Brisio Innovations (BZI-CSE) June 9, '14 has executed a definitive agreement to acquire up to 100 per cent of the issued and outstanding securities of OakBranch Media and its 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." |
