SOURCE: Cascadia Investments, Inc.

Cascadia Investments, Inc.

January 20, 2010 07:00 ET

Cascadia Investments Signs Exclusive Licensing Agreement

TACOMA, WA--(Marketwire - January 20, 2010) - Cascadia Investments, Inc. (PINKSHEETS: CDIV) announced today that it has entered into an exclusive licensing agreement with Impulse Communications, Inc. to manage and develop a Facebook application featuring their brand AdoptMe.com.

AdoptMe.com is a virtual pet site where users adopt and interact with virtual pets. Cascadia plans to overhaul the current Facebook application as well as aggressively market it. The application will be monetized with incentive ads that reward users with game credits. The credits can then be used to purchase food, clothing, in-game items, and much more. In addition, users can also pay for these upgrades. Revenues from the application will be split equally between Cascadia and Impulse.

According to President and C.E.O. Nazir Maherali, this joint venture in conjunction with Cascadia's recent acquisition of CustomFlashGames.com will allow us to create a series of AdoptMe themed games for the AdoptMe app as well as a series of related Flash-based Facebook applications, each launched independently of the other.

Impulse operates over 300 websites and 9,000 domain names that generate income from advertising, ecommerce, and domain name sales.

Cascadia Investments, Inc. (PINKSHEETS: CDIV) is a publicly traded, internet development company operating in the Pacific Northwest. 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.

Contact Information

  • Contact:
    Casacadia Investments, Inc.
    253-383-7194