LAS VEGAS, NV, United States, via eTeligis Inc., 05/22/2014 - - Cubed, Inc. (OTCQB: CRPT), the provider of the first, fully functional, three-dimensional cube that appears on the screens of mobile devices, the Get CUBED mobile-first platform, recently announced the closing of its initial private placement offering of common stock. The stock offering was priced at $1.00 per share for restricted equity. The offering was originally set to close at a maximum of $1,000,000. Due to demand from investors, however, the Company's board of directors decided to allow the offering to be oversold to a total of $1,100,000. The shares were offered exclusively to accredited investors, and the offering and sale of the shares was exempt from registration under Rule 506 of Regulation D.
"We are extremely pleased at the response to our initial offering of stock, and very happy to have completed this round of financing," said Joseph White the Company's CEO. "These funds are already being used for final development and release of our product, the Cube. We are also completing new agreements to expand and enhance the Company's business plan. We expect these actions to begin creating increasing revenue streams in the near future."
About Cubed, Inc.
Cubed, Inc. is a Nevada corporation which recently acquired certain Intellectual Property related to the Get CUBED mobile-first platform. The Get CUBED mobile-first platform is a three-dimensional functional cube that appears on the screens of mobile device owners, allowing developers and users to present complex and contextual concepts in a clear and simple manner. The Cube is thus a canvas designed to instigate creativity and improve communication in today's mobile-first world. Emphasizing clarity over clutter, Get CUBED provides businesses, charities,thumbloggersand other subscribers of this new mobile app with a simpler way to organize the central forms of human expression -- audio, video, image and text- and then pass them along to others in a single compelling platform. This allows Cube Users to share information, market their products and services, and project their ideas, among other things, all in a manner that is vastly more compelling and concise than ever available in the mobile space before the Cube.
The Company's principal offices are located at 830 South 4th St., Las Vegas, Nevada 89101. Web domain: www.getcubed.com.
The Company is a fully-reporting public company incorporated in the state of Nevada and trading on the Over-the-Counter Bulletin Board in the US (OTCBB: CRPT).
For further information please visit www.GETCUBED.com
Forward Looking Statements
Thispress release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those identified under "Risk Factors" in the Company's most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q and in other filings made with the Securities Exchange Commission. Actual results may differ materially from those contemplated by these forward-looking statements and the Company does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date of this press release.
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SOURCE: Cubed, Inc.