Optimum Interactive Raises Capital Line to $6 Million by Founder & Board Marketwire "Press Releases " EVANSTON, IL -- (MARKET WIRE) -- 06/17/10 -- Optimum Interactive (USA) Ltd. Company (PINKSHEETS: OPTL), a leading provider of web-based organizational network and SaaS business tools, will continue to fund its expansion with an increase, from $3.2 million to $6 million , in its Founder, Board & Management Convertible Finance Facility.
The Finance Facility will be used to fund expansion of Optimum's development team, complete the ZOI Greek Telephone Directory acquisition, and establish a cross channel sales efforts into the faith-based and professional channels to better serve and allow for the continued expansion of the Celect.org™ business model.
Celect.org™ serves over 1,200 organizations and maintains some 1.5 million unique members through its networks and services. Built on a proprietary technology platform with standards-based technology, the Celect.org™ website, CMS and database systems are capable of serving an organization's long-term technology objectives by consolidating information management from traditionally non-communicative systems to one fully integrated system.
"We are on track to change the way people think about online organizational management, member activity and interaction, and the marketing and commerce that must be part of the management system to operate efficiently," said Timothy Roth , CEO of Optimum Interactive. "The patent pending Celect.org™ platform is revolutionizing the way organization approach member management and permission-based marketing."
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NEWPORT BEACH, Calif., Mar 18, 2010 (GlobeNewswire via COMTEX) — Celect.org(TM), an Optimum Interactive (USA) Ltd. Company (Pink Sheets:OPTL), a leading provider of web-based organizational network and SaaS business tools and services for collegiate fraternities, sororities and Greek organizations, now serves over 1,200 organizational clients and has measured more than 1.3 million unique member log-in and active users accumulated in less than two years.
Anthony Roth, CEO of Optimum Interactive, stated, “The ZOI Greek Telephone Directory will launch our first major marketing initiative by bringing significant expertise and a proven advertising revenue model onto the Celect.org(TM) system. We expect to increase our sales for 2010 and 2011 by some $2.5 – $4 million annually via the acquisition and marketing synergies from the robust organizational client database and campus directories.”
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