CHARLOTTE, NC — (Marketwire) — 07/15/11 — . (“Digagogo”) (OTCBB: DOGO) (PINKSHEETS: DOGO), a provider of information and communications technology, is pleased to announce that it completed the acquisition of the software from Blackswan Inventions Inc. (“Blackswan”).
On July 6, 2011, , through its wholly owned subsidiary, (“Impact”), closed on an asset purchase agreement with Blackswan, whereby it acquired all of Blackswan-s assets and intellectual property pertaining to the DogoSearch software technology, in exchange for $500,000 cash and 1,000,000 shares of Digagogo-s common stock.
Chief Technology Officer, Kenneth Williams, commented on the recent development, “The acquisition of Blackswan will allow Digagogo to integrate DogoSearch real-time web-search into our product. DogoNet members will be able to search and find time-sensitive information as it is produced online with no delay, allowing for fast, accurate and relevant query results. With Google-s suspension of their real-time search in conjunction with Twitter, the timing couldn-t be better for Digagogo to enter the field.”
About :
DogoSearch is a real-time search engine, integrated into Digagogo-s DogoNet product. DogoSearch is a live, searchable directory of business information that will enable any member in the community to find time-sensitive, local information and events regarding product sales, specials and promotions.
About .:
The Company is developing a digital sales and distribution network designed to connect households together and enable individuals to buy or sell items within a local community. The Company believes that this can be achieved by harnessing the power of local group buying and instantaneous knowledge of supply and demand within that community.
Forward-Looking Statements:
Statements in this press release may be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “optimizing,” “potential,” “anticipate,” “goal,” “intend” and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company-s business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward- looking statements due to numerous factors, including those described above and those risks discussed from time to time in Digagogo filings with the Securities and Exchange Commission.
Contact:
Digagogo Ventures Corp.
Investor Relations
US – 1 800 249 7621
UK – +44 020 3004 8076
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