College Tonight, Inc., finalizes merger with Simex Technologies, Inc.
College Tonight, Inc., a social networking experience and marketing platform, announced the completion of its merger with Simex Technologies, Inc. As a part of the transaction, College Tonight raised $1,639,500 in equity capital in private placements to accredited investors.
“We are elated to begin writing the next chapter of not only College Tonight, but also of the social networking revolution. As part of a public company, College Tonight intends to continue its mission of promoting actual social interactivity, rather than the sedentary lifestyle to which most sites relegate their users. Through diligent execution of our innovative mobile strategy, implementation of our unique privacy protection, and matchless local focus, we are leading college students across the country and the sector as a whole, towards what social networking should have evolved into by nowâ€“ taking the experience from computer interface, to face-to- face,” Zachary R. Suchin, the founder of College Tonight and the new President & CEO of Simex, said.
Over the next several months, College Tonight will introduce its members to an array of fresh and unique features including mobility. Through this dual online/offline marketing platform, sponsors will have an opportunity to expose their product to what has been called the most difficult to reach and fragmented audience in history, and to introduce their brands to students in ways that are inherently a part of the college experience.