Replies to Post #237180 onSTOCK GOODIES PLAYS OF THE WEEK

Replies to #237180 on STOCK GOODIES PLAYS OF THE WEEK

06/06/12 9:55 AM

$TWWI Thrive World Wide, Inc. Signs Letter of Intent with INTECH Creative

LAKE GENEVA, Wis., May 30, 2012 /PRNewswire via COMTEX/ -- Thrive World Wide, Inc. (OTCQB: TWWI.PK) (Pinksheets: TWWI.PK) announced today that it has entered into a Letter of Intent to acquire INTECH Creative, LLC. The terms have not been disclosed. INTECH Creative LLC is a software development company, with its software development studio located in Jayanagar, Bangalore INDIA, and its preferred third-party subcontract office located in West Bengal INDIA.
INTECH will develop, manage and support the overall IT requirements of Thrive Worldwide, provide all technology-related requirements for Thrive projects company-wide, and develop its own slate of newly-authored proprietary website/mobile software products: this will include a web/mobile application to enhance and integrate with the already vibrant online Events/Tickets marketplace, and followed by a web/mobile administration system to better serve the online publishing work-business cycle. Additional products are slated for the online smart radio, commercial ground freight, and third-party services marketplaces. The company will simultaneously expand its workshop -- and sales efforts -- to generate work-for-hire revenue from third-party clients worldwide.

Bruce Dugan, CEO of Thrive World Wide, Inc., noted that "This is the first of several planned moves intended to build a low-burn-rate-high-output model. We believe this will provide us with ability to aggressively compete in the marketplace and achieve our short-term goal of becoming self-sustaining by the end of the year."

About Thrive World Wide, Inc.

Thrive World Wide, Inc. ("Thrive") is a web-centric multimedia company. Through its wholly owned subsidiary DailyHotDeal, it has been engaged in the "Deal of the Day" business. For more information, visit http://thriveworldwide.com/.