 SharkReach, Inc. Reaches Agreement To Acquire Key Strategic Instagram Partner With Revenues of $1.5 Million
The Mobile Media Lab Has Been Described As "A Marketing Agency For Instagram" By Adweek.
HERMOSA BEACH, CA 2/11/2016
SharkReach, Inc. ("SharkReach®" or the "Company") (OTC Markets: SHRK) a millennial influence marketing company today announced that it has reached an agreement to acquire 100% of a key strategic partner in the millennial social media marketplace.
The Company will acquire 100% of Mobile Media Lab, LLC for cash and stock in the Company. Closing is scheduled to take place on or before February 28, 2016 but can be extended thirty days by agreement of the parties. Details of the transaction will be released in an upcoming 8K filing.
Mobile Media Lab focuses on Instagram.
In fact, it founders were Co-Founders of the NYC Instagram Community. They joined forces in March of 2012 and began to shape the way brands interact with influencers and their audiences on Instagram. By leveraging personal relationships with hundreds of Instagrammers around the world, their unique approach connects clients with the right Instagrammers for their campaigns. They are an original creative agency that is and has been shaping the way brands advertise with influencers and their audiences on Instagram.
“Instagram is definitely the hottest influencer platform going today”, said Jim Louderback, Managing Partner at The Louderback Group and a Member of the Company’s Board of Advisors.
“The top creators drive incredible awareness, intent and activity when they promote products and services in an authentic way. Shark Reach has made a major step forward with this acquisition in this exciting ecosystem.” He added.
“This is just the first in a line of key strategic acquisitions that the Company plans to make in order to have the largest footprint of all the players in this space as quickly as possible and, at the same time, to acquire additional components and expertise in order to increase our operational assets to better serve our clients and to exponentially grow our revenues in the shortest possible amount of time” added Steve Smith, SharkReach Founder and CEO.
Our criteria for target acquisitions are companies that will bring: 1) Content Management; 2) Large Client Lists; and 3) Proven Track Record of 2+ years in the influencer marketing space. Mobile Media Labs fits those criteria and more. The additions of Mobile Media Lab’s focused Instagram strategies, their clients, resources and revenues and the addition of both Brian & Anthony to our executive staff is a great leap forward for the Company. I am excited to add their know-how and expertise to the team.” Steve Smith continued.
Brian DiFeo and Anthony Danielle, Co-Founders of Mobile Media Lab said: “We have been tracking Steve Smith and SharkReach’s emergence as a prime player in the social media influencer market and are ecstatic about becoming a part of what we hope will become an industry giant in this space.”
Brian DiFeo pioneered the Instagram advertising industry in 2011 when he brought together Instagrammers and brands via the Meetup group Instagram NYC. He quickly expanded his influence in 2012 by traveling internationally with clients such as PUMA and Veuve Cliquot. As an industry leader, Brian has spoken extensively about social media marketing, including interviews with TIME, The Huffington Post, and PBS. He has also discussed influencer marketing on panels at Columbia School of Journalism and the Independent Fashion Bloggers Conference. He’s @bridif on Instagram and Twitter.
Anthony Danielle, better known as @takinyerphoto, built his reputation as a street-style photographer by sharing candid Instagrams of fashionable New Yorkers. He was recently named one of four “Best of Instagram Street Photography” accounts by Forbes, had photos featured in the New York Times Fashion Blog, and also featured on Instagram's blog in 2012. As an early adopter of Instagram and trendsetter in the community, Anthony has forged many friendships on the platform and turned them into business relationships that deliver for our clients all the time. Anthony has photographed exclusively for Chivas Regal at the TIME 100 and Calvin Klein, and can often be found increasing his portfolio on the streets of New York.
Mobile Media Lab has conducted campaigns for.. READ PRESS RELEASE
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