Digagogo Acquires Real-Time Search Engine
15 Juli 2011 - 2:00PM
Marketwired
Digagogo Ventures Corp. ("Digagogo") (OTCBB: DOGO) (PINKSHEETS:
DOGO), a provider of information and communications technology, is
pleased to announce that it completed the acquisition of the
DogoSearch software from Blackswan Inventions Inc. ("Blackswan").
On July 6, 2011, Digagogo, through its wholly owned subsidiary,
Impact Technologies Inc. ("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.
Digagogo 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
DogoNet 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: 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 Digagogo Ventures Corp.: 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 Email
Contact US - 1 800 249 7621 UK - +44 020 3004 8076
www.digagogo.net
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