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Today's Deals: MoneyZone.com Buys NC Investment Bank

Diversified Technologies Group + CareNet, Go Online Networks + Net Strat, MoneyZone.com + Ostrander Burch & Co., PhoneFree.com + Callrewards, WealthHound.com + WAP, Inc.

 PhoneFree.com acquires Callrewards


   *  Amount:         Undisclosed


   *  Terms:            n/a

   *  Premium:        n/a


   *  Industry:        Advertising/Marketing


   *  Scorecard:      C+


    NEW YORK, Sept. 12--PhoneFree.com, a provider of free global multimedia Web communications, announced that the Company has acquired Callrewards.com, an online rewards and loyalty program in the Internet Telephony category and a portfolio company of eVentures Group . The acquisition of Callrewards will allow PhoneFree.com to further develop their business plan to take advantage of the convergence between telecommunications, the Internet and loyalty-based direct marketing industries. Financial terms were not disclosed.