Capstone Technologies Group, Inc Acquires an Interest in DrivenIQ, a Data-Driven Intelligence Technology Firm

Rhea-AI Summary

Capstone Technologies Group (OTC: CATG) has acquired a minority interest in DrivenIQ, a data technology firm focused on enhancing showroom traffic for the automotive sector. The acquisition aims to leverage DrivenIQ's proprietary data-driven technologies to foster growth and expand into new markets. Capstone's investment will support DrivenIQ's marketing and corporate development, enhancing customer engagement through advanced data analytics. DrivenIQ’s innovative approach has resulted in significant revenue growth and is positioned for further expansion.

Positive

• Acquisition of a minority interest in DrivenIQ enhances Capstone's technology portfolio.
• DrivenIQ's revenue growth signals a strong market position and potential for further expansion.
• Investment in DrivenIQ supports enhanced marketing and corporate presence.

Negative

• None.

CHARLOTTE, N.C., Oct. 14, 2021 (GLOBE NEWSWIRE) -- Capstone Technologies Group, Inc (OTC: CATG) a company that acquires, operates and organically develops disruptive technologies, announced today it has acquired an initial minority interest in data technology and media company, DrivenIQ.

DrivenIQ specializes in using data driven intelligent technology to drive showroom traffic to the automotive industry. Led by industry veteran Mr. Albert Thompson, DrivenIQ has developed a strong technology foundation in its first two years of operation, while growing revenue and earnings. The Company is now poised for significant growth through diversification into additional categories and verticals.

DrivenIQ provides specific and measurable results to its clientele which includes custom first-party data, location geo-device, AI and CRM based custom micro-audiences for brands, enterprises, and retailers. Its unique and proprietary technology allows it to cross over seamlessly to multiple sectors providing audience curation and media delivery as needed. Providing first-party data and in-market intelligence gives DrivenIQ the ability to eliminate ad waste, provide higher ROI, and ultimately more effectively monetize real traffic through real measurability, starting and ending with the data first approach.

In addition to acquiring an equity interest in the company, Capstone Technologies has invested capital to further accelerate growth, while improving DrivenIQ’s corporate presence and marketing.

Avenel Financial Group Founder and Capstone Technologies Group current President, Mike Pruitt stated, “Since meeting Albert and working with him over the last two months through the due diligence process, we are excited for the opportunity to acquire a significant equity stake in DrivenIQ, while investing additional capital aimed at driving meaningful growth on their already impressive platform.”
 
DrivenIQ’s President and Co-Founder, Mr. Albert Thompson stated, “Since inception, DrivenIQ has seen tremendous growth by pioneering the way business should use first-party data in their marketing and revenue strategies. We are excited to join forces with Capstone Technologies Group to further propel DrivenIQ’s innovative tech developments to bring to market new products, solutions, and data driven concepts that we believe have the potential to revolutionize the way media is thought about, bought about, and brought about!”

Thompson continued, “Capstone’s backing in DrivenIQ’s technology-data approach brings about a new partnership that is a mutual win for all parties, but the biggest win of all is how our clients will benefit in the long term.”

Avenel Financial sourced and acted as an advisor to this transaction.

About Capstone Technologies Group

Capstone Technologies Group, Inc (CATG) seeks to acquire, operate and organically develop disruptive technologies across several sectors where they have expertise aided by a network of experts and advisors. Capstone Technologies Group also intends to invest through a wholly owned subsidiary Capstone Venture Partners, LLC alongside best-in-class investors or directly in proven founders building companies with technologies that will shape the future.

DrivenIQ Contact
Albert Thompson
President, Co-Founder
albert@driveniq.com
443-370-9143
http://www.driveniq.com/ (New website coming soon)

Investor Relations Contact
Mike Pruitt
Founder, Avenel Financial Group
President, Capstone Technologies Group, Inc
mp@avenelfinancial.com
704-578-2238
Avenelfinancial.com
Capstonetechgroup.com

FAQ

What did Capstone Technologies Group announce on October 14, 2021?

Capstone Technologies Group announced the acquisition of a minority interest in DrivenIQ, a data technology company.

How does DrivenIQ benefit businesses in the automotive industry?

DrivenIQ utilizes data-driven technology to enhance showroom traffic and provides measurable results through first-party data and AI-driven audience curation.

What are the expected outcomes of Capstone's investment in DrivenIQ?

The investment is expected to accelerate DrivenIQ's growth and improve its corporate presence and marketing efforts.

Who is the President of DrivenIQ and what is his vision for the company?

Albert Thompson is the President of DrivenIQ, and he envisions revolutionizing media marketing through innovative use of first-party data.

What is the significance of Capstone's acquisition of DrivenIQ?

The acquisition is significant as it expands Capstone's technology capabilities and positions DrivenIQ for growth in multiple sectors.