Magnitude Information Systems, Inc. (OTC Bulletin Board: MAGY) has received $875,000 of investment proceeds out of the $1 million in signed subscriptions from accredited investors. The investors, most of whom are already shareholders of the company, emphasized their commitment to the potential of the Kiwibox website offerings and technology.
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About Kiwibox
Founded in 1999, Kiwibox.com has been a leader in the teen space and provided its members with fully customizable profiles, daily news and articles, interactive games for real world prizes, a streaming music video library and a mobile version of the site, among other features. For advertisers and marketers. Currently, Kiwibox is exploring various new technologies to incorporate in its website. Kiwibox is the primary business unit of Magnitude Information Systems, Inc. (http://Magnitude.com) (OTC Bulletin Board: MAGY).
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