Business
GripeVine Acquires MBE Holdings Inc.
GripeVine Acquires MBE Holdings Inc..
About this update from Flooidcx Corp.
[{"type":"text","content":"\n\n Toronto, Ontario, March 07, 2017 (GLOBE NEWSWIRE) -- GripeVine, Inc. (GRPV) announced that it has entered into a share exchange agreement dated February 28, 2017 (the “Share Exchange Agreement”) to acquire all of the total issued and outstanding shares of MBE Holdings Inc. (MBE), in exchange for the issuance of one (1) share of GRPV for every (30) shares of MBE. In accordance with the terms and provisions of the Share Exchange Agreement, GRPV issued an aggregate of 5,248,626 shares of its restricted common stock to the shareholders of MBE in exchange for 157,458,778 of the total issued and outstanding shares of MBE (constituting 100%), thus making MBE its wholly-owned subsidiary. The Board of Directors of GRPV and MBE deemed it in the best interests of the respective shareholders to enter into the Share Exchange Agreement pursuant to which GRPV would acquire all the technology and assets and assume all liabilities of MBE. \n New Business Operations GRPV will be involved in the ongoing development and marketing of “Gripevine”, which is a social customer experience platform for social customer service and consumer reviews.  “Gripevine” includes a proprietary process to assist companies in resolving customer service complaints (the “Gripevine Proprietary Process” or “Gripevine”). The Gripevine Proprietary Process helps consumers achieve resolutions while enabling businesses to improve consumer loyalty.  Our platform includes the handling of ratings, reviews, complaint resolution statuses while offering data collection features such as scoring, polling, comments, voting, and credibility points – all with the aim of creating a home for connections, resolution, business improvement, and loyalty enhancement. Consumers with legitimate customer service complaints can post it (“plant a gripe”) and connect with companies who in turn can interact with their customers on a level playing field to find an amicable resolution.  Mr. Hue, President/Chief Executive Officer, stated “Completing this process is exciting for us, and the timing couldn’t be better. GripeVine will be gaining access to hot capital markets at a time when consumers are looking to be heard and businesses are looking to engage with consumer voices. MBE Holdings, Inc. ...