TORONTO, ONTARIO--(Marketwire - April 8, 2010) - BoardSuite® Corp. ("BoardSuite") is pleased to announce the closing of a subscription agreement with China Select Capital Partners Corp. The investment will allow BoardSuite to execute on its business strategy to acquire targeted corporate and financial service providers to integrate to the on-demand board portal.
"We believe BoardSuite has a strong business plan and strong management team to establish a foothold in the board portal software industry worldwide," said Min Kuang, President at China Select. "We will also be assisting BoardSuite on financing and acquisition activities in Asia and the United States."
"BoardSuite remains focused on expanding and enhancing its ecosystem of business services, content, and functionality for its core offering to make our board portal the de facto standard for good corporate governance and regulatory compliance for small and medium enterprises and not-for-profit organizations", said Oscar A. Jofre Jr., Founder, President and CEO of BoardSuite. "Today, more than 6,000 users embrace BoardSuite to manage board communications, oversight and process."
About China Select Capital Partners Inc.
China Select Capital Partners is an Investment issuer on the TSX-V focused on investing in private or public companies whose businesses involve later stage alternative energy or environmental technology or other selected sectors with strong intellectual property, exceptional management, high-growth potential and an identified exit strategy either in China or North America.
About BoardSuite® Corp.
BoardSuite redefined the board portal for small and medium enterprises and not-for-profit organizations by providing a Freemium SaSS-based solution to manage real-time access to corporate documents, collaboration tools and a Marketplace of business services.
The on-demand board portal empowers directors, officers and advisors to better manage risk, liability and compliance from a single point of entry within a secure, hosted application, resulting in effective and transparent corporate governance.
BoardSuite has received notable recognition within the online industry for its achievements. In July 2009, BoardSuite was selected as one of Canada's leading Web 2.0 pioneers by KPMG and Backbone magazine at the PICK20' Awards, the only national roundup of Canada's up and coming Web 2.0 pioneers who are leading the 2.0 evolution of the Web. And, in August 2009, BoardSuite was named by IDC as one of Canada's Top Cloud Computing Solutions To Watch calling it a disruptive innovation in the board portal industry.