SOURCE: Pitooey!, Inc

June 01, 2015 08:00 ET

PTOO Announces the Completion and Official Retirement of 30,178,472 Shares of Its Company Common Stock

PHOENIX, AZ--(Marketwired - June 01, 2015) - PITOOEY!, ™ Inc. (OTC PINK: PTOO), a technology and software development company that monitors cyber bullying and social media platforms through its artificial intelligent proprietary web-based application, announce today it has officially retired 30,178,472 shares of the company's common stock. The company feels that the retirement of these 30,178,472 shares will help increase shareholder value, market valuation and better structure the company to move forward with its plans and goals.

As previously announced in a press release on May 6, 2015, PTOO stated it planned on retiring a total of 30,000,000 shares of PTOO common stock by May 31, 2015 which would reduce the total outstanding common shares by roughly 23%. Well it is official and the PTOO is excited to announce that as of May 11, 2015 the company has officially retired 30,178,472 shares of the company's common stock back to its treasury.

The details are as follows: PTOO retired 3,442,200 back to its treasury on 05/06/15 and PTOO retired 26,736,272 back to its treasury on 05/11/15 (a total of 30,178,472 shares).

PTOO CEO, Jacob DiMartino stated, "We're committed to positioning PTOO into a significant web/technology-based company focused on developing and exploiting the safeguarding of our children using the internet and social media. The retirement of these common shares back into the company treasury is just one of many great things to come as I help lead this company into a transition of rapid growth. I feel this is just the beginning platform for many future opportunities to come. We anticipate additional announcements near term which will include new ventures, partners and the development of key components of our RAADR© business."

"RAADR© is positioned to be the next leading artificial intelligent web-based application that provides a portal to assist parents and responsible adults in safeguarding that their children and / or child's virtual and social media (comprised of countless hours each day) is a safe and responsible one."

RAADR©, PTOO's artificial intelligent proprietary web-based technology application, monitors cyber bullying and social media platforms like Facebook and Twitter. RAADR© is wholly owned by PTOO and PTOO feels RAADR© is positioned to be the next leading artificial intelligent web-based application that provides a portal to assist parents and responsible adults in safeguarding that their children and / or child's virtual and social media (comprised of countless hours each day) is a safe and responsible one. PTOO looks forward to growing and building its RAADR© subscriber base, members and revenue stream. PTOO desires to offer RAADR© service plans to consumers by providing identity social media monitoring tools through its web-based technology application RAADR© with the RAADR© Family Monitoring network.

The technology used to power the RAADR© platform enhances parent's ability to stay ahead of the changing social media landscape but also offers a window of insight as to what they should know about their child's online activity. Because of the ever changing nature of social media and online search algorithms, this type of service is expected to continue to increase substantially in necessity as more and more parents understand the benefits of knowing what their children are doing online. The RAADR© platform is being built in a way that starting early 2016, other companies and platforms will be able to access and use special API's to better grow their own networks and platforms. The company feels this will help add significant market valuation and revenue stream potential because of these technology advancement. The company plans to start this with select partnerships but will contribute greatly to the growth of the RAADR© platform and the data flowing into and through it.

With so much of online posts being photo and video based, RAADR© facial recognition and detection ability will prove key to helping parents find photos of their children online that they may not have been aware and that their kids may not have wanted shared. Unfortunately, many children send pictures to their friends which eventually lead to them being posted somewhere. Since there are new websites popping up every day, it's impossible to stay on top of where these pictures might be posted. RAADR© will help ensure that someone is keeping an eye out for unwanted pictures online. The new RAADR© app's focus is broad-based, but provides a specific and meaningful download of information regarding exposure to inappropriate materials (i.e. pornography), association with inappropriate parties (i.e. predatory adults), peer abuse (i.e. bullying and attacks on self-esteem), exposure to illegal substances and/or alcohol, or general anti-social behavior that could harm individuals, their peers, support groups, and their adult mentor(s). RAADR© identifies potential circumstances and situations in which your child could be led astray or faced with harm. Unlike other social mention apps, RAADR© does not presume adversity; it builds collaboration and trust with your child -- and, RAADR© is focused as much on your child's protection as it is on your child's exploits. It also provides parents the comfort of knowing that their children are not the ones imposing the abuse.

PTOO plans on aggressively pursuing its business strategy to grow its wholly owned artificial intelligent RAADR© application, a web-based platform designed for parents and guardians to monitor children's social media and online activity. PTOO plans on keeping the market and its shareholders fully abreast of current and ongoing events moving forward. It feels it's very important in today's market to remain transparent with its shareholders. The company is committed to positioning PTOO and RAADR© as a significant web/technology-based company focused on developing and exploiting the safeguarding of our children using the internet and social media.

About PITOOEY! INC. (PTOO): PTOO is a technology and software development company that monitors cyber bullying and social media platforms through RAADR©, its wholly owned artificial intelligent proprietary web-based application. What is RAADR©? As the digital world of the 21st Century continues to evolve, parents, guardians, and children are faced with challenges and threats not just in the real world, but in the omnipresent realm of Social Media as well. PTOO, makers of the artificial intelligent proprietary technology application RAADR©, have developed a web based tool that provides families with peace of mind when it comes to knowing that children are safe from bullying and predatory behavior unfortunately so prevalent today. By customizing their own unique monitoring and alert settings, parents and guardians can be alerted when their children's Facebook, Twitter, Instagram and other pertinent social media platforms under scrutiny become posted with inappropriate language. By utilizing customized keywords chosen by the user that are added to an already existing database, parents and guardians can carry a sense of assuredness that the youth they love and are responsible for are safe and acting in a fun, yet appropriate manner. No parent or guardian has the time or resources to be in constant surveillance of all the Social Media platforms in which their children might be active. Nor do most children want intense scrutiny of their updates and postings, despite the best intentions. You want to trust your children, while at the same time knowing that you are protecting them. RAADR© gives families the ability to protect their image, combat erroneous postings and for individuals safeguard their children from online bullying. PTOO, makers of the proprietary technology application RAADR©, is a software development and mobile application developer formed in late 2012. The Company's core competency is focused on building and acquiring apps and other products, services and companies to build a nationwide network of related businesses that are positioned to serve the mobile app development needs of small businesses and individuals. Read more at: http://www.raadr.com/about-us

Safe Harbor: This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief, or current expectations of PITOOEY!, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond PITOOEY!, Inc.'s ability to control and their actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in PITOOEY!, Inc.'s filings with the Securities and Exchange Commission.

Contact Information

  • Contact:
    PITOOEY!, Inc. (RAADR©)
    Jacob DiMartino
    CEO/Chairman
    Investor Relations:
    (480) 755-0591
    Email: jdimartino@pitooey.com