Strategic Global Investments, Inc. , in a move that could dumbfound the likes of Google, Facebook, Youtube and Yahoo bought control of Social Media Company WaZuu, Inc. for all stock. WaZuu, Inc. owns the six year old website http://wazuu.com which was positioned by the former president, Lee Schwuchow, SEO expert, to be the premier live streaming video site for bars, restaurants, concerts and other types of venues.
With the increases in bandwidth and the ease with which live videos can be shot, Strategic believes that the timing is perfect to acquire, develop and promote a major node on the social network. I believe they are right. This concept makes so much sense, especially for bars and nightclubs that it is amazing that no one else has already done to any great degree. The Company’s slogan, “If You Want to View it – WaZuu it!”, perfectly fits the concept of going on your computer or smart phone to see wants going on at a location before you drive over to it to find out that it is not where you want to be.
I must disclose that I am a shareholder and I am glad that I am. I am not being paid to make these comments or write this blog post. You should of course check with your financial professional before investing. I will admit that there are certain price points that would elicit a sell order from me, but I personally believe that if LinkedIn could sell shares for over $30 per share and Facebook for almost $30 per share both in a private market. How high could Strategic Global go in a public market, since the Company is already public on the OTC market. It seems to me that the sky is the limit for social media, social networking sites and especially for Strategic Global Investments, Inc’s. current majority owner of WaZuu, Inc.
Garland E. Harris
Companies: STRATEGIC GLOBAL INVESTMENTS, INC.
Symbol OTC: STBV
Press Release Source: Strategic Global Investments, Inc. On Wednesday February 2, 2011, 10:00am EST
CARLSBAD, CA – Strategic Global Investments, Inc. (Pinksheets:STBV – News) acquired controlling interest in Wazuu, Inc., a Florida corporation and the owner of the social media website www.WaZuu.com as well as other social media websites, in an all stock transaction for an undisclosed number of shares of STBV common stock.
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