IO World Media Announces Acquisition of Up Your Ratings, Inc.
November 14 2011 - 11:27AM
Business Wire
IO World Media, Incorporated (“the Company”) (OTCQB: IWDM)
announces that effective November 9, 2011, the Company completed
the acquisition of all the issued and outstanding shares of common
stock of Up Your Ratings, Inc. (“UYR”) in exchange for the issuance
to the three former stockholders of UYR of an aggregate of
30,000,000 shares of its common stock. As a result of this
acquisition, UYR has become a wholly owned subsidiary of the
Company.
UYR is a private company with unique intellectual property that
has been developed principally by Randy Michaels.
Certain statements in this release could constitute
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results performance or
achievements of the company to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Except as otherwise stated in this
news announcement, IO World Media, Inc. does not undertake any
obligation to publicly update or revise any forward-looking
statements because of new information or future events.
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