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SMALL BUSINESS
Cascadia's Internet Division Announces Its Latest Acquisition
Market Wire
TACOMA, WA -- (Marketwire) -- 11/19/09 -- (PINKSHEETS: CDIV) -- The Internet Division of
Cascadia Investments, Inc. announced today that it has acquired a 50
percent interest in
www.nameringers.com, a website featuring over 2,000
personalized ring tones. Cascadia's joint interest in nameringers.com
includes all rights to the music, ring tones, and brand.
In announcing the acquisition, Cascadia's president and CEO Mr. Maherali
stated, "We will continue to invest in Internet businesses, like
nameringers, as part of our commitment to create long-term value for
shareholders."
Annual mobile music revenues, according to Juniper Research, are expected
to top $14 billion worldwide by 2011 with the Asia Pacific market
contributing 40%, Europe 27%, North America 18% and rest of the world 15%.
Cascadia Investments, Inc. (PINKSHEETS: CDIV) is a publicly traded,
internet and real estate development company operating in the Pacific
Northwest. The company's principal objective is to create equity and
long-term earnings growth through the acquisition and development of
undervalued real estate and cutting edge internet properties.
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.
Contact:
Cascadia Investments, Inc.
1-800-585-6988
Cascadia Investments, Inc.
1-800-585-6988
MARKET WIRE
2009-11-19 11:30:17
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