Monroe, NC (PRWEB) July 17, 2008
Scientigo™, Inc., (SCNG.PK) a technological innovator in local/mobile search and enhanced directory assistance solutions, announced today that it has entered into a strategic joint venture agreement to develop its URL, http://www.find.com. The joint venture, Will Find, LLC, will be owned by Scientigo and SEO Holdings, LLC and will focus on deploying the find.com domain as an easy to use, consumer friendly, premier search destination. SEO Holdings has developed a proprietary technology application, specifically, for find.com. It is currently in beta website and is scheduled for a public launch at the end of August.
Scientigo believes that http://www.find.com is a premium URL. The Company has remained focused on exploring strategic alternatives for maximizing the value of the domain and determined that a sale of the URL would not yield the value that could be achieved through the development of http://www.find.com with the Will Find joint venture. SEO Holdings is providing the working capital to build out the http://www.find.com website and will be responsible for the marketing of the site after its launch.
Scientigo expects this joint venture to provide a firm foundation to support the company's growth and ultimate future financial success. Scientigo also announced that it intends to reregister under the Securities Act of 1934 and bring its 34 Act reports current with the goal of returning liquidity and value to its loyal shareholder base. We anticipate providing our shareholders with additional information about the Will Find joint venture transaction in the near future.
Scientigo™ (pronounced "see-ENH-ti-go") provides innovative software solutions and media services to capitalize on emerging local search opportunities. The Company has been focused in mobile and local search, with initial concentration in the Enhanced Directory Assistance market.
This news release may contain forward-looking statements. Forward-looking statements are indicated by words such as "expects," "intends," "anticipates," "believes" and similar expressions. Our ability to achieve the results anticipated in such forward-looking statements is subject to risks and uncertainties, including, without limitation, our ability to generate revenue and operate profitably, raise operating capital, any potential growth of our company, our ability to successfully maximize the value of our intellectual property assets, in addition to general economic conditions, operating results, market acceptance of our solutions and other risks detailed from time to time in our reports filed with the Securities and Exchange Commission. No assurance can be given that the future results that are the subject of such forward-looking statements will be achieved. The Company undertakes no obligation to publicly update or revise the forward-looking statements, whether as a result of new information, future events, or otherwise.
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