LAST-incubated Social Advertising Company, Virurl, Featured in TechCrunch
SANTA MONICA, Calif., June 1, 2012 /PRNewswire/ — Los Angeles Syndicate of Technology, Inc. (OTCQB: LAST), a seed-stage venture fund and technology incubator, is pleased to announce that its portfolio company, Virurl, Inc. (“VIRURL”) was featured in premier online technology publication, TechCrunch.
The article can be found on TechCrunch: Virurl Raises $1.2M To Reward Users For Spreading Viral Content
VIRURL is a viral advertising platform that allows brands and media owners to instantly launch viral campaigns by incentivizing Web users to share links with their friends. “We know that people are social, and that the Web is social, so it makes sense that ads should be social as well,” said Francisco Diaz-Mitoma, CEO and Co-founder of VIRURL. “The holy grail for brand advertisers is having a piece of their content go viral — it really is about peer-to-peer sharing — and with VIRURL, we’ve created an online marketplace that makes that possible in under 60 seconds.”
About Los Angeles Syndicate of Technology, Inc. – www.last.vc
Los Angeles Syndicate of Technology, Inc. (OTC: LAST) is a publicly traded Business Development Company (BDC) operating as a venture fund and technology incubator that creates, builds, and invests in web and mobile technology companies. LAST develops digital media, social networking, and life sciences products in its technology incubator, and has a portfolio of six companies at different stages of development. LAST’s mission is to foster technology innovation by partnering with the most talented entrepreneurs in southern California and providing them with the capital, support and tools to bring their ideas to market and commercialize their products.
About VIRURL, Inc. – www.virurl.com
VIRURL is an online marketplace that allows brands to create instant viral marketing and advertising campaigns on the web. The VIRURL platform enables marketers to launch global viral campaigns by compensating Internet users to share videos, articles, music, promotional material and other media with their friends via digital formats such as email, or social networks.
VIRURL was founded by Francisco Diaz-Mitoma, the founder and former CEO of social gaming company Titan Gaming (now Playsino) and Tim Symington, a successful web entrepreneur who founded several technology companies, including a web-advertising platform that grew to over 90,000 publishers in under six months of operation.
Statements included in this release related to Los Angeles Syndicate of Technology, Inc. and its portfolio companies constitute or may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve a number of risks and uncertainties such as the inherent uncertainty of investing in early-stage technology companies, the technological and financial difficulties inherent in these activities, and the Company’s ability to estimate accurately net revenues due to variability in size, scope and duration of projects. Further information on potential risk factors that could affect the Company’s financial results can be found in the Company’s reports filed with the Securities and Exchange Commission.