EX-99.1
2
ex991pressrelease.htm
EXHIBIT 99.1 PRESS RELEASE
ex991pressrelease.htm
Cognigen
Networks,
Inc.
NEWS
RELEASE
10757
S. Riverfront Pkwy.
Suite
125
South
Jordan,
UT 84095 For
Immediate Release at 1 PM PSTTuesday, December 4, 2007
www.
cognigen.com
Cognigen
Networks Completes Acquisition of Commission River, Inc.
South
Jordan, UT, December 4, 2007/PRNewswire-First Call/ -- Cognigen Networks, Inc.
(OTC Bulletin Board:
CGNW
), an Internet-enabled marketer of
communications services and technology solutions, announced today the completion
and signing of an Asset Purchase Agreement to acquire substantially all of
the
assets of Commission River, Inc.
Cognigen
acquired the Commission River assets in exchange for 16,000,000 shares of
Cognigen's common stock. Commission River's current managers, Adam Edwards and
Patrick Oborn, have joined Cognigen's executive team and will direct affiliate
marketing-related activities for Cognigen and Commission River.
Cognigen's
CEO, Bob Bench, stated, "We believe this is a great event for Cognigen's agent
network, shareholders, and product vendors. The combination of Cognigen's
affiliate marketing agent base with Commission River's affiliate marketing
technology and programs will arm our agents with the tools, training, and
support they need to grow their businesses. We believe the thousands of agents
who have signed up for our affiliate marketing program will now receive
immediate attention and support from a team of experienced, professional
Internet marketers. This also gives us a platform on which to add new products
and deliver a stream of marketing tools".
"This
is
an exciting time for Commission River and Cognigen", said Adam Edwards,
Commission River President, "and for both affiliate programs. I believe the
combined company has the experience and capability to accelerate the growth
initiatives we have planned for the upcoming year. Commission River brings
an
in-depth understanding of managing affiliate programs and how to market products
through the Internet to small businesses and local community markets. Adding
this capability to Cognigen's existing agent base creates a tremendous
opportunity for all involved".
Cognigen
intends to continue offering its affiliate program and activities under the
direction of the Commission River team. Cognigen anticipates that Commission
River's program will be added to Cognigen's current service
offerings.
About
Cognigen
Cognigen
Networks, Inc. offers a wide range of telecommunication services and related
technology products via its Website,
http://www.cognigen.net
. Cognigen's
robust marketing engine harnesses distribution channels featuring a prominent
Internet presence, a network of independent agents and several affiliate groups,
each having their own customized website. Cognigen's agent-initiated
sales, as well as those generated directly from its main website, are fulfilled
via proprietary software utilizing the Internet. Cognigen sells as a
master agent the services of industry leaders such as AccuLinq, Inphonic
Cellular, Telarus, IBN Tel, Pioneer Telephone, OPEX, PowerNet Global and
UniTel. Since September of 1999, Cognigen has sold, on behalf of its
vendors and for its own account, services and products to approximately 880,000
customers worldwide.
In
addition to historical statements, the information set forth herein contains
forward-looking statements, including, without limitation, statements relating
to Cognigen Networks, Inc. (the "Company") and the anticipated results of the
recently-completed Commission River acquisition transaction (and related
transactions and activities). Although the Company believes that the
expectations reflected in the forward-looking statements are reasonable, no
assurance can be given that such expectations will prove to be
correct. The forward-looking statements involve risks and
uncertainties that affect the Company's business, financial condition and
results of operations, including without limitation, risks and uncertainties
associated with the integration of the two companies, the Company's possible
lack of producing agent growth, the Company's possible lack of revenue growth,
the Company's possible inability to add new products and services that generate
increased sales, the Company's possible lack of cash flows, the Company's
possible loss of key personnel, the possibility of telecommunications rate
changes and technological changes, and the possibility of increased competition.
Many of these risks are beyond the Company's control.
About
Commission River
Commission
River, Inc. is an online pay-per-action marketing network that gathers customers
for select vendors. Commission River provides marketing tools,
training, and tracking that enables online affiliates the ability to drive
leads
using blogs, paid search, and organic search engine optimization
techniques. Commission River likewise creates software that enables
affiliates the ability to coordinate, cross-link, and share ideas with each
other in a close-knit community whose emphasis is on mutual
success. Commission River clients include 1-800-FREE-411, AT&T,
VoIP.com, AccuConference, and more. Founded in 2005, Commission River
is headquartered in Draper, Utah with remote employees located throughout the
United States. For more information visit
www.commissionriver.com.
Source: Cognigen
Networks, Inc.
Contact: Robyn
Farnsworth
10757
S. Riverfront
Pkwy.
