Contact Information: Contact: Phil Kueber Riverdale Capital 323.556.0726
Riverdale Capital Ltd. Acquires Internet Properties Group Inc.
| Source: Riverdale Capital Ltd.
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.