TORONTO, July 18, 2012 /CNW/ - Webtradex International Corp. (OTCBB:
ZDVN) ("The Company" "Webtradex") is pleased to announce that it has
completed acquisition of certain assets of Birthday Slam Corporation,
an Ontario Corporation ("BSC")
Under an asset purchase agreement closed on July 17, 2012, the Company
acquired, from BSC, all intellectual property related to the
development of B'Wished, currently being developed and financed by BSC.
All related URLs, design, concept and software codes are included in
the purchase. Webtradex will assume the cost of financing going
forward. B'Wished is expected to launch at the beginning of September
2012.The total purchase price is $325,000 payable by a secured note,
bearing a 5 % interest rate. The Company also assumed, as part of the
purchase price, three BSC loans totaling $ 60,000 from non-related
parties to be settled by the issuance of 400,000 restricted common
shares of the Company.
As part of the transaction, Webtradex has assumed an ownership interest
of 2.38 % of Huubla, a privately held Copenhagen based, Internet
Company. Jeff Coe, the chief operating officer, commented: "The social
shopping sector is one of the hottest growth markets in the internet
space. The future of ecommerce, search and social marketing is now tied
to personality-influenced consumer procuration. By combining the teams
of Webtradex and B'wished, and the synergies that exist between them, I
expect us to become a forerunner and a major player in the social
About the Company
Webtradex International Corporation is seeking to expand into the
internet industry by acquiring and supporting emerging internet-related
technologies and other related assets.
For further information regarding this press release, investment
opportunities, or other questions, please contact Jeff Robinson at email@example.com phone: +34 600 115 789
Please visit our website at www.webtradex.com for more corporate information.
This press release includes forward-looking statements that involve
risks and uncertainties. Forward-looking statements are statements that
are not historical facts. Such forward-looking statements are subject
to risks and uncertainties, which could cause actual results to differ
from the forward-looking statements. The Company expressly disclaims
any obligation to publicly update any forward-looking statements
contained herein, whether as a results of new information, future
events or otherwise, except as required by law.
SOURCE Webtradex International Corporation