SOURCE: Riverdale Capital Ltd.

September 03, 2009 09:00 ET

Riverdale Capital Ltd. Acquires Internet Properties Group Inc.

LOS ANGELES, CA--(Marketwire - September 3, 2009) - Riverdale Capital Ltd. (PINKSHEETS: RICP) announced today it has acquired Internet Properties Group, Inc. ("IPG"), a company based in Los Angeles, California.

"This initial acquisition for Riverdale Capital further validates our business strategy of acquiring solid, revenue generating Internet companies," stated Phil Kueber, Chief Executive Officer of the Company, "and our web-based proprietary marketing gives us room for considerable revenue growth with this acquisition."

Internet Properties Group, Inc. has an established presence in selling online software and services. Its principal business is through the ownership and operation of the websites www.blogpromotionsoftware.com and www.seopainter.com. In addition, IPG has several web-based services in development which will be available for launch later this year.

IPG is currently operating the websites www.blogpromotionsoftware.com and www.seopainter.com. These websites each sell a software package, which is available for download for $99.00 and $129.00 respectively.

Blog Promotion Software allows blog owners (bloggers) to spend more time developing their blogs and less time trying to promote their blog. The fully integrated software suite seamlessly takes care of all blog promotion needs while minimizing effort spent on blog promotion. Utilizing this software enables bloggers to maximize blog exposure and increase daily readership.

SEOpainter.com provides SEO (search engine optimization) software. SEO software allows website owners and Internet marketers to improve the volume and quality of traffic to a web site from search engines via "natural" ("organic" or "algorithmic") search results. SEOpainter software will save website owners and operators a lot of money and a lot of time. It pays for itself the very first time a user optimizes their webpage.

IPG derives its revenue from charging a purchase price to directly download its blog promotion software and SEO software.

Riverdale Capital Ltd. is a company specializing in the acquisition, development, and sale of software and web-based services through revenue generating internet websites.

Forward-Looking Statements

This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Forward-looking statements involve risks and uncertainties. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the Company to be different from those expressed or implied. Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements.

Contact Information

  • Contact:
    Phil Kueber
    Riverdale Capital
    323.556.0726