Madison Ave. Media Announces Joint Venture With Commerce Science
December 08 2010 - 6:31PM
Marketwired
Madison Ave. Media, Inc. (OTCBB: KHZM), a global leader in brand
intelligence and mobile marketing, today announces a Joint Venture
with Commerce Science Corporation, Atlanta, GA
(http://www.commercescience.com), a leader in ecommerce solutions
for a variety of market channels.
"Robert Helmer, President/CEO, brings a prestigious client list
along with best-in-class ecommerce technology that continues our
mission to leverage Madison Ave. Media's multi channel distribution
capabilities, converting this power into brand equity, products and
services revenue," said Stephen Molinari, Chairman, Madison Ave.
Media.
Commerce Science proprietary ecommerce SaaS (Software as a
Service) platform provides a tailored supply chain infrastructure
to power Affinity Groups, Associations, Franchises and Independent
Distributor Networks. The Joint Venture revenues are projected to
exceed $7M in 2011.
Commerce Science's innovative eStoreXpress application has twice
won the Technology Association of Georgia award as one of the "Top
Innovative Technology Companies," currently offering over 350,000
products from multiple vendors within a seamless shopping
experience. Drop ship packages are branded to identify the specific
e-store where the order was originated.
"We're excited to combine our ecommerce solution with Madison
Ave. Media's Firefly web builder to empower their affinity groups
and network of independent distributors," said Commerce Science
CEO, Robert Helmer.
"I've had the pleasure of working with Bob for many years
leading to the maturity of this relationship, and his tenacity to
build 'nothing but the best' is legendary. This is a great fit with
the structure of our firm," states Jim Lindsey, President and Vice
Chairman, Madison Ave. Media.
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.
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
Madison Ave Media (CE) (USOTC:KHZM)
Historical Stock Chart
From Jan 2025 to Feb 2025
Madison Ave Media (CE) (USOTC:KHZM)
Historical Stock Chart
From Feb 2024 to Feb 2025