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Thrive World Wide Provides Corporate Update

^{Published on 2010-07-20 07:30:27 - Market Wire}
 

LAKE GENEVA, WI--(Marketwire - July 20, 2010) - Thrive World Wide, Inc. (OTCBB: [ TWWI ]) is pleased to provide current and prospective shareholders and business partners with a corporate update.

We are currently negotiating the purchase of all the mobbuys.com properties as well as the software associated with them from Barter of America. This will allow us to launch daily deal websites globally which we expect could measurably enhance revenues. We are anticipating launching the first in San Diego.

We are in the process of negotiating with a debt holder, who is also a shareholder, to retire their $42,000 note and return 683,500 shares of the Company's common stock to the Company's treasury. This will leave 32,695,125 shares of common stock issued and outstanding.

In order to support our local daily deal programs and enhance the differentiation of our competition, we have recently closed the acquisition of the rewards programs mycitypoints.com from Jarish, Inc.

Please stay posted to future announcements and updates on the progress of Thrive World Wide, Inc. With the aggressive approach we have taken towards growing revenue streams within our business model, management believes that the continued expansion we are pursuing within our divisions could further increase revenues as well as our ranking as an emerging leader within its respective sector(s).

About Thrive World Wide, Inc.

Thrive Worldwide, Inc. is a Nevada corporation having offices located at 638 Main St Lake Geneva, WI 53147. Thrive World Wide, Inc. an emerging next-generation marketing & communications firm specializing in social/new media marketing and group buying; the barter economy; local advertising; and hard copy & digital magazine production and media solutions, today updated the public on its new strategic plan for 2010 and beyond.