WEST HOLLYWOOD, CA / ACCESSWIRE / September 19, 2014 / Wowio, Inc. (OTCBB:WWIO), a technology development and digital media company with a patented process and a proprietary mobile ad-delivery platform that will disrupt the eBook distribution landscape, today announced that the company has entered into an Agreement with Boston-based Acquis Capital to evaluate potential strategic acquisition targets.
"We think WOWIO's business plan to distribute eBooks and other digital media provides a strong opportunity for accelerated growth through multiple strategic acquisitions, " commented Sam Kotch, Founding Partner of Acquis. "We are excited to have entered into this Agreement with WOWIO because we believe their intellectual property can be greatly enhanced by acquiring complementary technologies and media assets."
WOWIO holds a proprietary patent that allows for the insertion of advertising into eBooks, a mobile eBook distribution platform, and a proprietary mobile ad network, providing the digital publishing distribution channel with a viable alternative to that of other content distribution outlets. Observed Brian Altounian, CEO of WOWIO, "My vision for the future of the digital content production and distribution incorporates a simultaneous multi-platform development cycle that includes digital publishing and other digital media Through our Agreement with Acquis Capital, WOWIO is now in a great position to execute on strategic acquisitions in the areas of technology development and digital media in order to expand our business all while, improving our financial position with working assets and additional revenue streams."
The companies plan to work together to facilitate strategic acquisitions over the next 12 to 24 months.
About WOWIO, Inc.
WOWIO, Inc., (OTCBB:WWIO) is a technology development company with a patented process and a proprietary mobile ad-delivery platform that will disrupt the eBook distribution landscape by exploiting a previously untapped marketplace: advertising-supported eBooks! Our exclusive ownership of an issued patent that governs this opportunity allows us to expand our reach as a digital media company far beyond producing and distributing content across multiple platforms. WOWIO has built and acquired a number of digital media technologies, platforms and distribution outlets and is focusing its efforts on opportunities to create and monetize ancillary content product lines beyond eBooks and other forms of digital media. To learn more about WOWIO, please visit our corporate website at http://www.studiowdigital.com.
Corporate contact:
Jacob Morris
(310) 807-8122
[email protected]
Shareholder Inquiries:
Tom Becker
(702) 445-7038
[email protected]
About Acquis Capital
Acquis Capital, LLC is a private investment company focusing on small public companies with acquisition centered growth strategies. Through its ACE(TM) program (Acquisition Capital for Equity), Acquis Capital invests in publicly traded companies with market capitalizations under $1bn. Acquis Capital takes pride in being a value added investor. For more information on Acquis Capital, please visit www.AcquisCapital.com
Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors detailed in reports filed by the Company. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
SOURCE: Wowio, Inc.