BizRocket.com, Inc., Online Commerce Site Target Acquisition Moves Forward
June 21 2011 - 6:00AM
Business Wire
BizRocket.com, Inc.'s (Pink Sheets: BZRT) previously announced
targeted acquisition of a social buying online commerce site
offering deal-of-the day style promotions similar to industry
leaders Groupon and BuyWithMe moves forward. The Company's
Memorandum of Understanding for acquisition of this profitable
candidate shows 50% EBITDA. Acquisition of this on line commerce
site complements BizRocket's previously announced target
acquisition of an E-mail marketing company specializing in B2B and
B2C Internet marketing services. Company projects fiscal 2012
combined revenue of $4.5 million from the proposed acquisitions of
the previously announced E-mail marketing firm plus this just
announced social buying online firm.
Groupon's 2010 U.S. only revenue is estimated at $460 million
with total revenue of $713 million. Groupon is reported to file an
IPO up to $750 million. The social buying online commerce industry
continues to markedly expand with eMarketer projecting U.S. online
ad spending of $40.5 billion by 2014.
BizRocket's kid-safe social networking website, KidzRocket.com,
continues to improve its website. This market continues to be a
growth industry with Disney's purchase of Playdom for up to $763
million, Marvel Entertainment for approximately $4.0 billion, and
Club Penguin for up to $700 million.
BizRocket.com, Inc., plans to be a major player seeking
opportunities in the new social networking media business.
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. (Pink Sheets:
BZRT)
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that these statements are based upon reasonable assumptions,
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