Company's New Focus Is on Incubating High Revenue Scalable Companies in Growing Markets and Then Spinning Them off Through the Issuance of Shares to Existing Shareholders of Record
LAS VEGAS, NV / ACCESSWIRE / November 17, 2020 / Cyber Apps World Inc. (OTC PINK:CYAP), a company that intends to focus on using strategic investment strategies to fund, incubate, launch, and grow profitable, multiple businesses as wholly-owned subsidiaries and then spin them off, which will enable the company to issue all CYAP shareholders additional shares in new public subsidiaries in a number proportional to their percentage interest in the stock of Cyber Apps, today announced that it is now positioned to embark on its new business plan
The company has completed an internal re-organization, secured executives with significant specific experience, qualified a Regulation A offering priced to raise $1.5 million dollars at $.40/share, and is preparing to launch its first spin-off when development is completed. When completed, shares in the new public entity will be issued to existing CYAP shareholders in proportion to their then current interest in CYAP, subject to and in accordance with applicable regulations. This spin-out is intended to be the first of more to come.
The company has identified a series of acquisitions targeting apps and online services for individuals and corporations alike and has obtained the services of an experienced executive with experience in these specific areas to negotiate and enter into asset purchase agreements. Mohammed Irfan Rafimiya Kazi has acted as the company's President, CEO, CFO, and as a director since March 10, 2020. From January 2012 to February 2020, Mr. Kazi acted as a website developer and technical manager for various companies, including Nuclear Power Corporation of India, and E-Digix Technologies Pvt. Ltd., all of which are based in India. He earned a Bachelor of Computer Application degree from Farah Institute of Computer Science in Hyderabad in 2003.
The funding of up to $1.5 million dollars pursuant to the qualified Regulation A offering will, subject to successful completion, enable the company to acquire or found, incubate, and launch various products or services and become revenue positive subsidiaries.
The company is excited about launching its dynamic real-time price comparison SmartSaveNow website and app. A price comparison website, also known as comparison shopping website, comparison shopping agent, price analysis tool, or comparison shopping platform, is a platform where a user can use filters to compare products on the basis of features, reviews, price, and other factors. Price comparison websites are online platforms where all data related to certain consumer goods are merged so that the user does not need to access individual websites to compare products.
The SmartSaveNow app will provide users with the lowest real-time price on all its items. Customers will no longer need access multiple sites to find the lowest price for an item. The price comparison website market is expected to increase at a significant growth rate during the upcoming years. SmartSaveNow will first launch in the USA and then other countries all over the world. The application has been developed with a view to rapid expansion into other countries. The global price comparison website market is supported by various growth drivers, such as increased internet penetration, smartphone use, and increasing market switching.
Price comparison websites have become increasingly popular around the world over the last ten years. In the United Kingdom and the United States, market research groups have estimated that $1.5 billion transactions pass through this well-established industry annually, according to Wize Commerce.
Mohammed Irfan Rafimiya Kazi, the company's President said, 'We are excited about Cyber Apps' new business model that will focus on acquiring and developing additional assets and electing to spin them off. We believe that our spin-off strategy will maximize shareholder value since stockholders will not only benefit from Cyber Apps' operation and the anticipated rapid expansion of the SmartSaveNow app business given its unique system design, but also from receiving shares of future spin-off subsidiaries
SmartSaveNow's mission statement is to provide the lowest real-time price on all consumer items it offers for sale through its website. Customers will have the confidence that when shopping online with smartsavenow.com, they will not have to price compare at multiple sites for an item. The SmartSaveNow.com website will launch in the USA with over 25 million items and provide customers real-time prices from websites like Wal-Mart, Best Buy, EBay, Target and others, guaranteeing the lowest price for an item at that particular time.
In the USA, SmartSaveNow expects to be approved by over 90 sellers including Amazon, Nordstrom and Home Depot. Additionally, in nine countries including Canada, UK, Germany, SmartSaveNow intends to be approved by over 500 sellers.
The platform has been developed to operate on iOS, Android, and personal computers. After its initial launch in the USA, SmartSaveNow intends to launch in an additional nine countries within five months.
For more information go to: http://smartsavenow.com
About Cyber Apps World Inc.
Cyber Apps World, Inc. is a company that is dedicated to acquiring and developing a worldwide ecommerce internet platform with the purchase and sale of products and services by way of mobile/computer applications worldwide. Cyber Apps World anticipates making available to subscribers, an ever-growing list of applications and programs.
For more information go to: https://cyberappsworld.com
This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. That includes the possibility that the business outlined in this press release cannot be concluded for some reason. That could be as a result of problems that were not anticipated. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Cyber Apps World, Inc. to be materially different from the statements made herein. Except for any obligation under the U.S. federal securities laws, Nature Consulting, Inc. undertakes no obligation to publicly update any forward-looking statement as a result of new information, future events or otherwise.
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SOURCE: Cyber Apps World Inc.
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