Today after the closing bell, BizRocket.com, Inc. announced that it is currently drafting its Memorandum of Understanding (MOU) to acquire a full-service Internet E-Mail Marketing Company that specializes in full B2B Internet Marketing services. The company currently has a roster of business customers across the United States.
The MOU outlines the agreement details to include a 40% EBITA participation for Bizrocket.com, Inc. According to the press release, company executives strongly believe that aside from adding an attractive source of revenues, it will also assist in enhancing membership subscriptions and marketing initiatives for the company’s websites, including www.KidzRocket.com, Bizrocket’s patent pending, safe pre-teen social networking website. KidzRocket.com is gaining continued recognition as the safest pre-teen social networking website.
It is anticipated that revenues from this particular asset will generate more than $2.0 million for its first year. B2B and B2C E-mail marketing is part of a multi-billion dollar industry and BizRocket is confident it can become a significant industry participant with unique crossover opportunity in its business models toward possible buyouts from tech and media giants. Pre-teen target marketing is on the rise as demonstrated by the recent acquisition of sites like Club Penguin by Disney. Likewise, social coupon sites have tremendous potential. Earlier this month, Groupon initiated paperwork for an IPO filed for $750 million dollars.
According to the company, news on the acquisition is imminent and will be disclosed via press release as the deal progresses. Finalization is expected over the next few weeks.
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