our top priority.

Sabnani continued, "Despite the difficulties we have
encountered raising efficient and cost effective capital as an issuer on the
OTC markets, we had previously increased our forum business to record revenue
and traffic levels and then diverted a portion of our publishing assets to
focus on social gaming through the Plaor acquisition. Now that acquisition--
Mega Fame-- has more than doubled in revenues in the little over one year that
we have operated it, bringing us once again to a position of growing revenues
and improving margins.

 




"It has taken us seven years of being public to get to this
point, but now that we have survived complete cycles in two separate digital
businesses- publishing and gaming- we believe we have acquired the experience
to acquire, build, operate, and grow select digital business with a discipline
towards increased revenues. We intend to now take this expertise and focus it
on the digital cannabis vertical with an eye towards the future.  Through our
purchase of WeedTracker.com, an online community founded in 2005, we are
developing a digital cannabis portfolio. Thus far, we have decided to add our
popular hip hop lifestyle and entertainment community, RapMusic.com to the
cannabis group due to the high affinity between hip hop and cannabis culture.
We have also started to reach out to other site owners to seek acquisition
opportunities. We are working on a mobile app for WeedTracker targeting release
by the end of this year. On the gaming front, we intend to launch our first
cannabis themed gaming title, Weed in Hollywood sometime this summer.

"Perhaps the most exciting thing for us is the prospect of
launching CrowdGather.com as a crowdfunding portal under the new SEC guidelines
for startup issuers in 2016. Our focus will be to help cannabis and digital
startups raise funding from a large network of investors we hope to attract to CrowdGather.
I only wish something like what we are envisioning had existed for us when we
went public in 2008. Going forward, our business model will be quite simple,
while we drive revenues and earnings from our digital assets- sites, games, and
apps- we will use crowdfunding as our way of building a digital business
ecosystem for the future. In all cases, we will pursue legal and permissible
opportunities to give our shareholders an ever increasing exposure to the
growth of the cannabis sector as a vertical. We realize that crowdfunding can
be a competitive field, but we believe our online and social media experience
may give us some strategic advantages while our own struggles with funding will
definitely give us empathy for the startups we seek to help.

Concluding his remarks Sabnani said, "We are excited about
the future in a way we have not felt in a while, but our short term debt and
growth capital deficit issues both need to be addressed in order for us to
succeed. We remain optimistic that this will happen and that we will be given
what we need to grow this company to the heights it deserves."

 





About CrowdGather, Inc.

CrowdGather,
Inc. is an investor, acquirer, operator and owner of digital assets in the
consumer and cannabis sectors. In 2016, CrowdGather intends to launch a crowdfunding
portal at CrowdGather to assist cannabis
and digital startups in procuring financing. The Company's online publishing
network is anchored by DIY community builder, Yuku
while its cannabis holdings include long standing online communities WeedTracker and RapMusic.



CrowdGather
subsidiary, Plaor, a company that
specializes in developing highly
scalable multi-platform games, is located in Boston's 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 newcomers and 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.



###



For additional information, please contact:

Investor
Contact:   Sanjay Sabnani

              
                Phone: 818-435-2472 x 101

               
               Email: sanjay@crowdgather.com

		
			
				

					

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