LOS ANGELES, CA--(November 23, 2009) - Riverdale Capital Ltd. (PINKSHEETS: RICP) announced today it has completed in full the acquisitions of Internet Properties Group, Inc. ("IPG") and Enterprise Domains Inc. ("EDI") both based in Los Angeles, California. Both companies are now wholly owned subsidiaries of Riverdale Capital Ltd.
Enterprise Domains Inc. is a company specializing in the purchase, holding, and selling of valuable domain name intellectual property in a quickly shrinking market of available space. EDI uses its own state of the art technology to capitalize on this shrinking availability of domain name intellectual property while maximizing its return on investment by utilizing media syndication, internet marketing, and technology leasing opportunities.
EDI is comprised of four unique and distinctive divisions each with their own revenue generating avenues. The Technology, Media Syndication, Holding, and Internet marketing divisions make up the core revenue generating streams for EDI. EDI currently owns and operates its Launch Press Release ("LPR") proprietary technology, which is hosted at www.launchpressrelease.com.
This technology allows the divisions to easily manage the efforts of thousands of EDI domain names simultaneously in a collective effort. This technology gives us a competitive time sensitive edge over other domain holding companies. Riverdale currently owns over 5,500 domains.
Also, through the acquisition of EDI, an additional site, www.exnemsims.com has become another property for the Company. Though a revenue generating website, it is undergoing a major rebuild and will launch with a new look late in the current year and will continue to operate.
Internet Properties Group, Inc. has an established presence in selling online software and services. Its principal business is through the ownership and operation of the websites www.blogpromotionsoftware.com and www.seopainter.com. In addition, IPG has several web based services in development which will be available for launch later this year.
The websites www.blogpromotionsoftware.com and www.seopainter.com are websites that each sell a software package, which is available for download for $99.00 and $129.00 respectively. IPG derives a large part of its revenue from charging a purchase price to directly download their blog promotion software and SEO software.
Riverdale Capital Ltd. will continue to create, acquire and develop revenue generating web based services and intellectual properties.
This press release contains forward-looking statements that reflect the Company`s current expectation regarding future events. Forward-looking statements involve risks and uncertainties. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the Company to be different from those expressed or implied. Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements.