Feb. 5, 2014
/PRNewswire/ -- Imogo Mobile Technologies Corp. (OTCBB: IMTC) and Global Digital Systems PLC (ECM:STC), owner of SiteTalk Community Inc. are pleased to announce plans to rapidly expand SiteTalk's popular Social Networking Platform into the US.
Since its launch on
January 16, 2009
, SiteTalk has successfully leveraged its business model for rapid growth. For example, between
, registered membership has jumped from 400,000 to 15 million SiteTalk Members. This growth has occurred entirely without marketing efforts in the US, with the majority of existing Members coming from
Now SiteTalk has entered into an MOU with US technology development company Imogo Mobile Technologies. Once the definitive agreement is finalized, Imogo will become an integral part of SiteTalk's global growth plan.
The partnership will grant Imogo license rights for
the United States
marketing and distribution of SiteTalk. The agreement may also include licensing of the brand name, domain name, goodwill, technology, code and intellectual property developed and associated with SiteTalk.
The Definitive Agreement is expected to be signed on or before
May 2, 2014
, subject to legal due diligence by Imogo's legal counsel and Imogo obtaining all requisite internal corporate approvals (which shall include a shareholder approval by Imogo).
"Imogo is very excited about joining forces with SiteTalk," said Imogo President and Founder,
. "Together, we can take this unique Social and Business Networking Platform to a global stage."
Imogo will use its mobile platform and html5 technology to mobilize awareness among particular US consumer market segments.
SiteTalk Managing Director
commented, "This is the ideal time and the ideal relationship to take SiteTalk to the next level—a truly global Social Networking Platform, with a proven business model."
About Global Digital Systems PLC
Global Digital Services PLC trades on the Cyprus Stock Exchange's Emerging Companies Market under the symbol STC. SiteTalk Community Inc. became a wholly owned subsidiary of GDS pursuant to a transaction that closed on
July 30, 2013
. Presently, Global Digital Systems PLC's sole asset is SiteTalk Community Inc., a multi-functional and multi-lingual social networking platform that enables members to connect, communicate and create business opportunities.
Contact InformationUKPhone: +44 (0) 207 718 0067Address: 37th Floor, 1 Canada Square, Canary Wharf,