Monster Arts Creates Series B Preferred for $5M Equity Line, Issues to Premiere Venture Capital Partners

LAS VEGAS, NV / ACCESSWIRE / November 5, 2015 / Monster Arts, Inc. (PINKSHEETS:APPZ) announces that its Board of Directors has authorized the creation of 5,300 shares of Series B Preferred stock. APPZ filed a Certificate of Designation of Series B with the Nevada Secretary of State on October 28, 2015 in anticipation of moving forward with the $5,000,000 preferred equity line with Premiere Venture Partners LLC, which was previously announced on March 16, 2015.

See the Form 8-K from March 16, 2015:

http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&dcn=0001262463-15-000167&nav=1&src=Yahoo

Use of proceeds are intended to eliminate certain costly liabilities on APPZ's balance sheet and to invest in APPZ's plans to expand its technical reach into the growing space of light-weight commercial and non-commercial drones/UAV's and its own tracking system called "Aviation M".

To see the most recent Form 8-K:

http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&dcn=0001262463-15-000682&nav=1&src=Yahoo

About Monster Arts

Since 2010, Monster Arts (PINKSHEETS:APPZ), along with its corporate predecessors, affiliates, and venture partners, have been developing, and are continuing to develop, smart device GPS and intelligent-location driven tracking software, with an emerging focus on the fast growing Drone/Unmanned Aerial Vehicle space. In addition, the Company continues to expand its paying subscriber and partner base, through Trick or Tracker(R), FanPic.com and TravelAmericaVisitorGuide.com, among other products and related services.

PRESS CONTACT:

Wayne Irving
CEO
Monster Arts, Inc.
(725) 222-UAV1
[e-mail]

Safe Harbor Statement:

Any statements contained in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including, but not limited to, the risks associated with the management appointment described in this press release, and other risks identified in the filings by Monster Arts, Inc. (APPZ), with the U. S. Securities and Exchange Commission. Further information on risks faced by APPZ are detailed in the Form 10-K for the year ended December 31, 2014, and in its subsequent Quarterly Reports on Form 10-Q. These filings are or will become available on a website maintained by the U. S. Securities and Exchange Commission at http://www.sec.gov. The information contained in this press release is accurate as of the date indicated. Actual results, events or performance may differ materially. Monster Arts does not undertake any obligation to publicly release the any revision to these forward-looking statements that may be made to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Included in this release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company's actual results could differ materially from those anticipated in the forward-looking statements.

SOURCE: Monster Arts, Inc.