KinerjaPay Corp. (OTCPK:KPAY) will look for acquisitions. KinerjaPay Corp. had announced a Fixed-Income Offering in the amount of $7.5 million. KinerjaPay intend to use the net proceeds of the offering to grow their business. KinerjaPay will use $2,000,000 for financing the acquisition of PT. Mitra Distribusi Utama. KinerjaPay will use the remaining net proceeds for working capital and general corporate purposes to support their growth. KinerjaPay will also use the proceeds to pay the legal, accounting and other fees associated with the offering of approximately $100,000. KinerjaPay have not allocated any specific portion of the net proceeds to any particular purpose, and their management will have the discretion to allocate the proceeds as it determines. Furthermore, the amount and timing of their actual expenditures will depend on numerous factors, including the cash used in or generated by their operations, the pace of the integration of acquired businesses, the level of their sales and marketing activities and the attractiveness of any additional acquisitions or investments.