Ubiquitech to Enter Multi-Billion Dollar Crowd Funding Industry With Its New Site, NeedFunded.com
TAMPA, FL--(Marketwired - Nov 14, 2013) - Ubiquitech Software, Inc. (www.ubiquitechsoftware.com) (OTC Pink: UBQU), an International Technology and Services company, is set to launch a popular new Website in the fast growing multi-billion dollar Crowd Funding industry called www.NeedFunded.com. Through NeedFunded.com, individuals can raise capital from other like-minded individuals for hundreds of different needs, from charitable foundations to students starting a Rock band, and everything in between. Crowd funding reached more than 5 billion in dollars raised over the last 24 months and is expected to reach over $15 billion per year by 2015. NeedFunded.com is poised to compete with some of the current industry leaders like KickStarter.com. EquityNet.com, and RocketHub.com.
"Crowd funding is the rage right now because it's a great way to get direct funding from people and avoid the banks, the credit checks, and the denials that can come with that," says Luke Dreyer, COO of Ubiquitech and the brainstorm behind NeedFunded.com. "With this new and exciting division we are tapping into a fantastic revenue stream that also fits perfectly with our Blue Crush Monetization System and our ability to create traffic," added Jim Ballas, CEO of Ubiquitech. "Crowd Funding has every element we look for in a new division, popularity, ease of transactions through a company like PayPal, no need for merchant banking, easy access for individuals, and the ability to utilize our existing traffic methods to produce results. It is perfect fit for us and is a perfect profit model as well."
NeedFunded.com is expected to raise approximately $2500 - $4500 per registration, and the company anticipates that it can obtain hundreds, even thousands, of active new registrations per month. This will quickly allow NeedFunded.com to grow while keeping costs down by using BCMG's existing traffic portals and ensuring quality traffic to the site. Like most of UBQU/BCMG's divisions NeedFunded.com will be free to use by the public, and earns revenues by taking a fee for services. The Needfunded.com site is expected to become fully operational during December.
"There is no limit to how much money people can raise through NeedFunded.com, because there is no limit to the amount of need for people to raise capital," says Jim Ballas. "Add to that the fact we can take NeedFunded.com global and it's easy to see how profitable we can be."
About Ubiquitech Software, Inc.
Ubiquitech Software, Inc., through its newly acquired subsidiary Blue Crush Marketing Group LLC, is a dynamic multi-media, multi-faceted corporation utilizing state-of-the-art global Internet marketing, plus Direct Response (DRTV) Television, Radio, and traditional Internet marketing, to drive traffic to the new and emerging multi-billion dollar industries.
This press release contains forward-looking statements. Words such as "expects," "intends," "believes," and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the OTC Markets Group. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
