LAS VEGAS, NV--(Marketwired - May 27, 2014) - Cubed, Inc. (OTCQB: CRPT), the pioneer of the first, fully functional, three-dimensional mobile display cube application, the Get CUBED™ mobile-first platform, on May 22, 2014 entered into a Share Exchange Agreement (the "Agreement") with WikiTechnologies, Inc., a Delaware corporation ("Wiki"). Under the Agreement, subject to certain conditions, the Company will acquire all of the issued and outstanding common stock of Wiki.
WikiTechnologies is a company dedicated to making financial transactions simple, secure, social and affordable. Cubed intends to fully integrate the two WikiTechnologies' platforms, WikiPay and WikiLoan, into its Cube product offering in order to enhance its use in mobile monetary transactions.
WikiTechnologies' principal product, WikiPay, a Money Services Business, is a simple, low-cost alternative to existing mobile and online merchant payment solutions. WikiPay provides merchant payment and money transfer services on a Business-to-Consumer, Consumer-to- Consumer, Consumer-to-Business and Business-to-Business basis through its website www.wikipay.com, mobile website, m.wikipay.com, SMS, and Facebook in 49 U.S. States and 60 countries around the globe.
WikiLoan is a peer-to-peer lending platform that works through the participation and collaboration of family and friends through social networks. The company's website, www.wikiloan.com, provides repayment schedules and documentation for loans, along with proprietary administrative tools, which enable users to securely pull credit reports and automate the loan repayment process.
"We're ecstatic about our planned acquisition of WikiTechnologies, as it marks a very important milestone in the execution of our business plan," stated Joseph White, CEO, Cubed, Inc.. "Wiki's WikiPay payment and money transfer platform will become our native merchant service, allowing all Cubers to transact mobile commerce seamlessly, without the onerous fees and red tape associated with third party providers. This addition lays the groundwork for a series of logical steps toward our ultimate goal of leveraging worldwide mobile access to democratize opportunity one cube, one business and one community at a time."
"Cubed's platform bridges the online and offline world in a way which is transformative to how consumers and businesses interact," added Ted DeFeudis, CEO of WikiTechnologies, Inc. "Our technology enables Cubed users to transact with businesses both large and small in a simple and efficient way, and we're excited to be an integral part of the Cubed movement."
About Cubed, Inc.
Cubed, Inc. is a Nevada corporation which recently acquired certain Intellectual Property related to the Get CUBED™ mobile-first platform. The Get CUBED™ mobile-first platform is a three-dimensional functional cube that appears on the screens of mobile device owners, allowing developers and users to present complex and contextual concepts in a clear and simple manner. The Cube is thus a canvas designed to foster creativity and improve communication in today's mobile-first world. Emphasizing clarity over clutter, Get CUBED provides businesses, charities, thumbloggers™ and other subscribers of this new mobile app with a simpler way to organize the central forms of human expression - audio, video, image and text- and then pass them along to others in a single compelling platform. Cube Users share information, market their products and services, and promote their ideas, among other things, all in a manner that is vastly more compelling and concise than ever available in the mobile space before the Cube.
The Company's principal offices are located at 830 South 4th St., Las Vegas, Nevada 89101. Web domain: www.getcubed.com.
The Company is a fully-reporting public company incorporated in the state of Nevada and trading on the Over-the-Counter Bulletin Board in the US (OTCQB: CRPT).
For further information please visit www.GETCUBED.com
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those identified under "Risk Factors" in the Company's most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q and in other filings made with the Securities Exchange Commission. Actual results may differ materially from those contemplated by these forward-looking statements and the Company does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date of this press release.