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SOURCE BreedIT Corp
NEW YORK, January 9, 2014 /PRNewswire/ --
BreedIT Corp (OTC: BRDT; "BreedIT" or the "Company"), through its Israeli subsidiary, BreedIT Ltd., exclusive worldwide distributor of highly sophisticated agro-breeding solutions for plant breeders and researchers, today announced that it has engaged American Capital Ventures, a boutique provider of comprehensive investor relations, financial marketing and capital advisory services to the micro- and small-cap community.
Dr. Oded Sagee, CEO and founder for BreedIT Ltd, commented, "BreedIT's IDSS Intelligent Decision Support System (the "IDSS Software") combined with BreedIT Corp's billing and cloud support system is capable of truly revolutionizing the global agro-breeding industry. It provides breeders with a highly-advanced and efficient means of increasing quantities, improving quality, and producing more dedicated plants and with better resistance to disease and environmental stress. Backed by internet support, not only does it help to reduce cost and increase efficiencies for customers, but also it allows greater flexibility to grow, improve and perfect certain variations of plants,such as Cannabis, just one of the lucrative sub-markets we are focused on penetrating."
He continued, "Looking ahead we are eager to begin communicating this opportunity to investors and the greater investment community both in the U.S. and abroad, and are pleased to have engaged American Capital Ventures in this effort. They will be undoubtedly instrumental in helping us reach our subsequent stage of growth."
Howard Gostfrand, President of American Capital Ventures, commented, "We are equally as pleased to be working with BreedIT on their investor relations initiatives. It is our belief that they have the skill set, research backing and proven, unparalleled agro-breeding technology to pursue large customers in variety of markets and achieve a sustainable leadership position within those markets. We look forward to working alongside management to convey their unique opportunity to the investment community."
Prior to the investment with BreedIT Ltd. in August 2013, BreedIT Corp, formerly known as Progaming Platforms Corp. (OTC: PPTF), was engaged solely in software development for social media and gaming markets. In December of 2013, the company underwent a name change to "BreedIT Corp." and ticker symbol change to "BRDT" to better reflect its current focus on servicing the agro-breeding needs of corporations, research and government institutions through its licensed, revolutionary IDSS Software and internet based support system.
About BreedIT Corp
BreedIT Corp (OTC: BRDT), through its Israeli subsidiary, BreedIT Ltd., is the developer of highly sophisticated agro-breeding solutions for plant breeders and researchers. BreedIT's proven Intelligent Decision Support System (the "IDSS Software"), which was developed by a team consisting of among the world's leading breeding specialists for optimizing the breeding processes, services the plant breeding needs of corporations, research and government institutions. BreedIT's IDSS provides advanced solutions for generating and disseminating knowledge aimed at assisting breeders to plan, manage and analyze their breeding data and to perform research activities quickly and effectively.
Founded in 2010, BreedIT corp has offices in New York, New York and in Rehovot, Israel.
This letter contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain. In evaluating such statements, prospective investors should review carefully various risks and uncertainties identified in this release, as actual results may differ materially from those indicated.* BreedIt Corp's public filings may be viewed at http://www.sec.gov/.
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