One Horizon Group Announces Acquisition of 123Wish
January 24 2018 - 8:30AM
One Horizon Group, Inc. (NASDAQ:OHGI) today announced that it has
entered into an Exchange Agreement to acquire a majority interest
in ONCE IN A LIFETIME LLC, d/b/a 123Wish.
123Wish, available in the Apple App Store, Google Play and
www.123wish.com, is a subscription-based, experience marketplace
that focuses on providing users with exclusive opportunities to
enjoy personalized, dream experiences with some of the world’s most
renowned social media influencers including Super Influencer Jake
Paul and Team 10 as well as celebrities, professional athletes,
fashion designers, and artists while supporting a diverse range of
charities.
The influencer or celebrity for each 123Wish experience selects
a philanthropic cause to benefit or is randomly matched to a
non-profit organization. Once the charitable contribution goal for
an experience has been met and the designated timeframe for entry
has expired, 123Wish randomly selects the winner who receives
exclusive access to interact with the influencer or celebrity. Yet,
everyone who enters wins a specialized gift for participation,
which may include limited edition merchandise, gift cards or
personalized video or voice messages from experience
contributors.
Each 123Wish subscriber will soon have a digital wallet and will
receive four digital coins each month that his or her subscription
remains active, which the subscriber may contribute to
charity. OHGI and 123Wish are committed to making at least
$1,000,000 in digital coin value available for charitable
contribution premised on the number of
subscribers. Development for inclusion of the coin technology
is underway and OHGI will be providing blockchain
integration.
In order to deliver authentic and unique lifestyle experiences,
123Wish will launch experiences with social media influencers,
music artists and other celebrities that have been embraced by
Generation Z. TGZ Capital, L.P., the Gen Z focused venture capital
fund, owned five percent of 123Wish pre-acquisition and becomes an
OHGI shareholder pursuant to this transaction.
“We executed the Exchange Agreement ahead of schedule based on
the commitment of everyone involved and we are grateful to have the
opportunity to welcome 123Wish founders Natalia Diaz, Andrew
Resnick and TGZ Capital as OHGI stakeholders,” said One Horizon
Group’s Founder, President and CEO, Mark White. “Subscribers, fans
and likes have become a new form of currency and advertising spend
is usually driven by perceived reach rather than fixed-costs. Thus,
in addition to the importance of verifiable charitable giving, we
see future opportunities in the use of digital coins for media
buying.”
OHGI has entered into a multi-year Employment Agreement with
Natalia Diaz, who will remain the President and CEO of 123Wish.
Natalia Diaz is an expert in mobile, social media, gaming and web
platform development and has provided services to several Fortune
500 and other innovative company clients that rely on social-media
monetization.
“After getting to know Mark White and the team at One Horizon
Group, it quickly became clear that we are aligned
philosophically,” said 123Wish Co-Founder, President and CEO,
Natalia Diaz. “As part of a NASDAQ-listed technology company with
access to the capital markets, we believe that we can deliver the
high-value experiences desired by Gen-Zers and Millennials and move
at the fast pace of the new brand landscape driven by social media
influencers underpinning Web 3.0 and the proliferation of social
media through a marketplace of experiences.”
“After spending years developing web properties that reach tens
of millions of unique visitors on a monthly basis, I realized that
social media is not only an incredible platform for advertising and
sales; it is the new framework for contribution,” said 123Wish
Co-Founder, technology entrepreneur and real estate mogul, Andrew
Resnick. “I also believe that digital coins, which allow for
efficient and transparent transactions, provide the means for a
generational shift in charitable giving. Given access to OHGI
innovation and its commitment to development of digital coin
technology that makes a social impact, I am confident that this
transaction will deliver measurable value on many fronts.”
“Beyond business, 123Wish enables me to fulfill my personal goal
to give back and empower our youth through contribution,” added
123Wish Co-Founder, President and CEO, Natalia Diaz. “This is very
important for me as I recognize the power of influencers to make a
real difference and teach the next generations that by including
giving in their lives, dreams do come true.”
“Based on the detailed financial models we have analyzed, we
remain confident that the acquisition will be accretive in 2018 and
we expect 123Wish will generate significant revenue in 2018
commencing with the expected launch of scheduled experiences in the
first and second quarters of 2018,” added One Horizon Group’s
Founder, President and CEO, Mark White. “We remain focused on our
commitment to deliver substantial value to OHGI shareholders.”
About One Horizon Group, Inc.
One Horizon Group, Inc. (NASDAQ:OHGI) is a reseller of secure
messaging software for the growing gaming, security and education
markets including in China and Hong Kong. For more
information on the Company please
visit http://www.onehorizongroup.com/investors-overview/.
Darrow Associates Contacts for OHGI
Bernie Kilkelly
(516) 236-7007
bkilkelly@darrowir.com
Jordan Darrow
(512) 551-9296
jdarrow@darrowir.com