Suite
125
South
Jordan,
UT 84095
801-705-5128
801-7059372
robyn@bayhillgroup.com

EX - 99 . 1 2 ex991pressrelease . htm EXHIBIT 99 . 1 PRESS RELEASE ex991pressrelease . htm Cognigen Networks , Inc . NEWS RELEASE 10757 S . Riverfront Pkwy . Suite 125 South Jordan , UT 84095 For Immediate Release at 1 PM PSTTuesday , December 4 , 2007 www . cognigen.com Cognigen Networks Completes Acquisition of Commission River , Inc . South Jordan , UT , December 4 , 2007 / PRNewswire - First Call / -- Cognigen Networks , Inc . ( OTC Bulletin Board : CGNW ) , an Internet - enabled marketer of communications services and technology solutions , announced today the completion and signing of an Asset Purchase Agreement to acquire substantially all of the assets of Commission River , Inc . Cognigen acquired the Commission River assets in exchange for 16,000,000 shares of Cognigen 's common stock . Commission River 's current managers , Adam Edwards and Patrick Oborn , have joined Cognigen 's executive team and will direct affiliate marketing - related activities for Cognigen and Commission River . Cognigen 's CEO , Bob Bench , stated , " We believe this is a great event for Cognigen 's agent network , shareholders , and product vendors . The combination of Cognigen 's affiliate marketing agent base with Commission River 's affiliate marketing technology and programs will arm our agents with the tools , training , and support they need to grow their businesses . We believe the thousands of agents who have signed up for our affiliate marketing program will now receive immediate attention and support from a team of experienced , professional Internet marketers . This also gives us a platform on which to add new products and deliver a stream of marketing tools " . " This is an exciting time for Commission River and Cognigen " , said Adam Edwards , Commission River President , " and for both affiliate programs . I believe the combined company has the experience and capability to accelerate the growth initiatives we have planned for the upcoming year . Commission River brings an in - depth understanding of managing affiliate programs and how to market products through the Internet to small businesses and local community markets . Adding this capability to Cognigen 's existing agent base creates a tremendous opportunity for all involved " . Cognigen intends to continue offering its affiliate program and activities under the direction of the Commission River team . Cognigen anticipates that Commission River 's program will be added to Cognigen 's current service offerings . About Cognigen Cognigen Networks , Inc . offers a wide range of telecommunication services and related technology products via its Website , http://www.cognigen.net . Cognigen 's robust marketing engine harnesses distribution channels featuring a prominent Internet presence , a network of independent agents and several affiliate groups , each having their own customized website . Cognigen 's agent - initiated sales , as well as those generated directly from its main website , are fulfilled via proprietary software utilizing the Internet . Cognigen sells as a master agent the services of industry leaders such as AccuLinq , Inphonic Cellular , Telarus , IBN Tel , Pioneer Telephone , OPEX , PowerNet Global and UniTel . Since September of 1999 , Cognigen has sold , on behalf of its vendors and for its own account , services and products to approximately 880,000 customers worldwide . In addition to historical statements , the information set forth herein contains forward - looking statements , including , without limitation , statements relating to Cognigen Networks , Inc . ( the " Company " ) and the anticipated results of the recently - completed Commission River acquisition transaction ( and related transactions and activities ) . Although the Company believes that the expectations reflected in the forward - looking statements are reasonable , no assurance can be given that such expectations will prove to be correct . The forward - looking statements involve risks and uncertainties that affect the Company 's business , financial condition and results of operations , including without limitation , risks and uncertainties associated with the integration of the two companies , the Company ' s possible lack of producing agent growth , the Company 's possible lack of revenue growth , the Company 's possible inability to add new products and services that generate increased sales , the Company 's possible lack of cash flows , the Company 's possible loss of key personnel , the possibility of telecommunications rate changes and technological changes , and the possibility of increased competition . Many of these risks are beyond the Company 's control . About Commission River Commission River , Inc . is an online pay - per - action marketing network that gathers customers for select vendors . Commission River provides marketing tools , training , and tracking that enables online affiliates the ability to drive leads using blogs , paid search , and organic search engine optimization techniques . Commission River likewise creates software that enables affiliates the ability to coordinate , cross - link , and share ideas with each other in a close - knit community whose emphasis is on mutual success . Commission River clients include 1 - 800 - FREE - 411 , AT & T , VoIP.com , AccuConference , and more . Founded in 2005 , Commission River is headquartered in Draper , Utah with remote employees located throughout the United States . For more information visit www.commissionriver.com . Source : Cognigen Networks , Inc . Contact : Robyn Farnsworth 10757 S . Riverfront Pkwy . Suite 125 South Jordan , UT 84095 801 - 705 - 5128 801 - 7059372 robyn@bayhillgroup.com
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