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Valuesetters Acquires MAC Venture Group(Marketwire Via Acquire Media NewsEdge) WHITE PLAINS, NY -- (Marketwired) -- 09/12/14 -- Valuesetters Inc. (PINKSHEETS: VSTR) announced that it has acquired MAC Venture Group LLC ("MAC") for a purchase price of $200,000. MAC will operate as a wholly owned subsidiary of Valuesetters. Valuesetters' Chief Executive Officer, Manny Teixeira, said, "MAC is an important acquisition for us. In conjunction with the deal, we acquire an experienced executive, Patrick Cahill, to lead our sales and business development efforts. MAC expects minimum annual revenues of $250,000, but Patrick's goal is to reach $1 million in the first year." Mr. Cahill began his career with Kidder Peabody Inc., where he helped find and develop more than 100 deals that generated millions in capital investment. After leaving Kidder, he worked for PricewaterhouseCoopers, where he was a member of their management consulting group. Afterwards, Mr. Cahill was a Senior Partner for Don Aux Associates, a middle-market consulting firm. He led the firm in sales and new business development for seven years. Mr. Cahill has been at MAC for more than 15 years, and has successfully taken sales and marketing theory and adapted it to the practical applications required by the firm's clients. He plans to continue that role and bring new revenues to Valuesetters, in addition to building the sales of existing Valuesetters' products. MAC's website is http://mac-venture.com/. "I am eager to help Valuesetters grow quickly," noted Mr. Cahill. "I like the small investments that Valuesetters has made in other companies, and I believe that will continue. I also see many possibilities for its song platform and VoIP app. I look forward to working with the team to increase the value of our products and our equity." About Valuesetters: Valuesetters is an Internet-based company that seeks free subscribers and revenue-generating subscribers. The company operates on an automated basis with the belief that Internet operations, customer sign-ups, sales and game playing should occur without human intervention so that it can quickly expand in the event the number of subscribers begins to rapidly grow on a viral basis. Its focus is on the digital delivery of games, apps, movies and music. For more information, visit our web site at http://valuesetters.com. The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. VALUESETTERS: Manuel Teixeira CEO 203-525-0450 Email Contact Source: Valuesetters Inc |