SEATTLE--(BUSINESS WIRE)--Spectral Capital Corporation, (FCCN.QB) announced today that it has opened an office in Mumbai, India for marketing initiatives of Spectral's portfolio products and for evaluating potential acquisition opportunities.
The office will provide marketing support for soon-to-be-launched 'noot' as well as the products and services offered by Kontexto. Noot is an ideal product for the young Indian population where tablets and smartphones are emerging as the devices of choice and trending to become mainstream consumer behavior. Kontexto's products and services have limited competition in the Indian market providing for large growth opportunities
'Mumbai is India's wealthiest city and has immense opportunities for the marketing of our portfolio companies' products and services, in addition to being a fertile environment for emerging technology companies with whom we can partner with or acquire', stated Jenifer Osterwalder, Spectral CEO.
'Additionally we believe Mumbai is an ideal location for early adaption for our flagship product 'noot', which is expected to be launched soon. India has 24 million internet enabled smartphones today and it is expected to grow more than tenfold in the next 4 years to 264 million. Having a marketing plan and strategy for this market in our early stages is important and one in which the company can benefit from,' continued Osterwalder.
For more information on Spectral's portfolio companies, please visit:
ABOUT SPECTRAL:
Spectral acquires and partners with early stage technology companies that have the ability to grow into independent public companies. We focus on identifying markets in which a start up has the opportunity to greatly enhance or become a complete game changer. We look for technology that is patentable. Through our knowledge and vast network of professionals from around the world, as well as our experience as entrepreneurs, we provide support and encouragement for our portfolio teams and their visions. Spectral's portfolio teams are consumed and innately passionate about the development of their ideas.
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.