July 11, 2012 at 09:00 AM EDT
CrowdGather Acquires Leading Psychology Message Board, PersonalityCafé.com

One of the leading networks of forum communities on the Internet, CrowdGather, Inc. (OTCBB:CRWG), announced today that it has acquired the domain name, website, mobile app and assets related to Personalitycafe.com.

Founded in 2008 as way to explore your personality type and to find others like you to interact with, PersonalityCafe.com has grown into one of the leading and most active communities focused on psychology on the Internet. Members discover their Myers Brigg personality profile and come to PersonalityCafe.com to explore the inner workings of their psyche in a positive and fun environment.

The site offers users an interactive discussion forum with over 2.6 million posts, personality quizzes developed by psychologists and a mobile app as well as a video sharing section, psychology articles, and blogs. It’s a great place to go for learning more about your personality type.

“We are excited to add Personalitycafe.com to our portfolio of communities. The site offers significant opportunities to engage a valuable demographic,” said Sanjay Sabnani, CrowdGather’s Chairman and CEO. “As part of our growth strategy, we continue to seek targeted acquisitions that will help increase our traffic and expand our reach as a leading network of forums.”

Commenting on the transaction, Personalitycafe.com founder Jasper Aguila said, “I’ve been an active forum user since I was 10 years old, and I have devoted a great deal of time and effort to creating Personalitycafe.com. I have enjoyed helping the community grow, and decided to partner with CrowdGather because the company was founded and run by forum users. CrowdGather is also the ideal solution for forum owners looking to get fairly compensated for their countless hours of work, while getting the respect that their communities deserve.”

About CrowdGather, Inc.

With its growing portfolio of special interest forums and enthusiast message board communities, CrowdGather (www.crowdgather.com) has created a centralized network to benefit forum members, forum owners and forum advertisers. CrowdGather provides a highly interactive and informational social network for members, a management and revenue-sharing resource for third-party forum owners, and a largely untapped advertising network for marketers worldwide.

About Personality Cafe

PersonalityCafe.com is the largest and most active online community dedicated to human personality development. We offer many articles, services, and tools to help you and your organization become more productive and organized in this ever fast changing world.

This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and the Company’s growth and business strategy. Words such as “expects”, “will”, “intends”, “plans”, “believes”, “anticipates”, “hopes”, “estimates”, and variations on such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the Company’s business; general economic, industry and market sector conditions; the ability to generate increases revenues from the Company’s forums; the ability to obtain additional financing to implement the Company's long-term growth strategy; the ability to manage the Company's growth; the ability to develop and market new technologies to respond to rapid technological changes; competitive factors in the market(s) in which the Company operates; and other events, factors and risks disclosed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

Contacts:

CrowdGather, Inc.
Investor Contact:
Sanjay Sabnani, 818-435-2472 x 101
sanjay@crowdgather.com
or
Media Contact:
Stacy Dimakakos, 917-981-5501
stacy@publicworldwide.com
Related Stocks:
Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here