Reelcause, Inc. Commences Trading as RCIT on the OTC Markets
SOURCE Reelcause, Inc.
FORT LAUDERDALE, Fla., March 4, 2015 /PRNewswire/ -- Reelcause, Inc. (OTC:RCIT), a Florida based global crowdfunding and fundraising video platform, is pleased to announce that it has reorganized itself as a public company following Board of Directors approval. Reelcause closed a transaction on October 27, 2014, in which Reelcause (formerly named, China Green Energy Industries Inc.) acquired Reelcause Inc. of Fort Lauderdale, Florida by means of an exchange of shares. Following the acquisition, China Green Energy Industries changed its name to Reelcause Inc., effective December 11, 2014. Effective immediately, the Company is now quoted on the OTC Markets under the trading symbol "RCIT."
Reelcause, Inc.
Since the company's official launch at the United Nations on January 8, 2015, Reelcause has become the number one fundraising/crowdfunding destination for global entities like the Joyce Banda Foundation, especially during the recent flood crisis in Malawi. Other foundations, such as NFL greats Drayton Florence and Tommie Harris have also selected Reelcause to be their primary revenue driver due to the platform's video and multiple incentive capabilities.
Reelcause is the only crowdfunding/fundraising destination that mingles social media driven incentives, ranging from heavily discounted gift cards to experience packages, with its People Sourcing© program.
"We provide more reasons for a potential supporter to come to the custom branded organization's site than any other program on the market," says Michael Jacobson, Reelcause CEO. "We engage viewers with entertainment, challenges, rewards, awards, random prizes and dollar values. While our product is entertainment, our by-product is generating new revenue, new donors and improving current donation revenue for the organizations we service."
About Reelcause, Inc.
Reelcause is a ground-breaking, leading-edge concept dedicated to a smarter way to crowd fund and generate donations. Beyond social networking to generate funds, Reelcause provides members with significant revenue opportunities, while providing a platform of tangible rewards to an endless number of networks. The more your followers love you, the more you can show your love to a vast number of followers. Join the movement at www.reelcause.com.
Notice Regarding Forward-Looking Statements
This news release contains forward-looking statements, which reflect our views with respect to future events and financial performance. These forward-looking statements are subject to certain uncertainties and other factors that could cause actual results to differ materially from such statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For all such forward-looking statements, we claim the safe harbor for forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company disclaims any obligation to update any forward-looking statement made herein.
Media Contact:
Gina Ragusa, Director of Communications
Reelcause, Inc.
Email: gina@reelcause.com
Phone: 954-612-2821
Investor Relations Contact:
Natalya Rudman
Crescendo Communications, LLC
Email: RCIT@crescendo-ir.com
Phone: 212-671-1020 Ext: 304
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