San Diego, CA (PRWEB) October 25, 2010
Monster Offers (OTCBB: MONT) (the "Company") is pleased to announce its Board of Directors has approved a private placement offering to raise up to (USD) $2 million. Under the terms of this private placement, the Company will offer for sale up to 5,000,000 Restricted Common Shares (the "Shares") at (USD) $0.40 per share. The minimum purchase is 25,000 shares and all shares are subject to a 1 year lockup period.
Proceeds from this Private Placement Offering will be utilized by the Company to provide working capital for the immediate expansion and roll out of its recently acquired Social Network Action Platform (SNAP) from Prime Mover Global, LLC.
About Monster Offers:
Monster Offers is an emerging online technology company specializing in social media commerce and advertising solutions for Fortune 1000 Companies and Non Profit Organizations.
Any statements contained in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including, but not limited to, the risks associated with the management appointment described in this press release, and other risks identified in the filings by Monster Offers (MO), with the Securities and Exchange Commission. Further information on risks faced by MO are detailed in the Form 10-K for the year ended December 31, 2008, and in its subsequent Quarterly Reports on Form 10-Q. These filings are or will become available on a website maintained by the Securities and Exchange Commission at http://www.sec.gov. The information contained in this press release is accurate as of the date indicated. Actual results, events or performance may differ materially. Monster Offers does not undertake any obligation to publicly release the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
SOURCE: Monster Offers
CONTACT: Monster Offers Investor Relations – (760) 208-4905
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