Madison Ave. Media Agrees to Acquire EllaBella Skincare
December 08 2010 - 8:15AM
Marketwired
Madison Ave. Media, Inc. (OTCBB: KHZM), a global leader in brand
intelligence and mobile marketing, today announced its agreement to
acquire a line of clinically proven skincare products from a
leading private label manufacturer within the professional skincare
industry. The products will be marketed under the EllaBella brand
name through the Company's ecommerce platform.
The EllaBella line currently consists of 43 clinically tested
products with unique benefits, including masques, peels, ampoules,
cleanse & exfoliation, hydration and treatment intensives,
previously available only under private label through physicians.
The products rescue, balance, maintain and restore skin tone and
texture. For the first time, Madison Ave. Media will make these
same professional treatments available to the public, at a
substantial savings for daily home use.
Madison Ave. Media intends to leverage their direct marketing
network channel and ecommerce channel, making EllaBella products
available to their current active base of 50,000 Physical Trainers
and 100,000 Chiropractic clinics, each with 50 to 200 individual
clients. Due to the strength of Madison Ave. Media distribution
capabilities, internal EllaBella revenue projections anticipate the
addition of 2,500 new Physical Trainers and Chiropractic clinics
delivering 50 clients each at $50 in annual sales, driving $6.25M
in anticipated 2011 sales. According to Mintel, the total US skin
care market was valued at $4.35B in 2009.
In making today's announcement, Madison Ave. Media's Executive
VP of Marketing, Tim Ransom said: "EllaBella is a leader in private
label professional skincare products and we look forward to
building the EllaBella name into a consumer brand of its own. It's
a perfect fit with our direct market channels, and with sun damaged
skin such a huge issue for the largest segment of our population --
the aging baby boomer, we are thrilled to bring this leader in
skincare products directly to the public at a highly affordable
price."
"The EllaBella acquisition will be the first endeavor in our
mission to leverage Madison Ave. Media's multi channel distribution
and data capabilities, converting this power into brand equity,
products and services revenue," said Stephen Molinari, Chairman,
Madison Ave. Media. "We are currently evaluating additional
acquisitions to expand our ecommerce component," added
Molinari.
About Madison Ave. Media
As the #1 connector to the Mobile Generation, Madison Ave.
Media's innovative technology delivers an integrated matrix of
advanced digital communications, business intelligence and
proprietary digital media resources to millions of global customers
on a daily basis. Madison Ave. Media provides brands, networks and
advertising agencies with the understanding and reach to
effectively engage today's mobile customer, while delivering highly
measurable results. Madison Ave. Media is headquarters in Boca
Raton, Florida with offices across North America.
For more information about Madison Ave. Media, visit:
http://www.madisonavemedia.com/
Caution Concerning Forward-Looking Statements
This document includes certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, including statements regarding Madison Ave. Media's ability
to improve their services, create new business models and
content-owner opportunities, integration plans, the expected timing
for the closing of the acquisition and the plans to operate Firefly
independently. These statements are based on the current
expectations or beliefs of management of Madison Avenue Media, and
are subject to uncertainty and changes in circumstances. Actual
results may vary materially from those expressed or implied by the
statements herein due to (1) changes in economic, business,
competitive, technological and/or regulatory factors, (2) failure
to receive regulatory approval for the acquisition, (3) failure to
compete successfully in this highly competitive and rapidly
changing marketplace, (4) failure to retain key employees, (5)
other factors affecting the operation of the respective businesses
of Madison Ave. Media. More detailed information about these
factors may be found in filings by Madison Ave. Media, as
applicable, with the Securities and Exchange Commission, including
their respective most recent Annual Report on Form 10-K and
Quarterly Report on Form 10-Q. Madison Ave. Media is under no
obligation to, and expressly disclaims any such obligation to,
update or alter their respective forward-looking statements,
whether as a result of new information, future events, or
otherwise.
Contacts To arrange an interview with Chairman Stephen
Molinari, please contact: Dan Lancer 561-549-3112
DanL@MadisonAveMedia.com
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