Monster Offers(TM) and Ad Shark(TM) Complete Merger
LAGUNA NIGUEL, Calif., Dec. 5, 2012 /PRNewswire/ — Monster Offers(TM) (OTCBB: MONT), a leading Daily Deal analytics provider and aggregator, and Ad Shark, Inc., a leading mobile advertising and content distribution platform company, today announced that they have completed a merger of the two companies.
After continued management assessment, corporate due diligence and shareholder approval by both companies and following their having entered into a non-binding Letter of Intent to merge, as previously announced in a press release dated May 9(th), 2012, the merger has now been completed. The post-merger entity (Newco) plans to continue trading under the symbol (OTCBB: MONT), while options are being considered for a potential new name that best represents the brands and unique market opportunities resulting from the merger. Wayne Irving, II, CEO of both Monster Offers and Ad Shark, will continue on as CEO and Chairman of Newco, and former YellowPages.com co-founder William F. Povondra, Jr., CFO of Ad Shark, will assume the position of Newco CFO. The members of the board of directors of Ad Shark will form the board of directors for Newco.
Both Monster Offers and Ad Shark are in the business of delivering targeted mobile advertising services and marketing programs. The newly-merged entity plans to continue to maintain existing strategic alliances with Ad Shark’s former corporate parent, Iconosys, Inc., a leading safety and lifestyle mobile applications developer, as well as with other business development and content distribution partners each of the parties to the merger.
MONSTER OFFERS(TM) QUOTE
“We are very pleased and excited to have this merger completed. As the company moves forward, we will now be able to concentrate our joint efforts to build a unified company, full of innovation and solutions that better serve the needs of today’s online mobile advertisers and consumers.”
- Wayne Irving, II, Monster Offers CEO
AD SHARK(TM) QUOTE
“Ad Shark is excited to move forward with its business plan under the Monster Offers umbrella. With this merger completed, the combined entity can better serve customers and clients through more powerful and impactful mobile advertising products and solutions and daily deal offerings. We also expect to realize a number of compelling synergies and cost savings opportunities as a result of this transaction.”
- William F. Povondra, Jr., Ad Shark Board member
About Monster Offers(TM)
Monster Offers is a leading Daily Deal analytics provider and aggregator collecting daily deals from multiple sites in local communities across the U.S. and Canada. Focused on providing innovation and utility for Daily Deal consumers and providers, the company collects and publishes thousands of daily deals and allows consumers to organize these deals by geography or product categories, or to personalize the results using keyword search. More information can be found by visiting the company’s website located at monsteroffers.com, or at monsterdailydeals.com.
About Ad Shark(TM)
Ad Shark develops and implements mobile advertising sales efforts by constructing a robust media and advertising delivery system. The company’s mission is to capitalize on the explosive growth of the mobile marketing industry, which some analysts have estimated to be increasing at an annual rate of about 100% per year and which by some estimates now represents nearly 30 Billion Dollars in worldwide annual revenues. Ad Shark’s innovative approach to integrating traditional internet advertising with optimized media and cutting edge ad delivery methods, all tailored specifically for the applicable Smart Device, OS or screen resolution platform, makes the company “a player to be reckoned with” in the very competitive pool for mobile marketing services and products. For more on Ad Shark, go to the company website located at adshark.mobi.
Any statements contained in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including, but not limited to, the risks associated with the management appointment described in this press release, and other risks identified in the filings by Monster Offers (MONT), with the U. S. Securities and Exchange Commission. Further information on risks faced by MONT are detailed in the Form 10-K for the year ended December 31, 2011, and in its subsequent Quarterly Reports on Form 10-Q. These filings are or will become available on a website maintained by the U. S. Securities and Exchange Commission at http://www.sec.gov. The information contained in this press release is accurate as of the date indicated. Actual results, events or performance may differ materially. Monster Offers does not undertake any obligation to publicly release the any revision to these forward-looking statements that may be made to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Included in this release are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although the company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations reflected in such forward-looking statements will prove to have been correct. The company’s actual results could differ materially from those anticipated in the forward-looking statements.
Corporate Communications, Suzanne Ostovarpour
SOURCE Monster Offers