HENDERSON, Nev., May 14, 2012 /PRNewswire/ -- Rarus
Technologies Inc. (OTCQB: RARS) ("Rarus") is pleased to provide
this corporate update with regard to the Rarus' recent acquisition
of Zngle.com, a next-generation internet platform that fuses
popular social media elements with cutting-edge local area
e-commerce technologies to create new exciting ways for users to
connect and communicate with friends, family, and businesses.
"The acquisition of Zngle was a major paradigm shift for Rarus
and going forward we'll be implementing an exciting business
strategy centered around two of the fastest growing segments of the
new economy - interactive social media and local area e-commerce,"
said Mr. Manfred Ruf, CEO of
Rarus. "Zngle is designed to take interactive social media to the
next level and bridge the gap between consumers and local
businesses like never before. According to Internet Retailer
(www.internetretailer.com), the local area e-commerce marketplace
is expected to grow to over $1.5
trillion by 2015 and we hope that Zngle technologies will
play an important role in capturing a portion of the income to be
generated in this industry."
Mr. Ruf continued, "We are also extremely pleased with the rapid
growth we've seen in our user base over the last month. We expect
this trend in user growth combined with the potential market for
our apps in the local area e-commerce marketplace will form a
winning business model."
Rarus is also now finalizing the expansion of a senior
management and development team to launch, promote, and maintain
the Zngle.com platform and Rarus expects to make several
significant appointments in the near future. Further updates
regarding Zngle.com and other Rarus Technologies business
developments will be made as additional information becomes
available.
About Rarus Technologies Inc. and Zngle, Inc.
Rarus Technologies Inc. was incorporated in 2010 and is an
emerging technology company focused on establishing an innovative
business model intended to bridge cutting-edge social media and
e-commerce into a marketplace that connects friends, family,
consumers, and vendors in new and exciting ways. In May, 2012,
Rarus Technologies Inc. incorporated Zngle, Inc. as the its primary
subsidiary and operations base for the Zngle.com licensed internet
platform. Zngle.com is designed be a centralized Internet portal
and next-generation social media website that incorporates
voice/text messaging, video email, and mobile technologies to allow
consumers to access real-time information about various products
and services through augmented proximity reality search
features.
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SOURCE Rarus Technologies Inc.