Digagogo Ventures Corp. Signs a Letter of Intent for the Acquisition of Swebby, a Versatile Software Platform
April 27 2011 - 8:00AM
Marketwired
Digagogo Ventures Corp. (OTCQB: DOGO) is in the process of building
the technical foundation to digitally connect households; enable
individuals to promote family values, and buy or sell items online
via private social networks. Digagogo Ventures Corp. is pleased to
announce that they have signed a Letter of Intent (the "Letter of
Intent") for the acquisition of Swebby Inc. ("Swebby"). Pursuant to
the Letter of Intent, the Company shall acquire one hundred percent
(100%) of Swebby's issued and outstanding shares. Swebby's business
is based on a platform (the "Swebby Platform") located on
Swebby.com. The Swebby Platform is a web site publishing tool,
which is capable of hosting a large number of individual web sites.
The Swebby Platform distinguishes itself from its competitors based
on functionality and its ability to allow users to focus on
contents rather than layout or design of the web site.
Digagogo, through both its DOGONET product and the Swebby
platform will have the ability to empower every household with a
virtual portal, which contains cutting edge features. This
customizable virtual portal has the potential to give households
the ability to buy, sell, share, promote family values, earn extra
household income, and provide leveraged buying power. The virtual
portal is user friendly, and offers a high degree of security,
confidentiality and privacy.
Digagogo CEO, Fernando Londe, has commented on Digagogo and the Swebby
platform:
"The acquisition of this software technology would help expedite
Digagogo's development and the timeliness of our product's delivery
to market. Our goal is to empower every household on the planet
with their own virtual portal that is equipped with a unique suite
of features. We will continue to expand our business throughout
North America and the world and deliver a product that will
revolutionize the way people use the Internet."
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.
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Investor Relations Email Contact 1 800 249 7621 +44 020 3004
8076 www.digagogo.net
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