Cascadia Investments, Inc. Announces Acquisition of Gaming Apps
March 11 2010 - 9:15AM
Marketwired
Cascadia Investments, Inc. (PINKSHEETS: CDIV) announced today that
it has entered into a contract to purchase eighteen games
applications. These games are developed on the Apple iPhone
platform and are currently available for download from the apple
store. This transaction is expected to close by the end of this
month at which time the company will release additional
information.
According to mobile advertising website AdMob.com, "There is
some $200 million worth of applications sold in Apple's iPhone
store every month, approximately $2.4 billion a year."
The company also announced that it has amicably ended its
relationship with one of its development partners, with whom it
owned several websites. In order to move forward with its business
affairs the company has retained a hundred percent interest in the
following sites tinytwirp.com, audiopickups.com, ticktweet.com and
phace.mobi.
Now that the company has full control of these sites, the
management will review the current portfolio and then they will
redesign and market these sites aggressively. The company is
looking to develop and acquire more web/mobile based businesses as
it moves forward in 2010
Cascadia Investments, Inc. (PINKSHEETS: CDIV) is a publicly
traded company operating in the Pacific Northwest that focuses on
developing and/or acquiring cutting-edge Internet businesses. The
company's principal objective is to create equity and long-term
earnings growth through the acquisition and development of its
social media, gaming and other web based business.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information, the
forward-looking matters discussed in this news release are subject
to certain risks and uncertainties which could cause the Company's
actual results and financial condition to differ materially from
those anticipated by the forward-looking statements including, but
not limited to, the Company's liquidity and the ability to obtain
financing, the timing of regulatory approvals, uncertainties
related to corporate partners or third-parties, product liability,
the dependence on third parties for manufacturing and marketing,
patent risk, copyright risk, competition, and the early stage of
products being marketed or under development, as well as other
risks indicated from time to time in the Company's filings with the
Securities and Exchange Commission. The Company assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events. All trademarks and
copyrights remain the property of their respective owners and no
association is express or implied
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Cascadia Investments, Inc. Tel: 253-383-7194
Cascadia Investments (PK) (USOTC:CDIV)
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