|By Marketwired .||
|September 4, 2013 03:07 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/04/13 -- CoreComm Holdings Inc. ("CoreComm" or the "Company") has signed an LOI with Venza Gold Corp. (OTCBB:VZAGF), an OTCBB company, with the intention to merge subject to due diligence by both companies.
In conjunction with the aforementioned LOI, the Company will undertake a non-brokered financing (the "Financing") of up to $500,000 involving the issuance of up to 5,000,000 common shares at a price of $0.10 per share. The proceeds of the financing will be used primarily for the start of the development of edForm portal component, purchases of Dell PowerEdge(TM) M1000e Blades as well as technical due diligence and legal expenses in conjunction with transaction. The remaining proceeds will be applied to general working capital.
The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended, (the "U.S. Securities Act") or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the Company's securities in the United States.
About edForm and edForma
CoreComm is launching the edForm and edForma search portals to serve the complex research requirements of English and Spanish education users. The combined market is over 70 million users.
When an education user asks a complex question, the major search engine results are quite often unsatisfactory. As a result, the market for "complex education queries" remains un-served or under-served.
A new solution for education research is required, and that is the edForm and edForma web portals.
About CoreComm Holdings Inc.
CoreComm is commercializing the Correlation Technology Platform (CTP) in the education market. CoreComm has acquired a worldwide license utilizing the CTP in Education. The platform is targeted at the public and private K12 market sectors.
Make Sence, Inc. is providing CoreComm the unique and patented (CTP) Correlation Technology Platform. CoreComm utilizes the CTP to provide a proprietary specific software architecture layer to deliver the edForm and edForma portals dedicated to the needs of the education marketplace.
Utilizing the unique and patented Correlation Technology Platform (CTP) as the basis for addressing education resources, edForm is able to open accurate and unique views on silos of documents for education users not available today. No current retrieval technology can match us either in its reach or in its completeness of addressing the permutations of a complex query.
The edForm and edForma education portal transforming the way students and teachers utilize learning resources on a global basis.
CORECOMM HOLDINGS INC.
James Hyland, Director
This press release contains forward-looking statements. Forward-looking statements are subject to risks, uncertainties and assumptions and are identified by words such as "expects", "intends", "estimates", "projects", "anticipates", "believes", "could", and other similar words. All statements addressing product performance, events, or developments that CoreComm Holdings Inc. expects or anticipates will occur in the future are forward-looking statements. Because the statements are forward-looking, they should be evaluated in light of important risk factors and uncertainties. Should one or more of these risks or uncertainties materialize, or should any of CoreComm Holdings Inc.'s underlying assumptions prove incorrect, actual results may vary materially from those currently anticipated. In addition, undue reliance should not be placed on CoreComm Holdings Inc.'s forward-looking statements. Except as required by law, CoreComm Holdings Inc. disclaims any obligation to update or publicly announce any revisions to any of the forward-looking statements contained in this press release. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. No stock exchange, securities commission or other regulatory body has reviewed nor accepts responsibility for the adequacy or accuracy of this release.