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Jostle Oversubscribes Seed Investment 2X, Netting $750 k

Vancouver’s Jostle Corporation announced today that its $350 k offering of Preferred Class A equity has been over subscribed by more than a factor of two, netting the company $745 k. Jostle will use these funds to complete its market entry.

2010 November 9

"Jostle has raised over $1 million to date, from more than 40 individuals that share our passion for changing enterprise software for good. Most of these are successful, hands-on business leaders that are now helping us connect to early customers," observed Jostle CEO and co-founder Brad Palmer.

Howard Gwin, a partner at venture capital firm Bridgescale Partners, commented "No VCs - no Angels - no worries. Great business models get funded. I love the Jostle value prop and look forward to watching it grow like crazy."

Jostle (www.jostle.me) is web-enabled software that elegantly glues organizations together, by clarifying team structures and helping employees engage. Jostle’s software makes it easy to facilitate teams (formal or ad hoc) and find expertise. Jostle enables cross-organization teamwork, without the need to first standardize tools and processes.

Contact:
Brad Palmer
CEO
Jostle Corporation
Tel: (778) 968-1556
Email: brad@jostle.me

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