Digagogo Ventures Corp. Has Engaged RwE Growth Partners, Inc. to Complete Appraisal Report and Independent Due Diligence
16 May 2011 - 10:00PM
Marketwired
Digagogo Ventures Corp. ("Digagogo") (OTCQB: DOGO) is presently
building a technical and business foundation to digitally connect
households and enable individuals to promote family values as well
as be able to easily buy or sell items online via private social
networks. In this regard, Digagogo is pleased to announce that in
order to independently substantiate the Company's acquisition of
Swebby, Inc. ("Swebby" or the "Company") it has engaged RwE Growth
Partners, Inc. ("RwE") to complete an Appraisal and conduct due
diligence as it relates to Digagogo's announced letter of intent
and planned acquisition of the Company on April 27, 2011.
RwE Growth Partners, Inc. Principal, Mr. Richard W Evans, MBA,
CBV, ASA noted:
"Over the past twenty years I have conducted and managed more
than 1,000 business valuations, business assessments, business
plans and research for technology and industrial companies. In
conducting this engagement we will apply our technical analysis
methodologies and expertise to provide conclusions as to the value
of Swebby and its underlying intangible assets (i.e., its software
and intellectual property)."
Digagogo CEO, Mr. Fernando Londe, commented on engaging RwE
Growth Partners, Inc.:
"This Appraisal and due diligence is very important for Digagogo
Ventures Corp. and all our stakeholders. It is very clear that we
have chosen a professional firm with the technical expertise that
can assist Digagogo in properly assessing Swebby and its assets. I
look forward to a long lasting business relationship. Digagogo has
a vision, focus and plan which needs the insight of professional
firms like RwE as we continue to the build shareholder value."
About RwE Growth Partners, Inc.
RwE has technical and financial expertise with a specialized
group of seasoned professionals that provide international clients'
strategic and tactical assurance and advisory financial services.
With extensive high technology industry, management and executive
experience, RwE has assisted numerous clients with introductions
and access to private and public capital markets; with various
levels of assurance services (i.e., valuations, fairness opinions,
purchase price allocation and goodwill impairment testing); and
with providing business plans, market intelligence and research to
independently assess corporate market and business challenges and
risk as well as recommend actions to maximize growth. The fee
established for the engagement to conduct the Appraisal and the due
diligence is not contingent upon any proposed transactions or other
opinions presented. The fee charged is fixed for the Appraisal and
due diligence.
About Digagogo Ventures Corp.:
The Company is developing a digital sales and distribution
network designed to connect households together and enable
individuals to buy or sell items within a local community. The
Company believes that this can be achieved by harnessing the power
of local group buying and instantaneous knowledge of supply and
demand within that community.
Forward-Looking Statements:
Statements in this press release may be "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Words such as "optimizing," "potential,"
"anticipate," "goal," "intend" and similar expressions, as they
relate to the company or its management, identify forward-looking
statements. These statements are based on current expectations,
estimates and projections about the company's business based, in
part, on assumptions made by management. These statements are not
guarantees of future performance and involve risks, uncertainties
and assumptions that are difficult to predict. Actual outcomes and
results may, and probably will, differ materially from what is
expressed or forecasted in such forward-looking statements due to
numerous factors, including those described above and those risks
discussed from time to time in Digagogo filings with the Securities
and Exchange Commission.
Contact: Investor Relations Email Contact US - 1 800 249 7621 UK
- +44 020 3004 8076 www.digagogo.net
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