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BounceBack Technologies.com, Inc. Memorandum of Understanding Cancelled

OCEAN SPRINGS, Miss., Nov. 24 /PRNewswire-FirstCall/ -- BounceBack Technologies.com, Inc. (Pink Sheets: BBTC) has announced today that it has terminated its memorandum of understanding with a private technology company as previously announced on August 10, 2009.

While both companies had moved toward closing the merger it became increasingly obvious that a "material adverse condition" could not be overcome.

In September of this year, Google, who provides the company's main advertising platform, changed its criteria relative to affiliate marketing. This event seriously affected the business model of the company.

Since the companies began their negotiations the target software company's revenue fell some 62% since the move by Google.

On BounceBack Technologies.com, Inc. side, the liquidity arrangement that was an essential part of our contribution to the combined companies was not able to be completed at rates acceptable to the companies.

Neither company will be required to pay any breakup fees.

BounceBack Technologies.com, Inc. and its investment banker, Servius Capital, will continue its search for a business combination.

SOURCE BounceBack Technologies.com, Inc.