BEBUZEE, INC. (OTC
Pink: ENGA) ANNOUNCES PRIVATE PLACEMENT OFFERING OF UP TO $10
MILLION OF COMMON STOCK
Contemplated Sale Of
Restricted Shares Will Enable Company To Have Sufficient Capital As
It Seeks To Become Hi-Profile Global Social Media
Platform
MIAMI, FL -- April 14,
2022 -- InvestorsHub NewsWire -- The executive management of
Bebuzee, Inc. (OTC
Pink: ENGA) announced today that the company intends to offer,
subject to market conditions and other factors, up to $10 million
of its common stock in a private placement made subject to the
exemption from registration provided for by Rule 506(c) of the
Securities Act of 1933, as amended (the "Offering").
"Raising this much needed
capital in the proposed offering will allow Bebuzee to meet a
number of its core operational objectives," stated Joseph Onyero,
Chief Executive Officer of Bebuzee, Inc. "Competition in the social
media space is intense and having the needed capital to fully offer
and market our unique value proposition is essential," he
continued. Bebuzee intends to use the net proceeds from the
Offering for general corporate purposes, including working capital,
operating expenses, capital expenditures, and to pay for the
further development of the company's social media
platform.
This press release is not
an offer to sell and is not soliciting an offer to buy any
securities, nor will it constitute an offer, solicitation, or sale
of the securities in any jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to the registration
or qualification under the securities laws of any such
jurisdiction.
Bebuzee, Inc. (OTC
Pink: ENGA)
Based in Miami, Florida,
Bebuzee, Inc. offers a unique, proprietary video-sharing platform
and streaming service that allows our members to watch a wide
variety of content such as movies, series, documentaries and talk
shows on any internet-connected device. Bebuzee's technology scans
the world's news, features and information flow to give its
dedicated readers the best of the Internet in one place. A one-stop
platform for breaking news, interesting and important blogs,
videos, and photos. Bebuzee offers an addictive resource for those
millions of people without time to scavenge the Internet and other
sources for news and information. Bebuzee's latest investor pitch
deck may be found at: https://www.bebuzeegroup.com/brochure.
This press release
contains forward-looking statements within the meaning of Section
27A of the Securities Act and Section 21E of the Securities
Exchange Act of 1934, as amended, about Bebuzee, Inc. and the
company's industry that involve substantial risks and
uncertainties. All statements other than statements of historical
facts contained in this press release, including statements
regarding the proposed terms of the shares, the completion, timing,
and size of the proposed offering of the shares, and the
anticipated use of the net proceeds from the proposed offering of
the shares are forward-looking statements. In some cases, you can
identify forward-looking statements because they contain words such
as "anticipate," "believe," "contemplate," "continue," "could,"
"estimate," "expect," "going to," "intend," "may," "plan,"
"potential," "predict," "project," "should," "target," "will," or
"would" or the negative of these words or other similar terms or
expressions. Snap cautions you that the foregoing may not include
all of the forward-looking statements made in this press
release.
You should not rely on
forward-looking statements as predictions of future events. Bebuzee
has based the forward-looking statements contained in this press
release primarily on its current expectations and projections about
future events and trends, including its financial outlook and the
ongoing COVID-19 pandemic, that it believes may affect the
company's business, financial condition, results of operations, and
prospects. These forward-looking statements are subject to risks
and uncertainties related to: Bebuzee's financial performance; the
lack of historical profitability; the ability to generate and
sustain positive cash flow; the ability to attract and retain
users, publishers, and advertisers; competition and new market
entrants; managing Bebuzee's international expansion and growth and
future expenses; compliance with new laws, regulations, and
executive actions; the ability to maintain, protect, and enhance
Bebuzee's intellectual property; the ability to succeed in existing
and new market segments; the ability to attract and retain
qualified and key personnel; the ability to repay outstanding debt;
future acquisitions, divestitures or investments; and the potential
adverse impact of climate change, natural disasters, and health
epidemics, as well as risks, uncertainties. In addition, any
forward-looking statements contained in this press release are
based on assumptions that Bebuzee believes to be reasonable as of
this date. Bebuzee undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after
the date of this press release or to reflect new information or the
occurrence of unanticipated events, except as required by
law.
Contact:
Bebuzee,
Inc.
www.Bebuzee.com
pr@bebuzee.com