Brisio Innovations Executes Definitive Agreement to Acquire up to 100% Interest in OakBranch Media
June 09 2014 - 8:08AM
Marketwired
Brisio Innovations Executes Definitive Agreement to Acquire up to
100% Interest in OakBranch Media
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jun 9, 2014) -
Brisio Innovations Inc. (CSE:BZI), (the "Company"), is pleased to
announce that it has executed a Definitive Agreement to acquire up
to 100% of the issued and outstanding securities of OakBranch Media
and it's underlying assets. The specific terms for the acquisition
are detailed in the Company's news release dated March 18,
2014.
OakBranch Media is an integrated media company with its main
assets being the Good e-Reader website, a leading website
specializing in e-Reader, eBook and Digital Publishing News, which
has over 230,000 unique visitors per month, and the Good e-Reader
App Store, which with over 35,000 apps, 420,000 unique visitors and
7 million page views per month, distributes worldwide and is the
largest independent Android and Blackberry alternative app store in
Canada. OakBranch also operates its own video studio and YouTube
channel, which receives over 320,000 views per month.
Paul Andreola, President and CEO, states, "We are very pleased
to welcome our new partners from OakBranch Media to the Brisio
team. We believe that this exciting acquisition uniquely positions
Brisio to derive substantial value and opportunity from the
lucrative App Store distribution market, and the collective
knowledge and experience of OakBranch will greatly assist Brisio in
furthering its business plan of building an industry leading mobile
app discovery and distribution platform and a world-class portfolio
of market-relevant mobile applications."
Michael Kozlowski, CEO of OakBranch Media states: "We are very
excited to be working with Brisio to take the Good e-Reader App
Store and our other media assets to the next level. The entire
editorial and development team all have a clear and concise vision
of the necessary steps needed to be a world class leader for
Android, Blackberry and Tizen app distribution."
Like us on Facebook:
https://www.facebook.com/brisio.innovations
Follow Brisio on Twitter: https://twitter.com/BrisioApps
OakBranch Media: http://goodereader.com
Good e-Reader Appstore: http://apps.goodereader.com/
About the Company
Brisio Innovations is focused on the acquisition, development
and marketing of software applications for mobile computing
devices, such as smart phones, tablets, and wearable computers.
On behalf of the Board,
Paul Andreola
President, CEO and Director
Disclaimer for Forward-Looking Information
Certain statements in this news release are forward-looking
statements, which reflect the expectations of management regarding
potential positive effects that the acquisition of the portfolio of
apps may have on the business of the Company. Forward-looking
statements consist of statements that are not purely historical,
including any statements regarding beliefs, plans, expectations or
intentions regarding the future, and include discussion of: (i)
revenue generating potential of the apps; (ii) market potential for
the apps; and (iii) the Company's plans to translate the apps for
Android devices. Such statements are subject to risks and
uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the
statements. No assurance can be given that any of the events
anticipated by the forward-looking statements will occur or, if
they do occur, what benefits the Company will obtain from them.
These forward-looking statements reflect management's current views
and are based on certain expectations, estimates and assumptions
which may prove to be incorrect. A number of risks and
uncertainties could cause the Company's actual results to differ
materially from those expressed or implied by the forward-looking
statements, including: (i) that app purchasers may cease or fail to
purchase any of the apps; (ii) that potential growth is not as
expected; (iii) that the Company may be unable to successfully
translate the apps for Android devices; and (iv) other factors
beyond the Company's control. These forward-looking statements are
made as of the date of this news release and the Company assumes no
obligation to update these forward-looking statements, or to update
the reasons why actual results differed from those projected in the
forward-looking statements, except in accordance with applicable
securities laws. Additional information about the Company is
available in the Company's public filings with Canadian securities
regulators, available on SEDAR at www.sedar.com.
Brisio Innovations Inc.Paul AndreolaPresident, CEO and
Director(604) 644-0072www.brisio.com
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