SCOTTSDALE, AZ--(Marketwired - Sep 7, 2016) - Snoogoo Corp. (OTCBB: SGOO) has contracted Panopus Plc to provide, on a best efforts basis, a debt and equity placement to facilitate:
- The acquisition of an Australian business in the IoT (Internet of things) home and aged care automation and control device space looking to expand into the USA;
- Completion of the Snoogoo mobile app development for iOS and Android platforms;
- Implementation of specific sales, advertising and marketing plans to increase user trials, engagement and above the line revenue.
A Memorandum Of Understanding (MOU) has been signed with the Australian target company to acquire 50% of their issued capital. The MOU sets out the terms of the share purchase agreement. Panopus Plc is in discussion with a number of institutions to arrange the funding.
Snoogoo Corp. launched its common information platform to provide the most popular search, save and sharing technology of multimedia and website information in a unified interface in beta during 2015. Registered users visit snoogoo.com for research, collaboration and to share many different types of leading content with others. Snoogoo also provides for contact and interaction between individuals and groups, and allows users to post items from multiple search engines and leading web portals, blogs and social media. Snoogoo gives individuals the ability to post public clips, which can be rated, commented on and shared. This creates a powerful viral effect that propagates new users and user groups.
About Panopus Plc
Panopus Plc, an Investment Bank based in Hong Kong provides corporate advice, equity and debt raising services through private share placements, corporate bond issues, bank and private debt. Panopus has representatives in Hong Kong, London, Los Angeles, Vancouver and Melbourne.
About Snoogoo Corp.
Snoogoo Corp. owns and operates a platform designed to allow individuals and groups to search, save and share a wide variety of digital information online. Snoogoo taps into organic content archived on Snoogoo, search engines, video, audio and image resources, as well as social media and reference sources in a single intelligent interface. Snoogoo has broad appeal for people in all walks of life as a powerful research tool, for general information gathering and sharing, in education, for shopping, and as a social portal that focuses users' interests and helps to organize their digital life.
Safe Harbor for Forward Looking Statements:
Except for historical information contained herein, this press release contains forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices as well as other factors, including raising additional funding and other factors addressed in the company's filings with the Securities and Exchange Commission. For all such forward-looking statements, we claim the safe harbor for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company disclaims any obligation to update any forward-looking statement made herein.