Soul and Vibe Enters Into Investment Agreement With Beaufort Capital Partners, LLC

MINNEAPOLIS, MN--(Marketwired - Feb 17, 2015) - Soul and Vibe Interactive Inc. (OTCQB: SOUL), or the "Company," a video, mobile, and computer games publisher, today announced the execution of a common stock purchase agreement (the "Agreement") with Beaufort Capital Partners, LLC, a New York limited liability company (the "Investor") through which the Company may receive an aggregate amount of up to $2,000,000 in funding via the sale of its common stock (the "Common Stock").

Under the terms of the agreement, the Company has filed a Registration Statement on Form S-1 (the "S-1.") The Company is seeking to register 10,716,473 shares of Common Stock, which are issuable pursuant to Agreement. The term of the investment agreement is 36 months. The Company intends to use the proceeds, if any, from the investment to fund additional product development and for general administrative and operating purposes.

"2014 was a year filled with several significant company accomplishments for Soul and Vibe as a Company," said Peter Anthony Chiodo ("Tony"), Soul and Vibe's CEO and President. "Soul and Vibe took some momentous steps forward in 2014. We launched our first games, began to generate revenue, and expanded our strategic partnerships. Capital raised in fiscal year 2014 enabled the Company to achieve these accomplishments. Any capital raised in 2015 will allow us to fund an expanded, diversified, product line-up that is both multi-platform and cross-platform in scope. We aim to establish a 'recurring release calendar' through which the Company can increase the number of titles it has in development at any given time and, subsequently, more evenly release titles across a fiscal year. We anticipate the establishment of a recurring release calendar will enable the Company to further market 'Soul and Vibe' as a publishing label, cross-promote the Company's line of products and IPs within the games themselves, build further awareness for our games and IPs, and actively promote user acquisition. Product line expansion is a natural growth driver that we anticipate will benefit both the Company and its shareholders. Complementary with the targeted product line expansion, we anticipate the operating capabilities of the Company will grow to support the widening of our product line. The widening of the product line will represent additional revenue-generating and licensing opportunities, which we anticipate will increase shareholder value."