Buildablock Corp. (OTC Pink: BABL) (PINKSHEETS: BABL), owner of an online shopping platform, www.buildablock.com, which revolutionizes conventional online shopping, announced today it has begun the installation of its patent-pending software system which facilitates identifying and purchasing retail products and services on its www.buildablock.com website.
In short, BABL's filed patent application, entitled "A System and Method For Identifying and Purchasing Retail Products," relates to BABL's software system that allows a community of members, i.e., online users, to communicate and interact with one another with respect to the various products and services offered on the www.buildablock.com website.
"Once implemented in full, our patent-pending system will greatly enhance the user experience on our buildablock.com website," said CEO and Buildablock Co-Founder Gary Oberman. "We are confident that the new system will translate into increased retail sales though our website, which will serve to increase company revenues."
About BABL's Pending Patent
A System and Method For Identifying and Purchasing Retail Products is disclosed. The system allows a community of members to communicate and interact with one another. A member or members of the community may provide information related to a desired product or service to the community of members who may then collectively create an aggregate purchase offer for the desired product or service to a merchant or merchants. The system further provides a mechanism for the merchant to either accept the aggregate purchase price or to provide a counter-offer, and further provides a mechanism for members of the community of members to either accept the counter-offer or to provide a new counter-offer to the merchant. The system and related methods may further interoperate with social networking systems and methods and provide social networking abilities to the community of members.
About Buildablock Corp.
Buildablock.com is an online shopping platform that revolutionizes conventional online shopping. We bring together great ideas, such as group discounts, wish lists, online negotiations, and more into a unique venue that empowers shoppers to save on the items they want from the merchants they choose.
This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with OTC Markets, Inc.'s OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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