BizRocket.com, Inc. Signs MOU For Acquisition of B2B - B2C Internet Marketing Firm
May 29 2012 - 9:30AM
Business Wire
BizRocket.com, Inc. (OTC Markets Pink: BZRT) Announces today
that it has signed a Memorandum of Understanding for acquisition of
a full-service Internet e-mail marketing company that specializes
in B2B and B2C Internet Marketing services. The company currently
has a roster of customers across the United States.
Management believes that aside from adding an attractive source
of revenues for the company in expanding its overall business
offerings, it will also enhance memberships and marketing
initiatives for KidzRocket.com.
KidzRocket.com is gaining continued recognition as the safest, most
fun pre-teen social networking website for pre-teens.
The Company expects post-acquisition revenues from this purchase
in excess of $2.0 million with 40% EBITDA FYE 12/31/2013. B2B and
B2C e-mail marketing is part of a multi-billion dollar industry and
management is confident BizRocket can become a significant industry
participant with unique crossover opportunity in its business
models toward possible future buyouts from tech and media giants.
Pre-teen target marketing is on the rise as demonstrated by the
acquisition of websites like Club Penguin by Disney for a deal
involving up to $700 million dollars.
Finalization and closing is expected by 06/30/2012.
KidzRocket.com was invented to meet our national challenge to
help protect children from Internet predators, cyberbullies, and
various inappropriate contact. KidzRocket.com is a subsidiary of
BizRocket.com, Inc. (OTC Markets Pink: BZRT)
Safe Harbor Forward-Looking Statements
This news release contains forward-looking statements within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995 including statements relating to expectations the 2013 fiscal
year; The terms and phrases “estimated” "goal", "commitment",
“possible”, "guidance", "expects", "would", "will", "continuing",
"drive", "believes", "indicate", "look forward", "grow", "outlook",
"forecasts", “forcast”, and similar terms and phrases are intended
to identify these forward-looking statements. Forward-looking
statements are based on estimates and assumptions made by
BizRocket.com, Inc., in light of its experience and its perception
of historical trends, current conditions and expected future
developments, as well as other factors that BizRocket believes are
appropriate in the circumstances, including but not limited to
general economic conditions, BizRocket’s expectations regarding its
business, strategy and prospects, and BizRocket’s confidence in the
cash flow generation of its business. Many factors could cause
BizRocket’s actual results, performance or achievements to differ
materially from those expressed or implied by the forward-looking
statements, including, without limitation: risks related to
competition; BizRocket’s reliance on key personnel; BizRocket’s
ability to maintain and enhance its brand; and difficulties in
forecasting BizRocket’s financial results, particularly over longer
periods given the rapid Internet-technological changes and
competition. BizRocket.com, Inc., has no intention and undertakes
no obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
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