Jennifer Pharris, founder and CEO of C$ cMoney, Inc., a development stage mobile technology company based in Houston, today announced that she has acquired majority stock ownership of Bonfire Productions, Inc. Terms of the transaction were not disclosed. The previously announced intention of C$ cMoney to merge with Bonfire is currently pending. Bonfire will continue to be a legally independent and publicly listed stock corporation until such time as the merger is complete.
C$ cMoney has developed a new and innovative way to send money and pay for goods and services using a cell phone. The mobile application, scheduled to launch this summer, will enable consumers to download and use it with virtually any mobile device, and will eliminate identity and credit card theft.
In March of this year, C$ cMoney, Inc. secured a commitment for $15 million in funding from Kodiak Capital Group, LLC of New York City. Earlier this month, C$ cMoney announced it had entered into a strategic alliance agreement with US Dataworks, Inc. in Houston for shared technology and support of the upcoming product launch of the C$ cMoney mobile payment application.
About C$ cMoney, Inc.
C$ cMoney, Inc. is a Houston-based company that has developed a new and innovative way to send money and pay for goods and services using a cell phone and the text messaging system. It can be used anywhere that cash, checks or credit cards are accepted. In addition, C$ cMoney eliminates identity and credit card theft for users. For more information, visit www.cmoney.com.