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Cascadia Investments, Inc. Announces Acquisition of Gaming Apps(March 11, 2010)
TACOMA, WA -- (Marketwire) -- 03/11/10 -- Cascadia Investments, Inc. (PINKSHEETS: CDIV) announced today that it has entered into a contract to purchase eighteen games applications. These games are developed on the Apple iPhone platform and are currently available for download from the apple store. This transaction is expected to close by the end of this month at which time the company will release additional information.
According to mobile advertising website AdMob.com, "There is some $200 million worth of applications sold in Apple's iPhone store every month, approximately $2.4 billion a year."
The company also announced that it has amicably ended its relationship with one of its development partners, with whom it owned several websites. In order to move forward with its business affairs the company has retained a hundred percent interest in the following sites tinytwirp.com, audiopickups.com, ticktweet.com and phace.mobi.
Now that the company has full control of these sites, the management will review the current portfolio and then they will redesign and market these sites aggressively. The company is looking to develop and acquire more web/mobile based businesses as it moves forward in 2010
Cascadia Investments, Inc. (PINKSHEETS: CDIV) is a publicly traded company operating in the Pacific Northwest that focuses on developing and/or acquiring cutting-edge Internet businesses. The company's principal objective is to create equity and long-term earnings growth through the acquisition and development of its social media, gaming and other web based business.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the forward-looking matters discussed in this news release are subject to certain risks and uncertainties which could cause the Company's actual results and financial condition to differ materially from those anticipated by the forward-looking statements including, but not limited to, the Company's liquidity and the ability to obtain financing, the timing of regulatory approvals, uncertainties related to corporate partners or third-parties, product liability, the dependence on third parties for manufacturing and marketing, patent risk, copyright risk, competition, and the early stage of products being marketed or under development, as well as other risks indicated from time to time in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. All trademarks and copyrights remain the property of their respective owners and no association is express or implied
Cascadia Investments, Inc.
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