VerticalScope Inc. entered into a purchase agreement to acquire PbNation, LLC from CrowdGather, Inc. (OTCPK:CRWG) for $1.4 million on April 27, 2014. The total revenue generated by the website(s) during the twelve month period ended March 31, 2014 was approximately $0.38 million. The transaction is subject to certain terms and conditions contained.

The transaction is expected to close on or before 30 days from the date of purchase agreement, subject to mutual extension.