Rarus Technologies Inc. (OTCBB: RARS) (“Rarus” or the “Company”) is delighted to announce that it’s signed an Exclusive Application Property, Technical Information & Trademark License Agreement with ThinkCorp AG for the acquisition of Zngle.com (the “Agreement”), a next-generation application platform that will to take social media to new levels and allow users to connect & communicate socially.
“The acquisition of the revolutionary Zngle.com technologies marks our entry in to the brilliantly popular & quickly growing social media space,” said Mr. Manfred Ruf, CEO of Rarus. “Zngle.com will set itself apart from other established social media platforms by incorporating traditional video, voice, & text messaging elements with innovative augmented propinquity reality & mobile technologies to generate a uniquely valuable experience for both individuals & business users.”
In the Agreement, in order to commercialize the business, it states that Rarus will acquire the worldwide exclusive license to all technical information, application, & trademarks necessary. OTCBB: RARS has to pay a total license fee of $22 million USD over a period of years & a 5% royalty on net sales derived from e commerce transactions, marketing, & other makes use of of the licensed technologies. Visit www.rarustechnologiesinc.com & www.zngle.biz to see new developments.
About Rarus Technologies Inc. (OTCBB: RARS)
Rarus Technologies Inc. (OTCBB: RARS) is a growing company that has established an innovative business model that will combine cutting-edge social media & e-commerce into one place that connects friends, relatives, consumers, & vendors in new & thrilling ways. Zngle.com is designed be a centralized internet portal & next-generation social media net site that incorporates video e-mail, voice/text messaging & mobile technologies to permit consumers to access real-time information about various products & services through augmented propinquity reality search features.
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