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Viratech Acquires 50% of Newswire.net, in Spin Off of Cancer.im, Inc.
Mar. 07, 2017 08:30AM PST
Data Investing
Viratech (OTCPINK:VIRA) announced the acquisition of an additional 35,000,000 shares of common stock of Newswire, Inc., in exchange for all the issued and outstanding shares of Cancer.im, Inc. As quoted in the press release: “The Company’s efforts over the last 3 years have been focused on developing a social network platform, focused on capturing a multi …
Viratech (OTCPINK:VIRA) announced the acquisition of an additional 35,000,000 shares of common stock of Newswire, Inc., in exchange for all the issued and outstanding shares of Cancer.im, Inc.
As quoted in the press release:
“The Company’s efforts over the last 3 years have been focused on developing a social network platform, focused on capturing a multi perspective point of view via verified and vetted social collaboration,” stated Fred Schiemann CEO of Viratech. “With this announcement we have hit a milestone; first with this transaction, we gain a partner in Newswire, where we hope to harness Newswire’s distribution platform to promote our News as a Utility (NaaU) Engine.
“Second, we have achieved our Minimum Viable Product (MVP) threshold, on developing our first SNAP to reside on the www.cancer.imdomain on March 15, 2017. With the sale of Cancer.im, Inc. property, Viratech can now focus on developing new SNAP’s in the other health verticals. That is the beauty of software, once the infrastructure is built, replication into other health verticals becomes easier.”
“Viratech has engineered an amazing tool-set for the cancer community, and starting March 15, 2017, I am excited that our team will be able to curate, manage and produce some of the most relevant content on the web pertaining to cancer research,” stated Chris Ryan CEO of Cancer.im, Inc.