|By PR Newswire||
|October 16, 2012 08:12 AM EDT||
Global media company continues expansion with a strategic ally in the nightlife industry.
VANCOUVER, Oct. 16, 2012 /PRNewswire/ - Today, Vancouver-based myZone Media, a global nightlife marketing provider and owner of clubZone.com and ticketZone.com, announced the acquisition of Clubvibes, a media business dedicated to the promotion of nightclubs in Canada and the US, for $500,000 in cash.
Mike Schwarz, Founder and CEO of myZone, announced that all assets, including Clubvibes.com and the Vancouver Nightlife Awards, were purchased to better prepare for ongoing global expansion. Joel Weinmaster, former President of Clubvibes, will work with myZone as the company's new CTO.
"I'm very happy to merge forces with myZone and help take this business model around the world," said Weinmaster. "I believe that together we can provide a better product for our consumer."
Schwarz is confident that the acquisition will be a mechanism for continued expansion and enhancement of myZone Media's strong position in the rapidly growing online club-promotion and ticketing market.
"Joel and I have worked together in the past and I've found that he and I have very complimentary skill sets," said Schwarz. "Combined with the marketing reach of the myZone network, I'm really excited to see how Clubvibes technology and Joel's talent will increase our ability to go global quickly."
Both Schwarz and Weinmaster were co-founding members of the original Clubvibes website in 2000. Their original office was located on the second floor of a mini-storage building in Vancouver, which also served as an apartment for four members of the original team. The site quickly grew in popularity and became one of Vancouver's first social networking sites, several years before Facebook or mySpace.
In 2002, the pair rejected a $2.5 million buy-out offer for Clubvibes and subsequently parted ways. In 2003, Schwarz went on to build a competitive business model with clubZone and has now turned full circle, working together again with his original business partner.
About myZone Media, Inc: Founded in 2003, myZone Media is a global nightlife marketing provider consisting of a network of websites, including clubZone.com, ticketZone.com, DiscoverVancouver.com, Clubvibes.com and events such as the Vancouver Nightlife Awards. Reaching over 22 million young people each year, clubZone helps young people answer the question, "where's the best party tonight?", while ticketZone provides ticketing solutions to over 1,000 nightlife promoters in Canada, the United States, and the UK. myZone Media is a Vancouver-based company with teams operating in Buenos Aires, New York City, Beijing, and Tamil Nadu, India.
About Clubvibes: Co-founded in 2000 by Joel Weinmaster & Mike Schwarz, Clubvibes emerged from the ashes of the Internet Bubble to become a pioneer in social media marketing before the term "social media" even existed. By 2001, Clubvibes established itself as Vancouver's premier nightlife website and online community, reaching over 2 million people per year.
About Vancouver Nightlife Awards: The annual Vancouver Nightlife Awards recognize the best of the Vancouver party scene. Now in its ninth year, the awards allow members of the public, as well as industry professionals, to vote on several categories, including Nightclub of the Year, Bartender of the Year, Manager of the Year, DJ of the Year, and more. Preparations for the 2013 awards begin in November.
SOURCE myZone Media