Peer to Peer Network Announces Exclusive License Agreement and Corporate Change of Control with Code2action, Inc
HENDERSON, NV, United States, via ETELIGIS INC., 06/04/2015 – – Peer to Peer Network (PTOP) (OTC Pink: PTOP) (PINKSHEETS: PTOP), a broad-based marketing and entertainment company providing peer-to-peer advice services for over two decades, today announced that it has acquired an exclusive license to the technology assets of Code2action, Inc., a mobile marketing technology Company based in Peabody, MA.
Under the terms of the License Agreement, Christopher Esposito and Scott Milbury, the co-founders of Code2action with extensive backgrounds in financial services and marketing, have been appointed as new CEO and President and Board of Directors of the Company, whereas Marc Lasky and Michael Lasky have thereby resigned their respective management positions and Board seats.
The Company has issued Code2action, Inc. a Convertible Debenture in the amount of $500,000 that is convertible to 75% Control ownership in the Company for the exclusive license agreement. Under the terms of the license, Peer to Peer Network must pay a minimum of $10,000 per month cash and a 33.33% share of all future revenues. Code2action retains the right to merge its assets and intellectual property into the Company by Calendar Year End 2015 for additional consideration, bringing its total ownership of the Company to 90% on a fully-diluted basis.
Code2action has recently launched SaaS digital business card platform called “C2A MobiCard”.
The MobiCard platform is a cloud-based mobile business card solution that combines the power of social media sharing with text/SMS and e-mail marketing for business professionals and enterprises. A subscriber can custom create their business card to include a company logo, profile photo, contact details, website, audio messaging, social media links and multi-media content like no traditional paper business card ever could.
The platform sharing and alert system enables users to share their card via text/SMS, e-mail, and global social media sites including Facebook, Twitter, LinkedIN, Google+ and Pinterest. The system provides the user instant text alerts when their card is opened or shared to third party referrals all while building an invaluable database of contact leads.
“We’ve created an invaluable mobile solution for any and all business professionals that have a need to increase leads, referrals and ultimately sales and profits,” said Christopher Esposito, Code2Action CEO.
Advising on the transaction was Source Capital Group, Inc., a Connecticut-based boutique investment banking firm focused on emerging growth companies across a broad range of industries, including Communications, Internet, Clean Tech, Green energy and Consumer and Business Services. Said Vik Grover, CFA, Senior Managing Director, Investment Banking, “Code2Action has the potential to revolutionize interaction between consumers and businesses by converging social networking, advertising, and communications into a single platform that leverages the exponential power of B2C and C2C viral growth.”
About Peer to Peer Network:
Peer to Peer Network ("PTOP") is a holding company of innovative peer to peer ventures focused on adding values for users. Its current holdings include The Psychic Friends Network and an exclusive license to the technology platform of Code2action, Inc.
Code2Action Inc. is a technology based mobile solutions provider serving businesses, advertisers, consumers and brands. Through its subscription based, in-the-cloud, mobile media platform, Code2action’s multi-channel messaging gateway enables marketers to reach consumers on all types of connected devices, with information that engages interest, drives transactions and strengthens relationships and loyalty. To learn more, visit http://www.code2action.com and http://www.freemobicard.com
Safe Harbor Statement
Safe Harbor: Forward-Looking Statements Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, including, without limitation, statements regarding potential future plans and objectives of the Company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Technical complications, which may arise, could prevent the prompt implementation of any strategically significant plan(s) outlined above. The Company undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.
The Company invokes the protections of the Private Securities Litigation Reform Act of 1995. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategies, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. Factors that may cause actual results to differ materially from those in the forward-looking statements include those set forth in our SEC filings. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.
OR click this link Christopher Esposito’s MobiCard to receive the CEO’s mobile business card.
SOURCE: Peer to Peer Network