SCOTTSDALE, AZ — (Marketwired) — 02/16/16 — Snoogoo Corp. (OTCBB: SGOO) has signed a Letter Of Intent (LOI) with iSparked West to provide, on a best efforts basis, staged funding to expand operations and marketing efforts. The first tranche of funding efforts will kick off as of the trade date February 16, 2016.
Snoogoo Corp. launched its common information platform designed to provide the most popular search, save and sharing technology in a unified interface in 2015. Registered users regularly visit snoogoo.com for research, collaboration and to share many different types of content with others. Snoogoo also provides an internal messaging system that allows for contact and interaction between individuals and groups, and like other common information networks that allow users to pin or post items, Snoogoo gives individuals the ability to post public clips, which can be rated, commented on and shared.
The funding will be used by the Company to further develop its technology and to launch the next stage of its platform designed around reaching the majority of the mobile online audience.
Upon completion of the first tranche of funding being received, Snoogoo Corp. management anticipates that a principal of iSparked West will join the Board as a Director of the Company.
Recently established, iSparked West LLC is a privately held company based in Los Angeles, California that provides consultation, funding, and marketing support services to early stage companies with growth potential. iSparked West assists unique technology companies that demonstrate leading and disruptive technologies with funding and management consultation services.
Snoogoo Corp. owns and operates a platform designed to allow individuals and groups to search, save and share a wide variety of digital information online. Snoogoo taps into organic content archived on Snoogoo, search engines, video, audio and image resources, as well as social media and reference sources in a single intelligent interface. Snoogoo has broad appeal for people in all walks of life as a powerful research tool, for general information gathering and sharing, in education, for shopping, and as a social portal that focuses users– interests and helps to organize their digital life.
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Except for historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company–s operations, markets, products and prices as well as other factors, including raising additional funding and other factors addressed in the company–s filings with the Securities and Exchange Commission. For all such forward-looking statements, we claim the safe harbor for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company disclaims any obligation to update any forward-looking statement made herein.
Contact:
Snoogoo Corp.
Media Contact:
Len Braumberger
1-800-234-3919
Investor Relations Contact:
1-800-234-3919
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