B2B Information Powerhouse Masterseek.com Announces Private Placement of $25 Million

NEW YORK, N.Y. (SEND2PRESS NEWSWIRE) — Masterseek Corporation, headquartered in New York, has announced the upcoming private placement of 3 million new shares at an expected price of $8.60 per share, for total expected proceeds of at least $25 million. Masterseek currently has 30 million outstanding shares, valued at about $9 each, implying a current value of about $270 million for this B2B search engine and business information platform.