SOURCE: Bizzingo, Inc.

Bizzingo, Inc.

July 20, 2011 07:02 ET

Bizzingo, Inc. Looks to Expand Its Offering to Businesses by Signing a Letter of Intent to Merge With

FLEMINGTON, NJ--(Marketwire - Jul 20, 2011) - Bizzingo, Inc. ("Bizzingo") (OTCBB: BIZZ), and, Inc., a company engaged in reputation management and online marketing have signed a Letter of Intent (LOI) to confirm discussions concerning a merger or some other form of business arrangement between the two companies.

The combined services of both companies would include online marketing, reputation management, and a social network designed for businesses, positioning Bizzingo to help businesses connect, promote and protect their brands online.

D. Michael Flynn, CEO of states, "A possible merger with Bizzingo would allow the companies to better serve businesses with a complete online offering of services, from communicating a company's marketing message to protecting and building its brands."

Douglas Toth, Bizzingo's CEO, states, "Together, Bizzingo and IBG have the opportunity to immediately launch and grow a unique and powerful social networking company that caters to businesses. Our vision is to change the way businesses market, search, and interact on the web. The transaction under discussion with IBG would present a timely, and a strategic approach to bringing this vision to reality."

The LOI provides for reaching definitive agreements for a transaction by September 1, 2011. There is no assurance that any agreement will be reached or that a transaction will be consummated.

The combination of the two companies, subject to a definitive agreement, is intended to strengthen Bizzingo's business through the acquisition of in-house development and sales resources, along with a growing, proven revenue stream. Bizzingo's social media platform will be capable of providing major opportunities for businesses on the web, specifically: creating brand awareness; managing online reputation; recruiting; researching technologies and competitors, and generating leads for potential prospects.

About Bizzingo, Inc.

Bizzingo is a social media company that will provide businesses a means of introducing their product and/or service to a global network of business users by leveraging and expanding their brand and image, effectively communicating their marketing message to target audiences and facilitating the sale of products or services, while connecting all existing social media relationships together in a single online hub. It is being developed with the express purpose of using social networking as a utility for business to more effectively market, build customer interaction, and sell goods and services online.

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Safe Harbor for Forward-Looking Statements: 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 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.

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