Published: March 06, 2008
BigString Corporation Closes on $700,000 Financing to Launch Marketing Strategies
RED BANK, N.J., March 6 /PRNewswire-FirstCall/ -- BigString Corporation
(OTC Bulletin Board: BSGC), a provider of social networking messaging
applications and user-controllable email services, announced today that it has
closed on a financing in the amount of $700,000. The financing consisted of
the private placement of unregistered convertible promissory notes and
warrants. Details of the financing are available in the Form 8-K filed by
BigString with the Securities and Exchange Commission on March 5, 2008, which
can be viewed at http://www.sec.gov. The proceeds of the financing will be
used to market the Company's product lines, including recently launched
product lines regarding social networking applications and self-destructing
video email, and for general corporate purposes.
Darin M. Myman, President and CEO of BigString, commented that, "We are
pleased that institutional investors have once again chosen to invest in our
company. The proceeds of this financing will be used, in part, to launch an
aggressive marketing and advertising campaign designed to increase awareness
of our core product lines. Our campaign will address the unique features of
our recallable, self-destructing email service, videos and other emerging
applications based on our patent-pending technology." He added that, "The
potential for BigString to establish new Internet protocols for online user
privacy is significant. We recently launched our self-destructing video
utility on Facebook, and we believe other social networking sites will follow
suit. We are now focused on getting the word out that personal messages and
shared media do not have to be stored in cyberspace forever."
About BigString Corporation
BigString Corporation, owner and operator of BigString.com, is a provider
of social networking messaging applications and user-controllable email
services. In addition to permitting users to send recallable, erasable, self-
destructing emails and video emails, Big String's patent-pending technology
allows emails and pictures to be rendered non-forwardable, non-printable and
non-savable before or after the recipients read them, no matter what email
service provider is used.
Statements about the future expectations of BigString Corporation, and all
other statements in this press release other than historical facts, are
"forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. BigString Corporation intends that such
forward-looking statements shall be subject to the safe harbors created
thereby. Since these statements involve certain risks and uncertainties and
are subject to change at any time, BigString Corporation's actual results
could differ materially from expected results.
Contact:
BigString Corporation
Darin Myman, 732-741-2840
darin@bigstring.com
Media Inquiries:
Greene Inc.
Howard Greene, 516-825-0400
greenepr@bigstring.com or greenepr@aol.com
Investor Relations:
OTC Financial Network
Rick McCaffrey
781-444-6100x625
rick@otcfn.com
http://www.otcfn.com/bsgc
SOURCE BigString Corporation; BigString.com
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