Redwood Scientific Technologies Inc (RSCI)

[sam1933]

TWO DAIS AFTER BABL's JOIN VENTURE PR (December 2, 2014)
"""BUILDABLOCK CORP. AGREES TO JOINT VENTURE FOR DIGITAL-COUPON/DAILY-DEAL WEBSITE, “SOCIALBUD”, TO SERVE THE RED-HOT CANADIAN CANNABIS MARKET"

GDGI), announced ...that it has signed a memorandum of understanding (MOU) to acquire Deal-X Technologies, Inc.

Dec 04, 2014
OTC Disclosure & News Service

Huntington Beach, CA -

Greenway Designs to Acquire Deal-X Technologies

Strategic Move into Proven Digital Coupon and Daily Deal Technologies Market
http://www.otcmarkets.com/stock/GDGI/news/Greenway-Designs-to-Acquire-Deal-X-Technologies--Strategic-Move-into-Proven-Digital-Coupon-and-Daily-Deal-Technologies-Market?id=96638&b=y
Dec 04, 2014 (eTeligis.com via COMTEX) -- HUNTINGTON BEACH, CA, United States, via ETELIGIS INC., 12/04/2014 - - Greenway Designs, Inc., (OTC Pink: GDGI) (PINKSHEETS: GDGI), announced today that it has signed a memorandum of understanding (MOU) to acquire Deal-X Technologies, Inc. Deal-X Technologies, Inc. is a Digital Coupon and Daily Deal Technologies Company that serves both local and national markets through its online brands. Deal-X also maintains joint ventures with key influencers that serve additional vertical markets.
"Obviously, we see this as a tremendous opportunity for Greenway Designs and our shareholders," said Ben LeFrancois CEO, Greenway Design. "The online coupon space is proven but there is still a tremendous potential for growth. We look forward to sharing more about this acquisition as time goes on."

The acquisition is part of Greenway's strategic plan to build shareholder value by investing in high-growth, intellectual property-based businesses. Deal-X is in this category, with proprietary mobile couponing technology. The mobile/digital coupon market is in growth mode, with Juniper Research, for example, projecting that the sector will grow from $5.4 billion in 2012 to $43 billion in 2016[1], representing an eightfold increase.

Greenway Designs, Inc. expects to close this transaction in the very near future. The company did not disclose terms of the MOU.

...
[1] http://www.brainsins.com/en/blog/mobile-coupons-market-43-billion-2016/1270

CONTACT:

Ben Lefrancois

800-399-6158

[e-mail]

Copyright © 2014 OTC Markets. All Rights Reserved


The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.