CrowdGather, Inc. (OTCPK:CRWG) seeks acquisitions. "During fiscal 2014, we continued to conduct additional corporate restructuring to reduce costs, and have entered into an agreement to sell some non-core assets to enable our ability to aggressively pursue high growth strategic alternatives that better leverage our users, especially the mobile ones," said Sanjay Sabnani, CrowdGather's Chairman and Chief Executive Officer. "The capital raised from the asset sale will enable us to aggressively seek merger or acquisition candidates in the rapidly growing mobile app and social gaming technology sector.

Subsequent to the asset sale, we will be retaining more than 90% of our monthly revenue, our monthly page views and our monthly unique users. Additionally, while we pursue strategic alternative, we will continue to monetize and improve the user experience on our remaining online communities."