Thursday, January 27, 2022 1:40:55 PM
"This is a tremendous step forward in the growth of the Bebuzee brand," stated Joseph Onyero, Founder and Chief Executive Officer of Bebuzee (UK), Ltd and newly appointed Chief Executive Officer of Engage Mobility. He continued, "as part of our long-term strategic initiatives, we view becoming publicly-traded as a means with which to attract additional capital to the corporate group in furtherance of our growth objectives." Founded in 2012, and named one of Britain's top fifty technology startups, Bebuzee offers a fully-built platform which has boasted over forty million users.
In connection with the acquisition of Engage Mobility, management will endeavor to change the public company's name and ticker symbol to reflect the Bebuzee brand, subject to customary regulatory approvals. At the same time, management does not foresee the need for a reverse split of Engage Mobility's common stock. Mr. Onyero continued, "we are committed to minimizing stockholder dilution including maximizing our external valuation prior to raising additional capital."
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