October 2, 2009; 12:23 PM
LOS ANGELES, CA--(Marketwire - October 2, 2009) - Riverdale Capital, Ltd. (PINKSHEETS: RICP) announced today it has acquired Enterprise Domains Inc. ("EDI"), a Los Angeles based Internet company, for a combination of shares and cash.
Enterprise Domains Inc. is a company specializing in the purchase, holding, and selling of valuable domain name intellectual property in a quickly shrinking market of available space. EDI uses its own state of the art technology to capitalize on this shrinking availability of domain name intellectual property while maximizing its return on investment by utilizing media syndication, internet marketing, and technology leasing opportunities.
EDI is comprised of four unique and distinctive divisions each with their own revenue generating avenues. The Technology, Media Syndication, Holding, and Internet marketing divisions make up the core revenue generating streams for EDI.
EDI currently owns and operates its Launch Press Release ("LPR") proprietary technology, which is hosted at www.launchpressrelease.com.
This technology allows the divisions to easily manage the efforts of thousands of EDI domain names simultaneously in a collective effort. This technology gives us a competitive time sensitive edge over other domain holding companies.
Riverdale Capital, Ltd. is a company specializing in the acquisition, development, and sale of software and web based services through revenue generating internet websites, including www.blogpromotionsoftware.com, www.seopainter.com, and www.launchpressrelease.com.
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Forward-looking statements involve risks and uncertainties. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. These forward looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the Company to be different from those expressed or implied. Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements.