WHITE PLAINS, N.Y. / ACCESSWIRE / June 9, 2014 / Valuesetters Inc. (OTCQB:VSTR) announced that it has signed an agreement to acquire a 5% ownership stake in NetCapital Systems LLC.
Valuesetter’s Chief Executive Officer, Manny Teixeira, said, "We are very pleased to be a shareholder in NetCapital. Our ownership gives us access to the NetCapital database, which includes industry experts, entrepreneurs and angel investors to help drive our new business development. We plan to integrate our communication products to these new contacts to help deliver a new media based business communications network and generate growth and industry recognition of our current and future products."
Valuesetters acquired the 5% stake in NetCapital by agreeing to provide a license, customization and consulting services to its existing communications infrastructure and by agreeing to run a pilot program for NetCapital’s benefit to improve the quality and effectiveness of its communications and advertising systems.
"We are looking at several opportunities to enhance the balance sheet of Valuesetters by acquiring an interest in companies we do business with," continued Teixeira. "We believe that our investments will be beneficial in the short term by providing additional distribution channels for our products, and in the long term, as we work together with the companies to increase the value of that equity."
Valuesetters is an Internet-based company that seeks free subscribers and revenue-generating subscribers. The company operates on an automated basis with the belief that Internet operations, customer sign-ups, sales and game playing should occur without human intervention so that it can quickly expand in the event the number of subscribers begins to rapidly grow on a viral basis. Its focus is on the digital delivery of games, apps, movies and music. For more information, visit our web site at http://valuesetters.com/.
NetCapital offers access to a dynamic social business platform that connects entrepreneurs, investors, and experts in a way that provides unique value to each category of user. The partners of NetCapital have proven capable of building companies from the ground up, and have the market experience, the active deal flow, and the right networks to help companies thrive. The NetCapital team uses a hands on advising approach, leveraging their extensive network to accelerate the growth of its clients and provide higher returns for stakeholders. For more information visit: http://www.netcapital.com/.
The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Mauuel Teixeira, CEO
SOURCE: Valuesetters Inc.