QualityStocks News - Monster Offers Merges with Ad Shark to Form Enhanced Mobile Advertising Products and Solutions

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Merger of targeted mobile advertising providers results in formation of “Newco”

...expect to realize a number of compelling synergies and cost savings opportunities as a result of this transaction.

QualityStocks would like to highlight Monster Offers, a publicly traded leading Daily Deal analytics provider and aggregator, collecting daily deals from multiple sites in local communities across the U.S. and Canada. Focused on providing innovation and utility for Daily Deal consumers and providers, the company collects and publishes thousands of daily deals and allows consumers to organize these deals by geography or product categories, or to personalize the results using keyword search.

In the company’s news yesterday,

Monster Offers and Ad Shark announced that they have completed a merger of the two companies to create the emerging entity Newco, which will continue trading under the public company's current ticker symbol.

Monster Offers and Ad Shark each deliver targeted mobile advertising services and marketing programs. The companies suggested that they are mulling a potential new name for Newco to better reflect brands and market opportunities resulting from their merger.

“We are very pleased and excited to have this merger completed,” Wayne Irving, II, CEO of Monster Offers stated in the press release. “As the company moves forward, we will now be able to concentrate our joint efforts to build a unified company, full of innovation and solutions that better serve the needs of today’s online mobile advertisers and consumers.”

Newco plans to maintain existing strategic alliances with existing business development and content distribution partners, as well as with Ad Shark’s former corporate parent, Iconosys Inc. In addition, the newly formed entity will focus on securing additional alliances to further its opportunities.

“Ad Shark is excited to move forward with its business plan under the Monster Offers umbrella. With this merger completed, the combined entity can better serve customers and clients through more powerful and impactful mobile advertising products and solutions and daily deal offerings. We also expect to realize a number of compelling synergies and cost savings opportunities as a result of this transaction,” William F. Povondra, Jr., Ad Shark board member stated.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

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