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MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Kuboo Inc    SGTB

KUBOO INC (SGTB)
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Kuboo Inc : Safe Communications Signs Letter of Agreement to Acquire Onverse, LLC

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07/24/2013 | 02:40pm CEST

SCOTTSDALE, AZ, July 24, 2013 -(eTeligis via ACCESSWIRE)- KUBOO, Inc., DBA Safe Communications, (OTC PINK: SGTB), announced today that they have signed a Letter of Agreement with Onverse.com, a virtual world geared towards the tween and teen markets. The agreement calls for an acquisition of Onverse for Safe stock, based on a valuation yet to be determined. Onverse currently has approximately 600,000 subscribers growing rapidly and is cash flow positive. Many are under 13 and have younger siblings, cousins and friends that fall into www.Kuboo.com demographics. These subscribers will all be introduced to Kuboo.com with the launch of Kuboo's new version in early September.

Onverse, LLC was founded in late 2006 by Stephen M. Pierce II, a former Design Manager for Sony Online Entertainment. Mr. Pierce and his associates will be joining Safe Communications in their Scottsdale location.

John Venners, CEO of Safe Communications stated: "We have known Steven for several years and feel Onverse is a perfect fit for Kuboo. When our subscribers outgrow Kuboo, Onverse will be their next step, entering into a more mature, teenage world."

About Onverse:

Onverse is a "freemium" online virtual world full of fun people and cool things to do. They give you an online profile, a free virtual home, clothing, furniture, tools and points to get you started. Revenue is generated from mini transactions. You can customize your avatar however you like and chat live in a fully 3D environment. You can play games, explore for points, go shopping, decorate your home and avatar, and meet people. Online, our social network is fast, easy to use, and has tons of options to express yourself and stay connected from media sharing to blogs, friend updates, chat, forums and more!

About Safe Communications:

Safe Communications provides secure email and web texting service free of charge through its kid's site, MouseMail.com. Parents must register their children and pre-approve all contacts. Any unapproved contacts or inappropriate content will be diverted directly to the parent for further action. In addition, the company offers totally secure video chat that also requires parental contact approval. Safe Communications is accepting a limited number of people to test and review its beta version of the most advanced safe 3D virtual world, with individualized Avatars, for small children called KUBOO. Those interested in participating should visit www.KUBOO.com. The KUBOO world will be filled with educational features, age appropriate games as well as interactive capabilities with approved contacts.

Safe Communications' products, led by MouseMail.com, are designed for the modern family on the go. Early detection devices warn parents of potential abuse and inappropriate content, allowing secure, open exchange with loved ones and friends. Safe Communications designs products so that your children can enjoy the electronic ride without being exposed to potential harm or abuse. For more information, contact: info@safecommunications.com or visit us online at www.mousemail.com or www.Kuboo.com.

CORPORATE CONTACT:

info@safecommunications.com

Tel: 480-385-3893


SOURCE: Safe Communications


© Accesswire 2013
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Managers
NameTitle
John P. Venners Chief Executive Officer & Director
Barth Lauren Secretary
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