"This acquisition adds an attractive complementary publication to our suite of proven products and, even more importantly, extends MMP's footprint into FunMaps' established markets throughout United States and Canada," explained Bobby Blair, CEO of MMP. "In FunMaps we not only acquire the print publication, with a readership of over five (5) million per year, but also the robust online directory/city guide, Gayosphere.com," added Blair.
FunMaps' award-winning publisher and CEO, Alan H. Beck, will remain with the company for a period of at least three years, and will assist MMP in integrating FunMaps into the infrastructure and help to lead the public company.
"FunMaps' online city guide, Gayosphere.com, is unique as an unbiased travel and hospitality business source. As part of the soon-to-launch MMP Social Media network, we will become a significant part of a comprehensive LGBT social media network," said Alan Beck, CEO of FunMaps. "And, as a nationally certified LGBT Corporate Supplier of the National Gay and Lesbian Chamber of Commerce, we also bring our own legacy of established advertising relationships with blue-chip companies that will benefit the whole group," Beck added.
Multimedia Platforms Inc. has also identified several other established and profitable media companies that each will bring a wealth of assets, revenue and strategic market advantages to MMP, as well as profiting from the alliance in their own core businesses. The company will announce acquisitions as agreements are signed.
ABOUT MULTIMEDIA PLATFORMS, LLC
Multimedia Platforms, LLC ("MMP") is an industry-leading Multimedia Technology and Publishing company that integrates print media with social media, and related online platforms, to deliver information and advertising to niche markets. MMP's goal is to utilize their proven business model to deliver niche publications and online platforms that target one of the most sought after demographics in the world, the $850 billion dollar Lesbian, Gay, Bisexual and Transgender global market. MMP has recently expanded their concept to include video and mobile applications reaching deep into the international LGBT community. MMP's plan to interweave print, web and mobile delivery of the highest quality news and entertainment information via a variety of platforms crosses all cultural, generational and preferred modality barriers to reach an unprecedented audience.
Investor Relations: Francis Fytton ir@tbgholdings.com 954-440-4678