PR from this morning. Keep watching this IMO. I have a feeling groups are coming to run this one.
Thrive World Wide, Inc. Signs Letter of Intent with INTECH Creative
Thrive World Wide, Inc. (OTCQB: TWWI.PK) (Pinksheets: TWWI.PK) announced today that it has entered into a Letter of Intent to acquire INTECH Creative, LLC. The terms have not been disclosed. INTECH Creative LLC is a software development company, with its software development studio located in Jayanagar, Bangalore INDIA, and its preferred third-party subcontract office located in West Bengal INDIA.
INTECH will develop, manage and support the overall IT requirements of Thrive Worldwide, provide all technology-related requirements for Thrive projects company-wide, and develop its own slate of newly-authored proprietary website/mobile software products: this will include a web/mobile application to enhance and integrate with the already vibrant online Events/Tickets marketplace, and followed by a web/mobile administration system to better serve the online publishing work-business cycle. Additional products are slated for the online smart radio, commercial ground freight, and third-party services marketplaces. The company will simultaneously expand its workshop -- and sales efforts -- to generate work-for-hire revenue from third-party clients worldwide.
Bruce Dugan, CEO of Thrive World Wide, Inc., noted that "This is the first of several planned moves intended to build a low-burn-rate-high-output model. We believe this will provide us with ability to aggressively compete in the marketplace and achieve our short-term goal of becoming self-sustaining by the end of the year."
About Thrive World Wide, Inc.
Thrive World Wide, Inc. ("Thrive") is a web-centric multimedia company. Through its wholly owned subsidiary DailyHotDeal, it has been engaged in the "Deal of the Day" business. For more information, visit http://thriveworldwide.com/
This news release may contain certain "forward-looking statements" within the meaning of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Thrive World Wide, Inc. are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed under the heading "Risk Factors" and elsewhere in documents filed from time to time with the United States Securities and Exchange Commission and other regulatory authorities.