|By Marketwired .||
|June 9, 2014 09:09 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/09/14 -- Brisio Innovations Inc. (CSE: BZI), (the "Company"), is pleased to announce that it has executed a Definitive Agreement to acquire up to 100% of the issued and outstanding securities of OakBranch Media and it's underlying assets. The specific terms for the acquisition are detailed in the Company's news release dated March 18, 2014.
OakBranch Media is an integrated media company with its main assets being the Good e-Reader website, a leading website specializing in e-Reader, eBook and Digital Publishing News, which has over 230,000 unique visitors per month, and the Good e-Reader App Store, which with over 35,000 apps, 420,000 unique visitors and 7 million page views per month, distributes worldwide and is the largest independent Android and Blackberry alternative app store in Canada. OakBranch also operates its own video studio and YouTube channel, which receives over 320,000 views per month.
Paul Andreola, President and CEO, states, "We are very pleased to welcome our new partners from OakBranch Media to the Brisio team. We believe that this exciting acquisition uniquely positions Brisio to derive substantial value and opportunity from the lucrative App Store distribution market, and the collective knowledge and experience of OakBranch will greatly assist Brisio in furthering its business plan of building an industry leading mobile app discovery and distribution platform and a world-class portfolio of market-relevant mobile applications."
Michael Kozlowski, CEO of OakBranch Media states: "We are very excited to be working with Brisio to take the Good e-Reader App Store and our other media assets to the next level. The entire editorial and development team all have a clear and concise vision of the necessary steps needed to be a world class leader for Android, Blackberry and Tizen app distribution."
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OakBranch Media: http://goodereader.com
Good e-Reader Appstore: http://apps.goodereader.com/
About the Company
Brisio Innovations is focused on the acquisition, development and marketing of software applications for mobile computing devices, such as smart phones, tablets, and wearable computers.
On behalf of the Board,
President, CEO and Director
Disclaimer for Forward-Looking Information
Certain statements in this news release are forward-looking statements, which reflect the expectations of management regarding potential positive effects that the acquisition of the portfolio of apps may have on the business of the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, and include discussion of: (i) revenue generating potential of the apps; (ii) market potential for the apps; and (iii) the Company's plans to translate the apps for Android devices. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management's current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company's actual results to differ materially from those expressed or implied by the forward-looking statements, including: (i) that app purchasers may cease or fail to purchase any of the apps; (ii) that potential growth is not as expected; (iii) that the Company may be unable to successfully translate the apps for Android devices; and (iv) other factors beyond the Company's control. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws. Additional information about the Company is available in the Company's public filings with Canadian securities regulators, available on SEDAR at www.sedar.com.
Brisio Innovations Inc.
President, CEO and Director