Spectral Capital Corporation, (FCCN.QB) announced today it has completed
the transaction to acquire majority control of Monitr, which includes
all intellectual property and assets that the company has and will
develop. Monitr is Spectral's third acquisition in nine months.
Monitr has been developing its technology for a number of years that
integrates semantic processing, data analytics, real time search and
machine learning into one platform. The platform will also have a social
media component. Through the complex network of algorithms and coding,
Monitr's technology will seamlessly combine these very specialized
systems to create an experience superior to current products on the
market. The initial product will be marketed to the financial industry
and is expected to launch in 2014.
The premise of Monitr's product development is not to change people's
behavior in how they gather their financial information and knowledge,
but to enhance and add value to the information they are viewing. As
people use Monitr, they will be given added layers of knowledge and
insight through its use of semantics, data analysis, real time data
delivery and personalized learning technology. Additionally, users will
be able to share information with other Monitr users.
Monitr will become an essential tool for those who have personal or
professional interests in stock portfolio analysis, who want to research
possible investment opportunities, to learn in depth competitive
analysis and trends, and see breaking stories as they are emerging in
real time. Additionally, with its social component, Monitr users will be
able to share information with other people who have the same interests.
'We are very pleased to have Monitr as a part of the growing list of
specialized technology companies under the Spectral flag. The idea
behind this technology is incredibly complex; however, we are very
confident in the ability of the team to deliver. The diversity of
knowledge and successful track record of the development team will bring
this creative endeavor to life. We are looking forward to a long and
successful relationship with Monitr', said Jenifer Osterwalder, Spectral
CEO.
ABOUT SPECTRAL: Spectral teams with visionary early stage technology
companies that have an idea that can shake up a market by exploiting
existing weaknesses or by creating something entirely new; and where
team members have the synergy and ability to accomplish this task.
PRESS RELEASE FORWARD LOOKING STATEMENT: This press release contains
forward-looking statements (as defined in Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended) concerning future events and the Company's growth
and business strategy. Words such as 'expects,' 'will,' 'intends,'
'plans,' 'believes,' 'anticipates,' 'hopes,' 'estimates,' and variations
on such words and similar expressions are intended to identify
forward-looking statements. Although the Company believes that the
expectations reflected in such forward-looking statements are
reasonable, no assurance can be given that such expectations will prove
to have been correct. These statements involve known and unknown risks
and are based upon a number of assumptions and estimates that are
inherently subject to significant uncertainties and contingencies, many
of which are beyond the control of the Company. Actual results may
differ materially from those expressed or implied by such
forward-looking statements. Factors that could cause actual results to
differ materially include, but are not limited to, changes in the
Company's business; competitive factors in the market(s) in which the
Company operates; risks associated with operations outside the United
States; and other factors listed from time to time in the Company's
filings with the Securities and Exchange Commission. The Company
expressly disclaims any obligations or undertaking to release publicly
any updates or revisions to any forward-looking statements contained
herein to reflect any change in the Company's expectations with respect
thereto or any change in events, conditions or circumstances on which
any statement is based.
Copyright Business Wire 2013