BEVERLY HILLS, Calif.,
Sept. 12, 2014 /PRNewswire/
-- Crown Baus Capital Corp. (OTC BB: CBCAE), a global
acquisition-based conglomerate targeting five primary industries:
high-tech incubation, drug development, entertainment/media,
education, and financial services, is in the final stage of
acquiring niche social and dating app, LoudCrush, which the Company
intends to complete with an all equity based transaction by issuing
five (5) million dollars worth of its
144 restricted common shares.
The initial rollout of LoudCrush will serve the burgeoning
community surrounding the U.S. legal cannabis industry with an
ArcView Market Research estimated worth of $1.44 billion in 2013 and an expected
$2.34 billion in 2014. The features
of LoudCrush combine functionality similar to popular apps like
Facebook, Tinder and Vine, which allow users to post videos and
photos, to search for friends and singles in their areas, and to
chat and discreetly socialize. Users can even send gifts. As
development of LoudCrush continues, additional languages will be
added to serve larger and larger audiences with a likely first
integration of Spanish language functionality.
The beta site is available at www.LoudCrush.com to pre-register
for the official launch.
"Most cannabis consumers avoid posting about marijuana on
Facebook, Instagram and Twitter because their families and
coworkers are on these networks, and cannabis-inclusive profiles
are often deleted by mainstream social networks," said Drue Young, Co-Founder of LoudCrush and Crown
Baus Capital Corp. VP of Business Development.
"The LoudCrush mobile app, founded and developed by CrownBaus
Vice Presidents Alex Frejrud and
Drue Young, provides
cannabis-friendly users a place to kick back, relax and socially
engage in community discussion, meet, and perhaps find that one
true romantic love in an unbiased group community platform," said
Robert Kane, Director and CFO of
Crown Baus Capital Corp. "CrownBaus will add LoudCrush to its
value-added Digital Entertainment Division, along with three
additional apps, currently in the incubation stage, to be unveiled
in the near term."
As noted above, ArcView estimated in its annual "State of Legal
Marijuana Markets" report that the industry is expected to grow to
$2.34 billion in 2014. The report
projects that in five years, 2018—by which time ArcView expects
that 14 states will have legalized retail sales of cannabis—the
industry will be worth $10.2 billion.
(The illicit market currently is estimated to be between
$18 and $30 billion.) CrownBaus
expects growth in the legal cannabis industry to add significantly
to the number of LoudCrush users and value of the app.
About Drue Young, CBCA VP of
Business Development
Mr. Young's experience as creative director and designer for
high-profile companies and clients in the entertainment and Fortune
500 companies, gives CBCA the additional focused in-house expertise
to move much faster in its new product launches. Mr. Young has
previously worked with companies such as Wells Fargo Bank, Bank of
America, Credit Suisse, H&R Block, Auge Media, The Lourdes
Foundation, Hearst Media, Chevrolet, KIA, Scion, AquaHydrate,
Chronic Ice Hemp Beverages, FOX, Discovery Communications,
SFGate.com, Universal Music Group, and A&E's hit show
Wahlburgers, which received an Emmy nomination.
About Alex Frejrud, CBCA VP of Interactive Strategy
Raised and educated in Sweden, Mr.
Frejrud has an extensive background as a telecommunications
engineer, film editor, music producer and transmedia pioneer.
Aided by his considerable entrepreneurial skills, Mr. Frejrud has
been the driving force behind various successful startups. In 2004,
he co-founded the award-winning social network Trig.com. He
followed up in 2008 with the establishment of the Glampire Group,
consisting of Glampire Labs, Dapptive AB & WebCongress. As
director and president of The Glampire Group, he runs and finances
various startups and works with a number of renowned record labels,
fashion brands, corporations, and movie production companies,
enhancing their media strategy, visibility, and connectivity of
clients including BMW, MySpace, H&M, Sony, EMI, and Universal
Studios.
About WebCongress, Inc.
WebCongress is a leading source for digital marketing strategies,
business and new trends in the tech industry. With a database of
over 65,000 qualified businesses and the top 200 tech influencers
involved, WebCongress events attract 100+ CEOs and over 450 Digital
Agencies. The social impact of WebCongress exceeds one million
impressions per event, 200 V.I.P bloggers are talking about
WebCongress and WebCongress events have been a trending topic on
Twitter 9 times.
WebCongress was launched in 2008 by Founder and CEO, Ouali
Benmeziane, and it has been growing rapidly ever since. With more
than 27 events in 9 different cities attracting powerful speakers
from companies like Google, Facebook, Twitter, Youtube, Spotify,
Blackberry, Microsoft, Skype, Samsung, Intel and Ericsson,
WebCongress is considered to be among the most important Digital
marketing events in the world.
About Crown Baus Capital Corp.
Crown Baus Capital Corp. (CBCA) is a global acquisition-based
conglomerate targeting five primary industries: High-Tech
Incubation, Drug Development, Entertainment/Media, Education, and
Financial Services. The Company is based in the United States but is already operating
globally through its subsidiary, WebCongress, Inc., and Company
partners. Crown Baus seeks to add shareholder value through
cross-industry synergies and strategic growth.
Forward Looking Statements
This Press Release includes forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Act of 1934. A statement containing words
such as "anticipate," "seek," intend," "believe," "estimate,"
"expect," "project," "plan," or similar phrases may be deemed
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Some or all of the events
or results anticipated by these forward-looking statements may not
occur. Crown Baus Capital Corp. does not undertake any duty nor
does it intend to update the results of these forward-looking
statements.
Crown Baus Capital Corp.
Chad S. Johnson, Esq., Director,
President & CEO
info@crownbaus.com
www.crownbaus.com
+1 866.784.7239
Investment Inquiries
Robert Kane, Director & CFO
robert.kane@crownbaus.com
+1 561.420.4824
SOURCE Crown Baus Capital Corp.
