BizRocket.com, Inc., to Sign MOU Toward Acquisition of B2B Internet Marketing Firm
June 20 2011 - 4:01PM
Business Wire
BizRocket.com, Inc. (OTC Pink Sheets: BZRT) announces today that
it is currently drafting its Memorandum of Understanding toward the
acquisition of a full-service Internet E-Mail Marketing Company
that specializes in full B2B Internet Marketing services. The
company currently has a roster of business customers across the
United States.
The MOU outlines the agreement details to include a 40% EBITA
participation for Bizrocket.com, Inc. Company execs feel strongly
that aside from adding an attractive source of revenues for the
company in expanding its overall business offerings, it will also
undoubtedly aid in enhancing membership subscriptions and marketing
initiatives for the company’s websites, including
www.KidzRocket.com, Bizrocket’s patent pending, safe pre-teen
social networking website. KidzRocket.com is gaining continued
recognition as the safest pre-teen social networking website
described by execs as a FBL-facebook-like for pre-teens.
The Company expects revenues from this particular asset to
generate in excess of $2.0 million for its first year. B2B and B2C
E-mail marketing is part of a multi-billion dollar industry and
BizRocket.com, Inc. execs is confident it can become a significant
industry participant with unique crossover opportunity in its
business models toward possible buyouts from tech and media giants.
Pre-teen target marketing is on the rise as demonstrated by the
recent acquisition of sites like Club Penguin by Disney recently
for a deal involving up to $700 million. Likewise, social coupon
sites have tremendous potential. Earlier this month, Groupon
initiated paperwork for an IPO filed for $750 million dollars with
a valuation at near $20 billion dollars.
News on the acquisition is imminent and will be disclosed by
company execs via press release as the deal progresses.
Finalization is expected over the next few weeks.
KidzRocket.com was invented to meet our national challenge to
help protect children from Internet predators, cyberbullies, and
various inappropriate contact. KidzRocket.com complies with the
Children Online Privacy Protection Act - FTC (COPPA).
KidzRocket.com is a subsidiary of BizRocket.com, Inc. (OTC Pink
Sheets: BZRT)
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statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements include all statements other
than those made solely with respect to historical facts. These
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materially different from any future results or performance
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evaluated in light of these important factors. Although we believe
that these statements are based upon reasonable assumptions, we
cannot provide any assurances regarding future results. We
undertake no obligation to revise or update any forward-looking
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as a result of new information, future events or otherwise.
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