PEABODY, MA - (NewMediaWire) - September 14, 2015 - Peer to Peer Network (OTC PINK: PTOP) has completed the acquisition of Code2Action Inc.'s C2A MobiCard mobile business card technology platform and sale of the Psychic Friends Network. The Company has acquired the intellectual property of the C2A MobiCard Platform www.freemobicard.com, including but not limited to all software code, websites, domain names, pending patent and trademark, advertising and re-seller contracts, subscriptions, social media accounts and goodwill. As a result, the convertible Note holdings in Peer to Peer Network owned by Code2Action Inc. and its shareholders issued on 5/29/2015 per the terms of the Strategic Expansion Agreement has increased from 75% to 90% accordingly. Code2Action Inc. will retain its core business, a complete mobile marketing solution www.code2action.com, and will continue that business as a privately held Delaware Corporation.
The C2A MobiCard platform, a cloud-based mobile business card solution, is part of a global paradigm shift from paperless to digital that combines the power of social media sharing with text/SMS and e-mail marketing for business professionals and enterprises. A user can custom create their mobile business card to include a company logo, profile photo, contact details, website, audio messaging, social media links and multi-media content such as power points, video demos and preferred vendor deals and discounts in the form of sharable mobile coupons. The platform sharing and alert system enables users to share their card via text/sms, e-mail, and social media sites including Facebook, Twitter, LinkedIn, Google+ and Pinterest. The system provides the user instant text alerts when their card is opened or shared to third party referrals, all while building a time stamped database of new contact leads.
The Company has also completed the sale of all assets in the Psychic Friends Network intellectual properties, including but not limited to the PFN Trademark, copyrights, patents, trade secrets, website, domain names and goodwill through a bidding process that was initiated on August 12, 2015 and completed on August 31, 2015, in which a final bid of $17,000 was accepted by the Company the following day.
ABOUT Peer to Peer Network
Peer to Peer Network ("PTOP") is a holding company of innovative peer-to-peer ventures focused on broad-based marketing providing peer-to-peer services focused on adding value for users. Its primary asset is a cloud based SaaS mobile technology solution branded C2A MobiCard, a powerful mobile business card software platform that enables users to create, share, track and analyze leads and referrals in real time. Visit http://www.freemobicard.com
Safe Harbor Statement
Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
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