SPINDLE, INC. Acquires MeNetwork

Share Article

Spindle, Inc. (SPDL) a Cloud Based Mobile Platform Payment Solution Providers has acquired MeNetwork Inc., a Colorado-based provider of location-based mobile marketing solutions for businesses and consumers. MeNetwork works with merchants in 84 markets across the United States where it delivers location-based marketing, including offers, events, goods and services, in a comprehensive and efficient mobile commerce ecosystem. MeNetwork has recently expanded to over 20 markets in Europe.

Spindle, Inc. Your Solutions and Possibilities Provider

Spindle, Inc. Your Solutions and Possibilities Provider

Spindle, Inc. (SPDL) a Cloud Based Mobile Platform Payment Solution Providers has acquired MeNetwork Inc., a Colorado-based provider of location-based mobile marketing solutions for businesses and consumers. MeNetwork works with merchants in 84 markets across the United States where it delivers location-based marketing, including offers, events, goods and services, in a comprehensive and efficient mobile commerce ecosystem. MeNetwork has recently expanded to over 20 markets in Europe.

Adding MeNetwork to Spindle’s backbone will enhance Spindle’s already comprehensive commerce environments available for the mobile payment marketplace and is sure to grow the size of the current abundant partners Spindle enjoys. Using todays social and business networking sites and tools facilitated the reconnecting of the heads of Spindle and MeNetwork leading to the (3.5M * 1.50 share price $5,250,000) with an earn out potential of $5M over three years deal as noted by the intriguing story in Silicon Prairie News.

Spindle is an innovator of mobile payment solutions for the banking industry, retail sector and consumer-facing companies. A pioneer in "Frictionless Finance," the company is actively developing new and improved ways for companies and end consumers to fluidly transact and exchange funds, regardless of platform. Spindle is dedicated to delivery of secure payment services crossing traditional boundaries by offering cutting-edge solutions that enable buyers, sellers and individuals to transact face-to-face or virtually using mobile or Internet devices. Spindle also owns and has developed an extensive intellectual property portfolio, including patents pending, covering networks, mobile payments and security.

For more information or to schedule an interview with Glenn Goldberg
Parallel Communications Group

516-705-6116 call

or email:

ggoldberg(at)parallelpr(dot)com

Spindle, Inc. Your Solutions and Possibilities Provider

Copyright © 2013 All rights reserved.
PR: http://www.MassMedia77.com Sound Marketing is Smart Business

Safe Harbor Statement

This report includes forward-looking statements covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for fiscal year 2010 and beyond could differ materially from the Company’s current expectations.

Forward-looking statements are identified by words such as “anticipates,” “projects,” “expects,” “plans,” “intends,” “believes,” “estimates,” “targets,” and other similar expressions that indicate trends and future events.        

Factors that could cause the Company’s results to differ materially from those expressed in forward-looking statements include, without limitation, variation in demand and acceptance of the Company’s products and services, the frequency, magnitude and timing of paper and other raw-material-price changes, general business and economic conditions beyond the Company’s control, timing of the completion and integration of acquisitions, the consequences of competitive factors in the marketplace including the ability to attract and retain customers, results of the MyC3 initiative and other cost-containment strategies, and the Company’s success in attracting and retaining key personnel. Additional information concerning factors that could cause actual results to differ materially from those projected is contained in the Company’s filing with The Securities and Exchange Commission. The Company undertakes no obligation to revise or update forward-looking statements as a result of new information since these statements may no longer be accurate or timely.

Analysts’ Compensation: Mass Media 77, Inc. who in part or in whole may be responsible for the preparation of this report may receive compensation based upon various factors, including the quality and accuracy of research, client feedback, competitive factors, and overall firm revenues, which include revenues from, among other business units, Institutional Equities and Investment Banking and restricted stock.

Information has been obtained from sources believed to be reliable but Mass Media 77, Inc or its affiliates and/or subsidiaries (collectively Mass Media 77, Inc.) do not warrant its completeness or accuracy. Opinions and estimates constitute our judgment as of the date of this material and are subject to change without notice. Past performance is not indicative of future results. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The opinions and recommendations herein do not take into account individual client circumstances, objectives, or needs and are not intended as recommendations of particular securities, financial instruments or strategies to particular clients. The recipient of this report must make its own independent decisions regarding any securities or financial instruments mentioned herein. Periodic updates may be provided on companies/industries based on company specific developments or announcements, market conditions or any other publicly available information. Additional information may be available upon request.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

William Clark, President

Tom Lineen, Executive Vice President
Spindle, Inc
480.336.2653
Follow us on
Visit website