SOURCE: Digagogo Ventures Corp.

Digagogo Ventures Corp.

May 16, 2011 08:00 ET

Digagogo Ventures Corp. Has Engaged RwE Growth Partners, Inc. to Complete Appraisal Report and Independent Due Diligence

CHARLOTTE, NC--(Marketwire - May 16, 2011) - Digagogo Ventures Corp. ("Digagogo") (OTCQB: DOGO) is presently building a technical and business foundation to digitally connect households and enable individuals to promote family values as well as be able to easily buy or sell items online via private social networks. In this regard, Digagogo is pleased to announce that in order to independently substantiate the Company's acquisition of Swebby, Inc. ("Swebby" or the "Company") it has engaged RwE Growth Partners, Inc. ("RwE") to complete an Appraisal and conduct due diligence as it relates to Digagogo's announced letter of intent and planned acquisition of the Company on April 27, 2011.

RwE Growth Partners, Inc. Principal, Mr. Richard W Evans, MBA, CBV, ASA noted:

"Over the past twenty years I have conducted and managed more than 1,000 business valuations, business assessments, business plans and research for technology and industrial companies. In conducting this engagement we will apply our technical analysis methodologies and expertise to provide conclusions as to the value of Swebby and its underlying intangible assets (i.e., its software and intellectual property)."

Digagogo CEO, Mr. Fernando Londe, commented on engaging RwE Growth Partners, Inc.:

"This Appraisal and due diligence is very important for Digagogo Ventures Corp. and all our stakeholders. It is very clear that we have chosen a professional firm with the technical expertise that can assist Digagogo in properly assessing Swebby and its assets. I look forward to a long lasting business relationship. Digagogo has a vision, focus and plan which needs the insight of professional firms like RwE as we continue to the build shareholder value."

About RwE Growth Partners, Inc.

RwE has technical and financial expertise with a specialized group of seasoned professionals that provide international clients' strategic and tactical assurance and advisory financial services. With extensive high technology industry, management and executive experience, RwE has assisted numerous clients with introductions and access to private and public capital markets; with various levels of assurance services (i.e., valuations, fairness opinions, purchase price allocation and goodwill impairment testing); and with providing business plans, market intelligence and research to independently assess corporate market and business challenges and risk as well as recommend actions to maximize growth. The fee established for the engagement to conduct the Appraisal and the due diligence is not contingent upon any proposed transactions or other opinions presented. The fee charged is fixed for the Appraisal and due diligence.

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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