Cascadia Investments Signs Exclusive Licensing Agreement
20 January 2010 - 11:00PM
Marketwired
Cascadia Investments, Inc. (PINKSHEETS: CDIV) announced today that
it has entered into an exclusive licensing agreement with Impulse
Communications, Inc. to manage and develop a Facebook application
featuring their brand AdoptMe.com.
AdoptMe.com is a virtual pet site where users adopt and interact
with virtual pets. Cascadia plans to overhaul the current Facebook
application as well as aggressively market it. The application will
be monetized with incentive ads that reward users with game
credits. The credits can then be used to purchase food, clothing,
in-game items, and much more. In addition, users can also pay for
these upgrades. Revenues from the application will be split equally
between Cascadia and Impulse.
According to President and C.E.O. Nazir Maherali, this joint
venture in conjunction with Cascadia's recent acquisition of
CustomFlashGames.com will allow us to create a series of AdoptMe
themed games for the AdoptMe app as well as a series of related
Flash-based Facebook applications, each launched independently of
the other.
Impulse operates over 300 websites and 9,000 domain names that
generate income from advertising, ecommerce, and domain name
sales.
Cascadia Investments, Inc. (PINKSHEETS: CDIV) is a publicly
traded, internet development company operating in the Pacific
Northwest. The company's principal objective is to create equity
and long-term earnings growth through the acquisition and
development of its social media, gaming and other web based
business.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information, the forward
looking matters discussed in this news release are subject to
certain risks and uncertainties which could cause the Company's
actual results and financial condition to differ materially from
those anticipated by the Forward-looking statements including, but
not limited to, the Company's liquidity and the ability to obtain
financing, the timing of regulatory approvals, uncertainties
related to corporate partners or third-parties, product liability,
the dependence on third parties for manufacturing and marketing,
patent risk, copyright risk, competition, and the early stage of
products being marketed or under development, as well as other
risks indicated from time to time in the Company's filings with the
Securities and Exchange Commission. The Company assumes no
obligation to update or supplement forward-looking statements that
become untrue because of subsequent events.
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Contact: Casacadia Investments, Inc. 253-383-7194
Cascadia Investments (PK) (USOTC:CDIV)
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