Interact-TV Signs Acquisition Terms with Executive Music Group
September 10 2014 - 7:00AM
InvestorsHub NewsWire
![](http://www.otcmarkets.com/otciq/ajax/showCompanyLogoByCompanyId?companyId=651320)
Los Angeles, CA - September 10, 2014
- InvestorsHub NewsWire - Interact-TV Incorporated (OTC:
ITVI) announces today that Interact-TV and Executive Music
Group, LLC (EMG) have signed an Acquisition Term Sheet for
Interact-TV's proposed acquisition of musician and artist
representation firm Executive Music Group, LLC.
With an extensive track record and a
roster of clients that includes recording artists Alien Ant Farm
and American Idol contestant Chris Medina (“What Are Words?”), EMG
promotes the albums, songs, music videos, books, live performances
and other creative output of its artist clients. Its services for
many clients also include career management as it relates to all
branches of the entertainment industry.
“We are looking forward to working
with EMG’s president, Jacob Cap,” said Robert Bryan, president of
Interact-TV. Noting that EMG, like Interact’s own subsidiary Pocket
Kid Records, is already a revenue-generating business, Mr. Bryan
continued: “EMG and our own subsidiary Pocket Kid both work in the
entertainment and artist representation markets, but service in
complementary rather than overlapping markets. Having both these
companies under the ITVI umbrella would provide enormous creative
opportunities, adding a dimension to the market that Pocket Kid is
not focused on, while the synergies between the two companies make
this an extremely attractive partnership in terms of increased
efficiencies.”
Speaking on behalf of EMG, president
Jacob Cap remarked: “We are excited about the new horizons that
this potential partnership represents for ITVI.
Our company’s mission
has always been to strive to
generate the greatest creative and marketing opportunities for the
artists that we represent. By being part of the Interact
group of companies, while still maintaining our managerial
independence, we place ourselves in the best possible position to
increase the depth and quality of those opportunities for our
clients.”
Initial terms of the deal are for
the acquisition of EMG by Interact in an all-preferred stock
transaction.
About Executive Music
Group: Formed in 2004 by Jacob
Capricciuolo, Executive Music Group (EMG) is
an innovative music entertainment company based in Dallas/Fort
Worth, TX. EMG combines the strength of industry partners and
multiple promo teams to tailor-fit artist campaigns. Breaking two
historic Billboard #1 records, EMG’s
professional team offers experienced, innovative approach to
strategic promotion and management of its artists. Its website is http://executivemusic.com
About
Interact-TV: Interact-TV Incorporated, a
publicly-traded Delaware corporation (OTC:
ITVI) is a diverse entertainment company with interests in
various media, encompassed currently within three divisions: Music
and Music Management (through its wholly-owned subsidiary’s
subsidiary Pocket Kid Records); Entertainment Content; and
Entertainment Services. Its website is http://interact-tv-inc.com
For more information, please
contact:
Robert Bryan, CEO
Interact-TV Incorporated
818-334-5225 x 100
info@interact-tv-inc.com
interact-tv-inc.com
pocketkidrecords.com
Interact TV (PK) (USOTC:ITVI)
Historical Stock Chart
From Jul 2024 to Aug 2024
Interact TV (PK) (USOTC:ITVI)
Historical Stock Chart
From Aug 2023 to Aug 2024
Real-Time news about Interact TV Inc (PK) (OTCMarkets): 0 recent articles
More Interact-tv, Inc. (PC) News Articles