KSIX Signs Definitive Agreement of $13.1 Million True Wireless
December 14 2016 - 09:00AM
Marketwired
KSIX Signs Definitive Agreement of $13.1 Million True
Wireless
LAS VEGAS, NV-(Marketwired - Dec 14, 2016) - KSIX Media
Holdings, Inc. ("KSIX" and/or "Company") (OTC PINK: KSIX), a Las
Vegas, Nevada-based publicly traded company under the ticker symbol
KSIX on the OTC, has signed a definitive agreement effective today
with telecommunications company True Wireless, LLC - an Oklahoma
Limited Liability Company, and is in the process of completing full
acquisition of the company under the definitive agreement. The
acquisition, which includes all assets of True Wireless, LLC, will
be completed upon FCC approval.
True Wireless is on track for $13.1 million gross revenue in
2016, with $3.1 million in EBITDA. "We have been working with KSIX
for the past two quarters during which they helped increase our
revenues by 49%," stated Brian Cox, CEO of True Wireless. "We are
very excited about the fast growth potential of the combined
companies." KSIX utilized their proprietary online marketing
technology to substantially increase revenues, reduce customer
acquisition costs, and cultivate new social media marketing
avenues.
"We're confident in KSIX's potential and very excited about the
True Wireless acquisition," stated Carter Matzinger, President and
CEO of KSIX Media. "True Wireless is an ideal acquisition. Our
focus will be to help expand the True Wireless subscriber base in
2017 and become one of the leading Lifeline providers in the
country."
Once the acquisition of the assets is complete, KSIX intends to
fully integrate the management operations of KSIX and True
Wireless. True Wireless will operate as a wholly owned subsidiary,
retaining key True Wireless management staff.
ABOUT KSIX MEDIA HOLDINGS KSIX Media Holdings, Inc. (OTC PINK:
KSIX) is an SEC fully reporting media and Internet company located
in Las Vegas, Nevada. Currently, there are three divisions, KSIX,
LLC, DigitizeIQ, LLC and Blvd Media Group, LLC. The largest, KSIX,
LLC is a digital advertising network utilizing proprietary
technology and intellectual properties designed to create new
revenue streams and increase measurable audiences for clients. KSIX
provides performance-based marketing solutions to drive traffic and
sales. KSIX manages offer tracking, reporting, and distribution on
the third-party platform.
ABOUT TRUE WIRELESS, LLC True Wireless LLC, an Oklahoma company,
is an eligible telecommunications carrier providing discounted and
subsidized wireless (cell phone) service to those who qualify. We
provide government sponsored/supported cell phone service in Texas
(TX), Oklahoma (OK), Arkansas (AR), Maryland (MD) and Rhode Island
(RI). The service is subsidized under the Lifeline program.
Americans who enroll in the program must qualify and maintain
compliance.
info@ksix.com
Contact Information
Investor Contact OmniVance Advisors PR@ksix.com 858-381-5740