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Kiwibox.com Inc:Accepted resignation of Craig Cody as Chief Financial Officer of Company, effective that day.Duties of position were assumed by company’s President and Chief Executive Officer, Andre Scholz, who also assumed title of Acting Principal Financial Officer of company.
Kiwibox.Com, Inc. announced that on May 18, 2012, it made the last payment of EUR1,600,000 to the principals from whom it purchased KWICK!, the German social network community, paying a total purchase price of EUR6,400,000 (approximately, USD8,300,000). This payment completes all of the conditions of the purchase and provides Kiwibox with absolute title to these valuable European assets, including the KWICK! Sensphere ASP platform and a trove of intellectual property assets.
Kiwibox.Com, Inc. announced that it has acquired the social network, Kwick! Community GmbH & Co. KG, a private German Limited Partnership and its General Partner Kwick! Community Beteiligungs GmbH for EUR7.1 million, or approximately USD10,000,000. Kwick! is a Social Network Community in Europe focused on the German-speaking market. As part of the acquisition, the former management team at Kwick! has signed agreements to remain with the Company and to continue to exploit its tremendous future growth potential.
Kiwibox.Com, Inc. announced its acquisition of the German Photo Book community Pixunity.de. Terms of the transaction were not disclosed.
Kiwibox.Com, Inc. reported in its Form 8-K that effective August 1, 2010, the Board of Directors appointed Andre Scholz to serve as the President and Chief Executive Officer (CEO) of the Company.
Kiwibox.Com, Inc. announced the receipt of $875,000 of investment proceeds out of the $1 Million in signed subscriptions from accredited investors. The investors, Swiss and U.S. residents, most of them are already shareholders of the Company.
Magnitude Information Systems, Inc. announced that it has merged with its two subsidiaries, Kiwibox Media, Inc. and Magnitude, Inc. and changed its corporate name to Kiwibox.Com, Inc. The merger and corporate name change become effective on December 31, 2009.
Magnitude Information Systems, Inc. announced that its Kiwibox has launched 4KIWI, a custom mobile platform for delivery of Kiwibox's exclusive content to their 2.4 million registered members.
Magnitude Information Systems, Inc. announced in its Form 8K that the Company has accepted the resignations of Edward L. Marney as the President and Chief Executive Officers and as a director. The Company also announced that the Bord Of Directors has appointed Dr. Rudolph Hauke to serve as co-President and CEO on an interim basis, effective July 14, 2008 and as a director.
Kiwibox.com, Magnitude Information Systems, Inc.'s primary business unit announced the launch of a new WAP service designed to expand their online community to mobile users. WAP, or wireless application protocol, is an open international standard for applications that use wireless communication to enable access to the Internet from a mobile phone or PDA. The extension into the mobile market will allow Kiwibox's 1.8 million teen users the flexibility to communicate on-the-go. Kiwibox's WAP site will translate the social networking features currently found on the Web site to the mobile handset.
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