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Kuboo Inc Signs Letter Of Agreement To Acquire Onverse LLC


Wednesday, 24 Jul 2013 09:35am EDT 

Kuboo Inc, DBA Safe Communications, announced that they have signed a Letter of Agreement with Onverse.com, a virtual world geared towards the tween and teen markets. The agreement calls for an acquisition of Onverse for Safe stock, based on a valuation yet to be determined. Onverse has approximately 600,000 subscribers growing rapidly and is cash flow positive. Many are under 13 and have younger siblings, cousins and friends that fall into demographics. These subscribers will all be introduced to Kuboo.com with the launch of Kuboo's new version in early September. Terms of the transaction were not disclosed. 

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8 Jul 2014