South Florida Media Group Acquires Welcome Wagon Assets From Move, Inc.
24 Junho 2009 - 9:00AM
Business Wire
Move, Inc. (Nasdaq:MOVE), the leader in online real estate,
announced today that it has sold the assets and certain liabilities
of Welcome Wagon to South Florida Media Group. Terms of the sale
were not disclosed. The Company announced in August 2008 its
intention to sell Welcome Wagon to better focus on its core online
real estate business.
South Florida Media Group is a hyperlocal community advertising
company with Internet sites, magazines and community newspapers.
South Florida Media Group is based in Boca Raton, Florida.
"We are very happy to have acquired Welcome Wagon and look
forward to continuing the 80-year legacy of welcoming new
homeowners to their community," said Craig Swill, CEO of South
Florida Media Group. Steve Goodman, President of South Florida
Media Group, added, "With SFMG's successful formula in capitalizing
on local market advertising and Welcome Wagon�s position of
national dominance, we will further strengthen and poise the
company for explosive growth."
DeSilva+Phillips LLC, a New York-based investment bank
specializing in the media and digital media industries, advised
Move, Inc. on this transaction.
ABOUT MOVE, INC.
Move, Inc. (NASDAQ:MOVE) is the leader in online real estate
with 10.8 million(1) monthly visitors to its online network of
websites. Move, Inc. operates: Move.com�, a leading destination for
information on new homes and rental listings, moving, home and
garden and home finance; REALTOR.com�, the official Web site of the
National Association of REALTORS�; Moving.com;
SeniorHousingNet.com�; and Top Producer� Systems. Move, Inc. is
based in Westlake Village, California.
This press release may contain forward-looking statements,
including information about management's view of Move's future
expectations, plans and prospects, within the safe harbor
provisions under The Private Securities Litigation Reform Act of
1995. These statements involve known and unknown risks,
uncertainties and other factors which may cause the results of
Move, its subsidiaries, divisions and concepts to be materially
different than those expressed or implied in such statements. These
risk factors and others are included from time to time in documents
Move files with the Securities and Exchange Commission, including
but not limited to, its Form 10-Ks, Form 10-Qs and Form 8-Ks. Other
unknown or unpredictable factors also could have material adverse
effects on Move's future results. The forward-looking statements
included in this press release are made only as of the date hereof.
Move cannot guarantee future results, levels of activity,
performance or achievements. Accordingly, you should not place
undue reliance on these forward-looking statements. Finally, Move
expressly disclaims any intent or obligation to update any
forward-looking statements to reflect subsequent events or
circumstances.
[1] comScore Media Metrix, May 2009
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