Pine Hill, AL. (PRWEB) January 26, 2007
Autery New Media, Inc. a leading provider of Broadcast Quality Video animations, in Standard Definition and High Definition with Audio Tracks and will provide solution for television stations, broadcast studios, video production studios, and for handheld devices with video capabilities along with video email internet marketing graphics and sound files and solutions for small and medium-sized businesses, announced today the acquisition of substantially all of the assets with Exclusive Rights Intellectual Property Rights all content of Croart.net of Croatia Europe. Autery New Media, Inc. will operate Croart.net as a separate division that will be teamed with DVD-Makers.com group.
Michael Autery, President & CEO of Autery New Media, Inc, stated, "We are pleased to announce the acquisition of Croart.net, which enhances our ability to provide a one-stop shop for comprehensive, affordable video animations and online media solutions for small and medium-sized businesses. Croart.net opens up new opportunities for our DVD-Makers.com group, and the ability to leverage Croart.net leadership and success in the video/audio market is in-line with Autery New Media, Inc, long-term strategic direction of providing targeted, high value solutions to customers in specific vertical markets." Autery added, "In addition to being highly attractive from a fundamental perspective, the acquisition is consistent with our strategic plan of executing on acquisitions that we expect to be accretive to the bottom line." Due to the absence at this time of an estimate of the allocation of purchase price between goodwill and other intangibles, Autery New Media, Inc is unable to provide GAAP estimates on future earnings. The transaction is currently expected to be break-even to slightly accretive to earnings in the first twelve months after closing on a non-GAAP basis.
Cynthia Barr, Executive Vice President of Autery New Media, Inc, division stated, "The combination of DVD Makers Online (DVD-Makers.com) and Croatian Art Croart.net allows us to expand our relationships with current customers as well as add new media product capabilities."
Michael Autery, President & CEO of Autery New Media, Inc, adds, "Our business momentum and awareness in the marketplace has increased significantly over the last year. With the added management support and financial resources of DVD Makers Online (DVD-Makers.com), we will be much better positioned to capitalize on the growing demand we see in our current target market. In addition, combining with DVD Makers Online (DVD-Makers.com) will help broaden our reach beyond our core categories into related markets."
For more information about Autery New Media, Inc, visit http://www.auterynewmedia.com For more information about DVD Makers Online, visit http://www.dvd-makers.com For more information about Croart.net, visit http://www.croart.net or call 1-800-375-0386
About Autery New Media, Inc.
Autery New Media, Inc. is a leading provider of membership websites that provide video animations and music product solutions. The company offers a comprehensive suite of video animations in Standard definition and High Definition and music sound effects, music tracks and design custom websites, customer support and technology tailored to the needs of small and medium-sized businesses. Additionally, Autery New Media, Inc partners with enterprise companies to help them build stronger, more profitable relationships with their business customers. Based in Pine Hill Alabama, Autery New Media Inc. can be reached by calling 1-800-375-0386. More information is available at http://www.auterynewmedia.com.
About DVD Makers Online
Since 1997, DVD-Makers.com has helped customers produce High Quality CD and DVD products. DVD-Makers.com, a Autery New Media, Inc. company, is a CD/DVD Duplication and Replication facility that also provides DVD on Demand services for its customers. DVD-Makers.com online website offers video animations, music tracks, software tutorials, DVD motion menu graphics to speed up the process of members to create DVDs. DVD-Makers.com helps small and medium sized businesses use the internet download products to generate quality DVD product. More information is available at http://www.dvd-makers.com or by calling 1-800-375-0386.
Croart.net, a Autery New Media, Inc. company, is a online website that offers Royalty Free Rights, Exclusive Rights and Resell Rights for SD and HDV High Quality Video Animations and music tracks, Croart.net helps small and medium sized businesses by providing Exclusive Rights and Resell Rights for graphic and media products so customers can create, rebrand and resell products. More information is available at http://www.croart.net or by calling 1-800-375-0386.