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Optimum Interactive (USA) Ltd.: Optimum Interactive Raises Capital Line to $6 Million by Founder & Board

^{Published on 2010-06-17 05:41:28 - Market Wire}
 

EVANSTON, IL--(Marketwire - June 17, 2010) - Optimum Interactive (USA) Ltd. Company (PINKSHEETS: [ OPTL ]), a leading provider of web-based organizational network and SaaS business tools, will continue to fund its expansion with an increase, from $3.2 million to $6 million, in its Founder, Board & Management Convertible Finance Facility.

The Finance Facility will be used to fund expansion of Optimum's development team, [ complete the ZOI Greek Telephone Directory acquisition ], and establish a cross channel sales efforts into the [ faith-based ] and professional channels to better serve and allow for the continued expansion of the Celect.org™ business model.

Celect.org™ serves over 1,200 organizations and maintains some 1.5 million unique members through its networks and services. Built on a proprietary technology platform with standards-based technology, the Celect.org™ website, CMS and database systems are capable of serving an organization's long-term technology objectives by consolidating information management from traditionally non-communicative systems to one fully integrated system.

"We are on track to change the way people think about online organizational management, member activity and interaction, and the marketing and commerce that must be part of the management system to operate efficiently," said Timothy Roth, CEO of Optimum Interactive. "The patent pending Celect.org™ platform is revolutionizing the way organization approach member management and permission-based marketing."

About Us:

[ Celect.org ]™, an Optimum Interactive (USA) Ltd. Company, is the leading provider of web-based network services for membership organizations including collegiate student organizations, faith organizations, non-profit organizations and professional associations. Based upon a patent-pending, one-click, one-system solution, the Celect.org platform helps membership executives to efficiently operate their organizations online. By removing administrative bottlenecks, the technology enhances membership participation and financial controls. Ideal for organizations with anywhere from 20 to 500,000+ members, the Celect.org platform allows membership organizations to effectively communicate and raise funds in a transparent, yet safe and secure manner. Held by parent company Optimum Interactive (USA) Ltd. (PINKSHEETS: [ OPTL ]), Celect.org, LLC is headquartered in Newport Beach, CA with additional offices in Illinois, Toronto, and New York.