News today about DCDC and NCAP
Northsight Capital, Inc. and Tumbleweed Holdings Settle Previous Dispute and Form New Working Relationship
SCOTTSDALE, AZ / ACCESSWIRE / July 24, 2017 / Northsight Capital, Inc. (OTC PINK: NCAP) and Tumbleweed Holdings, Inc. (OTC PINK: DCDC) announced today that the companies have reached a settlement for their previous dispute and are now working together to close the Crush Mobile Apps acquisition for Northsight.
Tumbleweed, who introduced and assisted Northsight with the contemplated Crush Mobile Apps acquisition, will also assist NCAP in acquiring the funding necessary to close the acquisition.
Northsight recently agreed to acquire Crush Mobile Apps, LLC (www.CrushMobileApps.com), in an all-stock transaction. Crush Mobile, with approximately one million members, has developed a group of dating sites with a presence in the Latino, African-American and Jewish communities.
A spokesperson for Northsight stated, "We are pleased to resolve the conflict with Tumbleweed and focus on growing Northsight rather than go through a long, drawn out litigation process that would not be beneficial to shareholders of either company."
Gary Herman, CEO of Tumbleweed stated, "Our Board is pleased to have resolved this problem. We look forward to working with the management teams of Northsight and Crush."
