CrownBaus Capital Corp. Set to Acquire ‘LoudCrush’ Mobile App; “A New Compassionate Kind of Social High”
Crown Baus Capital Corp. (OTC BB: CBCA) 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.
LoudCrush will be powered by CrownBaus and will be marketed worldwide by W Agency, a division of WebCongress, Inc., a subsidiary of CrownBaus.
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.
Robert Kane, Director & CFO