Beta Music Group, Inc. (OTCQB: BEMG) ("BEMG" or the "Company"), Inc., a digital media holding company that provides interactive and digital marketing, social and mobile marketing, strategic media planning, direct marketing and other specialty communications services to promote small businesses announced today that it has signed a non-binding letter of intent to acquire Viewpon.TV ("Viewpon"). Viewpon (www.viewpon.tv) is a lifestyle entertainment show and online listing services website that features small businesses across San Francisco, Sacramento, Seattle and the Pacific Northwest.
Viewpon complements BEMG's operating model, which produces digital video commercials for small businesses and creates solutions to advertising and marketing challenges to increase a company's visibility. The transaction, if finalized, is expected to close during the second quarter of 2014 and is subject to customary closing conditions, satisfactory due diligence and including signatures of a definitive purchase agreement.
"We have worked closely over the past several months with Viewpon's executive management and are excited to be working together regarding this expansion. Launched over four years ago, the Viewpon.TV show and website created an instant success for over 400 local small businesses up and down the west coast. Viewpon's deep experience in serving the small business sector will complement the expansion strategy for our Company," stated Jim Ennis, Chief Executive Officer of Beta Music Group, Inc. "This transaction is part of the strategic expansion of our digital media offerings to achieve accelerated growth serving the small business sector. Viewpon will enhance our digital media offerings to small businesses including digital video commercials, digital customer reviews, online presence marketing products including website design, mobile marketing, social media marketing, social bookmarking, blog commenting and video review postings."
"We are very happy to accelerate Viewpon's expansion from the Pacific Northwest to the Northeast and across United States," said Mr. Ennis. "We believe our interactive and digital media, social and mobile marketing and specialty technology communications services provide Viewpon with highly scalable opportunities. Viewpon will be working with our financial communications partner, CSIR Group, LLC, previously announced in February, in serving as a liaison to the investment community. They will be working with our technology partners to create, develop and release an Android and Apple iOS App of its popular Viewpon lifestyle entertainment television show serving small businesses and to keep pace with their growing mobile user base. The mobile applications are forecasted to be released by during the third quarter of 2014."
About Beta Music Group, Inc.:
Beta Music Group, Inc. (www.betamusicgroupinc.com) is a digital media holding company that provides interactive and digital marketing, social and mobile marketing, strategic media planning, direct marketing and other specialty communications services. The company provides digital, mobile, social and video content productions to promote small businesses to their clients. The Company produces digital video commercials for small businesses and creative solutions to advertising and marketing challenges to increase company's visibility. The Company helps local businesses find and keep more customers via strategic marketing partnerships and digital commercial promotions.
About Viewpon.TV:
Viewpon.TV (www.Viewpon.TV) is a lifestyle entertainment show and online listing services website that features small businesses and stories across San Francisco, Sacramento, Seattle, Tahoe and from the High Sierras to the Pacific Northwest. From the coolest places to stay, play and dine, Viewpon.TV takes viewers on a tour of all that's best in the area where they live. Viewpon.TV is a weekly television show and digital video content website that highlights local small businesses and fun things to do in your area and then offers those experiences at a discount. With up to 100,000 viewers each week, the Viewpon television show drives customers to our website where customers can view digital videos of all our small business clients. ShopViewpon (www.shopviewpon.com) finds the coolest places up and down the West Coast to stay, spa, dine and have fun while offering huge discounts, to every spot featured in our show. Viewpon offers incredible savings on awesome experiences and customers get to "View" before they purchase. Everything offered on Viewpon's website has our seal of approval, plus deals never expire. Gift cards are also printable, so you can enjoy your adventure right away.
Forward-Looking Statements/Disclaimer
Information in this document constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "anticipate," "estimate," "project," "intend," "expect," "should," "believe," and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause The Company actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in The Company Filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to The Company herein are expressly qualified in their entirety by the above-mentioned cautionary statement. The Company disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law. This press release may also contain forward-looking statements involving risks and uncertainties, both known and unknown, that may cause actual results to differ materially from those indicated. Actual results may differ materially due to a number of factors, including the risk we may encounter delays or other difficulties in ramping-up production of our new products; the rapid development of new technology and competing products that may impair demand or render the Company's products and services obsolete; and other factors discussed in the Company's filings with the Securities and Exchange Commission, including its report on Form 10-K for the year ended December 31, 2012 as well as other subsequent filings.
CONTACT:
Investor Contact:
CSIR Group, LLC.
(212) 386-7082
SOURCE: Beta Music Group, Inc.
Associated Documentation:
Link to submission on http://www.eteligis.com
BEMG_3-18-14_revised_PAP_ETL.docx
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