HENDERSON, Nev., Nov. 15, 2010 (GLOBE NEWSWIRE) -- KACHING KACHING, Inc. (www.kachingkaching.com) (OTCBB:KCKC) today announced it has completed its acquisition of ShopToEarth, Inc. (STE) in an all stock transaction.
The Company announced in late October its intent to acquire ShopToEarth, a leading direct sales affiliate e-commerce online retailer. Consummating this transaction provides KACHING KACHING with STE's rich database of over 100,000 prospective new super store owners. The Company expects this influx of seasoned representatives to greatly accelerate the growth of its independent store owner database.
Bob McNulty, Founder and CEO of KACHING KACHING, said, "We are pleased that our acquisition of ShopToEarth has closed. With STE's leading direct sales platform we can rapidly expand our footprint on the web and simultaneously advance our goal of becoming a leading provider of retail products, all while empowering individuals to positively change their lives."
STE has long-established partnerships with over 2,300 nationally recognized retailers such as Walmart, Home Depot, Ebay, Petsmart and Target, while also providing over 20,000 green products through its relationship with 300-plus green retailers such as Avalon Organics, Burt's Bees, Seventh Generation and Alba. ShopToEarth's mission is one of promoting not only its business, but more so products that are good for people and good for the planet. STE has positively impacted the lives of over 100,000 home based entrepreneurs, paying out over $50 million in cash back and commissions since its creation in 2006.
About KACHING KACHING, Inc.
KACHING KACHING, Inc. is the very first retail chain of online stores serving consumers on the Internet. It licenses co-branded proprietary online store fronts that can be operated by Independent Store Owners full or part-time with exponential viral growth. Each online storefront will offer millions of items and thousands of name brand products to sell at everyday low prices. Powered by superior customer service and driven by value, KACHING KACHING, Inc. provides every Independent Store Owner with the best opportunity for financial success. For more information, visit www.kachingkaching.com
Beyond Commerce, Inc. (www.beyondcommerce.com) (OTCBB:BYOC) is a significant shareholder of KACHING KACHING, Inc., with ownership of over 10.5 million shares.
Safe Harbor Statement
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Except for historical information, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting KACHING KACHING, Inc. operations, markets, products and prices and other factors discussed in the Company's various filings with the Securities and Exchange Commission.