CALABASAS, CA - (NewMediaWire) - August 13, 2015 - Specialty social media and gaming network, CrowdGather, Inc. (OTCQB: CRWG), today announced the acquisition of digital assets including the CouponsForWeed.com domain name and site as well as the CouponsForWeed mobile application.
"With the addition of CouponForWeed.com and the CouponsForWeed mobile application we are advancing our objective to build one of the best and most informative online cannabis platforms available, and continue to add to our holdings in the digital cannabis sector," said Sanjay Sabnani, Chairman and CEO of CrowdGather, Inc. "CouponsForWeed will be closely integrated with WeedTracker.com to attempt to add real value for both our online community members and, as we are able to develop them, our dispensary partners. Management believes the market is ready for revenue driving offerings especially when it comes to sites and apps that can help generate traffic to cannabis retailers and dispensaries."
About CrowdGather, Inc.
CrowdGather, Inc. is an investor, acquirer, operator and owner of digital assets in the consumer and cannabis sectors. In 2016, CrowdGather intends to launch a crowdfunding portal at CrowdGather to assist cannabis and digital startups in procuring financing. The Company's online publishing network is anchored by DIY community builder, Yuku, while its cannabis holdings include long standing online communities WeedTracker and RapMusic.
CrowdGather subsidiary, Plaor, a company that specializes in developing highly scalable multi-platform games, is located in Boston's Innovation District. Plaor produces Mega Fame Casino, an innovative and highly rated social casino available on iOS, Android & desktop.
This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company's business; general economic, industry and market sector conditions; the ability to generate increased revenues from the Company's forums and Plaor's social casino; the ability to obtain additional financing; the ability to manage the Company's growth; the ability to develop and market new technologies to respond to rapid technological changes; competitive factors in the market(s) in which the Company operates; and other events, factors and risks disclosed from time to time in the Company's filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
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