LOUISVILLE, Ky., Nov. 28, 2012 /CNW/ - Dynastar Holdings, Inc. ("Dynastar") (OTC Markets: DYNA) (www.dynastarholdings.com), a Nevada corporation focused on acquiring and establishing businesses in the direct selling market, announced today that it completed the acquisition on November 27, 2012 of the ConnectionPlustm assets of uBuy2Give, Inc.
The ConnectionPlus software enables online shoppers to receive cash back rebates on their retail purchases through the ConnectionPlus platform. Dynastar has established affiliate relationships with approximately one thousand leading retailers accessible through ConnectionPlus.
In conjunction with this asset acquisition, Dynastar issued 4,779,931 shares of its common stock to uBuy2Give and will issue an additional 4,779,931 shares to uBuy2Give if the ConnectionPlus assets pass certain transaction throughput tests by December 31, 2013.
Josh Henderson, Chairman and CEO of Dynastar, noted that the ConnectionPlus cash back technology developed by uBuy2Give will create a unique product offering within the market and generate significant benefits within Dynastar's direct selling network. "The acquisition of uBuy2Give's ConnectionPlus software will enable Dynastar's sales network to promote special offers from major retailers, and consumers who purchase through the ConnectionPlus platform will earn cash back from their everyday purchases at no additional cost to them," according to Henderson. Additionally, Henderson stated that online consumer spending is projected to exceed $300 billion in 2012 and that this trend coupled with the ability to earn cash back rewards is a winning combination.
About Dynastar Holdings, Inc.
Dynastar Holdings, Inc. was founded in 2010 in Louisville, Kentucky and follows a direct selling, social commerce business model that scales business through a combination of acquisitions and organic growth. Dynastar focuses on the acquisition and launch of direct selling companies providing services to businesses and consumers. Dynastar acquired Dynastar Energy, LLC (formerly known as My Affordable Energy), an energy reseller, in 2010 and launched Dynadealz, LLC, a direct-to-consumer cash back rewards company, earlier this year. For more information, please contact Josh Henderson at [email protected].
Safe Harbor Statement. ?Any statements contained in this release that do not describe historical facts may constitute forward-looking statements as defined under the federal securities laws. Any forward-looking statements contained herein are based on current expectations but are subject to a number of risks and uncertainties. The factors that could cause actual future results to differ materially from current expectations include, but are not limited to, risks and uncertainties relating to the availability of additional funding; the developing industry and changing business environment; the Company's business, product development, marketing and distribution plans and strategies and its ability to execute such plans and strategies and build a successful management infrastructure, the Company's ability to integrate and successfully implement acquired asset platforms and general economic conditions. These and other factors are identified and described in more detail in the Company's filings with the SEC, including, the Company's current reports on Form 8-K. The Company does not undertake to update these forward-looking statements.
SOURCE: Dynastar Holdings Inc
For further information:
Josh Henderson, +1-502-326-8100, [email protected]