Insider Buying Alert: CrowdGather's CEO and Director pick up shares


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OTC:BB:crwg
01/16/2014 [ACCESSWIRE]

Insider Buying Alert: CrowdGather's CEO Picks Up 166,500 Shares

CrowdGather Inc. (OTC Markets: CRWG) CEO Sanjay Sabnani purchased a total of 166,500 shares on the open market at prices ranging from $0.06 to $0.074 per share between December 18 and December 31, 2013. The total dollar value of the transactions totaled more than $10,500 and brought his total stake to approximately 18 million shares, or nearly 30% of the company. Director James Sacks also purchased 50,000 shares at $0.065 a piece on January 14, 2013, according to a subsequent Form 4 filing with the SEC.

The insider buying comes at a key turning point for the social media company. In 2013, management began a restructuring plan that reduced its net cash burn by approximately 40% while keeping its profit margins at approximately 95%. The team improved the financial and operating metrics of the business by eliminating non-performing assets and investing in its online advertising marketplace. As a part of these plans, the company also raised $1 million in Series B Convertible Preferred financing and settled outstanding litigation.. 

CrowdGather's vertical interest advertising network is designed to connect brand marketers with millions of highly-focused influencers, trendsetters and pioneers that comprise its wide-reaching social network. According to Zack's Research, forum users are generally 3.5x more likely to recommend a purchase, 4x more likely to post reviews online, and 3.5x more likely to share new products, making them a desirable demographic.

Currently, the company's stock trades with a market capitalization of approximately $4.25 million despite reporting about $14.5 million in total assets. Investors have the opportunity to acquire the stock at a significant discount to its book value at a time when other social media stocks are reaching new highs and as the company prepares to launch its new ad platform.

About CrowdGather Inc.

With its growing portfolio of special interest forums and enthusiast message board communities, CrowdGather (http://www.crowdgather.com/) has created a centralized network to benefit forum members, forum owners, and forum advertisers. CrowdGather provides a highly interactive and informational social network for members, a management and revenue-sharing resource for third-party forum owners, and a largely untapped advertising network for marketers worldwide.

For more information about CrowdGather:

   -    Company Website

   -    Investor Presentation

To be updated on company developments click here:

CrowdGather (CRWG) Updates


Disclosure:

Except for the historical information presented herein, matters discussed in this release contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. For full disclosure please visit: http://secfilings.com/Disclaimer.aspx 

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