CYBER APPS WORLD INC. (OTCMKTS:CYAP) Files An 8-K Entry into a Material Definitive Agreement
ITEM 1.01 Entry Into a Material Definitive Agreement
On April 8, 2019, we entered into an agreement with Real-Time Save Online Inc. (“Real-Time”), a private Wyoming company, whereby we will acquire a 50% undivided interest in and to a website located at www.savinstultra.com (the “Website”), including, without limitation, the website domain, content, data, and all incorporated technology. The Website consists of a search engine that users access in order to compare the prices of different consumer products.
In consideration of Real-Time selling the Website to us, including, without limitation, the domain name www.savinstultra.com; the current website front-end and back-end content; all data related to the Website; all related intellectual property rights, logos, customer lists and agreements, email lists, passwords, and usernames and trade names; and all incorporated technology, together with all Website trade secrets, we will issue 11,500,000 shares of our common stock at a deemed price of $0.12 to Real-Time Save Online Inc. at closing.
About CYBER APPS WORLD INC. (OTCMKTS:CYAP)
Cyber Apps World, Inc. is engaged in developing mobile applications, which would be available to subscribers for various programs. The Company is engaged in licensing an e-commerce Internet platform for the purchase and sale of products and services by way of mobile/computer applications. The Company offers Savinst Application (App), which is an e-commerce platform that will allow consumers and businesses around the world to purchase and sell products and services. Savinst App provides coupons and deals for in-store and online shopping. The Company also engaged in developing an application, News My Way, which is a customizable personal news gathering application. All News My Way enables users to consolidate and view customized news items and topics of interest from around the world in real-time and is displayed for viewing on various devices and platforms using the embedded and customizable user portal.