FreeButton, Inc. Announces Letter of Intent to Acquire Rivalfly National Network, LLC.
29 Agosto 2013 - 3:08PM
Marketwired
FreeButton, Inc. (OTCQB: FBTN) today announced that it has entered
into a letter-of-intent to acquire all of the outstanding Units of
Membership of Rivalfly National Network, an Illinois Limited
Liability Company ("RNN"). RNN has more than 30 combined years of
distribution of goods and services to over 50,000 retail locations
Nationwide. RNN's distribution contracts provide FreeButton with
national reach for its B2B & B2C gamification platform at a
local level to businesses and consumers.
James Lynch, CEO of FreeButton said that "RNN provides several
strategic benefits to FreeButton. It brings more than 30 years of
relationships with national operators serving local markets
throughout the United States, enabling FreeButton to more
efficiently and effectively penetrate the domestic market for our
new gaming system platform. This distribution is vital to driving
customer and revenue growth for our business and enhancing
shareholder value."
In addition to accelerating FreeButton's go-to-market strategy
for its gamification platform, this national distribution will also
provide access for Media Rhythm's marketing business to untapped
media and advertising revenue potential.
Business Update
Key recent developments:
- FreeButton is in development of its new, media gaming platform
to be released later this year.
- FreeButton has successfully acquired and integrated Media
Rhythm Group, Inc. which it expects will drive advertising sales
for numerous publishers including GrindMedia and NBC Sports/Alli
Sports Dew Tour Properties providing FreeButton with established
ongoing revenue and relationships.
- FreeButton plans to unveil our unique, B2B tool VideoStakes,
which enables advertisers to maximize online engagement and sharing
of video content.
Forward-Looking Statements
This release contains forward-looking statements, including,
without limitation, statements concerning our business and possible
or assumed future results of operations. Our actual results could
differ materially from those anticipated in the forward-looking
statements for many reasons including: our ability to continue as a
going concern, adverse economic changes affecting markets we serve;
competition in our markets and industry segments; our timing and
the profitability of entering new markets; greater than expected
costs, customer acceptance of our products or difficulties related
to our integration of the businesses we may acquire; and other
risks and uncertainties as may be detailed from time to time in our
public announcements and SEC filings. Although we believe the
expectations reflected in the forward-looking statements are
reasonable, they relate only to events as of the date on which the
statements are made, and our future results, levels of activity,
performance or achievements may not meet these expectations. We do
not intend to update any of the forward-looking statements after
the date of this document to conform these statements to actual
results or to changes in our expectations, except as required by
law. There is no assurance that a definitive agreement will be
completed.
About Rivalfly National Network, LLC.
Rivalfly National Network, LLC is a
Illinois Limited Liability Company, whose principles have over 30
combined years of distribution of goods and services to over 50,000
retail locations as well as distribution contracts for these
services.
About Media Rhythm Group Inc.
Media Rhythm Group Inc., launched in Dec
2009, is a sales firm representing various media properties
including 14 magazines (Surfer, Surfing, Powder, Snowboarder,
Skateboarder, Canoe & Kayak, Standup Paddler, Bike, Dirt Rider,
ATV Rider, Paved, Baseball America, Slam, Alert Diver), 17+
websites and numerous events that are available for integrated
sponsorships. For more information go to www.mediarhythm.com.
About FreeButton, Inc.
Located in Encinitas, CA, FreeButton, Inc. is the operator and
developer of www.FreeButton.com, an advertising company that
specializes in advertising & brand promotion through the use of
a revolutionary new "Instant-Win" program where Users can attempt
to win a product.
Contact: James Lynch CEO FreeButton, Inc.
760-487-7772
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