FreeButton, Inc. Signs Non-Binding Letter of Intent to Acquire Sponsor Me, Inc.
07 Febbraio 2013 - 8:57PM
Marketwired
FreeButton, Inc. (OTCQB: FBTN) developer of www.FreeButton.com, an
advertising company that specializes in e-commerce &
advertising promotion, today announced that it has signed a letter
of intent to purchase 100% of Sponsor Me, Inc. (SME), an action
sports network that engages in digital lifestyle, providing live
broadcasting, live events, and authentic programming in adventure
and action sports. The transaction is subject to due diligence and
both shareholder and board approval of both companies.
"I am extremely excited to be working with the FreeButton staff
to drive SME to the next level," stated Brenden Garrison, CEO of
Sponsor Me, Inc. "The timing of adding this team's vast group of
contacts and expertise will make the transition seamless. Working
closely with the FreeButton team towards this acquisition has shown
me the power of expanding our marketplace and is where I see the
most potential future growth for our corporation. The experience
that is being brought on-board by the FreeButton team as well as
their clients will exponentially expand SME's growth."
"We see some amazing opportunities with SME to grow its business
in line with FreeButton, Inc. in numerous media venues including
VOD, content aggregation, and original content. The companies prove
to have great synergies," stated James Lynch, CEO of FreeButton,
Inc.
About Sponsor Me, Inc
Headquarted in Irvine, CA SME is an action sports network that
engages in digital lifestyle, providing live broadcasting, live
events, and authentic programming in adventure and action sports.
SME's online community drives original and user content across all
platforms in addition to selling its branded and licensed
merchandise. For more information visit www.smelive.com.
About FreeButton, Inc.
Located in Encinitas, CA, FreeButton, Inc. is the operator and
developer of www.FreeButton.com, an advertising company that
specializes in e-commerce & advertising promotion through the
use of a revolutionary new "Instant-Win" program where Users can
attempt to win a product without signing up or entering any private
info.
Forward-Looking Statements This release
contains forward-looking statements, including, without limitation,
statements concerning our business and possible or assumed future
results of operations. Our actual results could differ materially
from those anticipated in the forward-looking statements for many
reasons including: our ability to continue as a going concern,
adverse economic changes affecting markets we serve; competition in
our markets and industry segments; our timing and the profitability
of entering new markets; greater than expected costs, customer
acceptance of our products or difficulties related to our
integration of the businesses we may acquire; and other risks and
uncertainties as may be detailed from time to time in our public
announcements and SEC filings. Although we believe the expectations
reflected in the forward-looking statements are reasonable, they
relate only to events as of the date on which the statements are
made, and our future results, levels of activity, performance or
achievements may not meet these expectations. We do not intend to
update any of the forward-looking statements after the date of this
document to conform these statements to actual results or to
changes in our expectations, except as required by law. There is no
assurance that a definitive agreement will be completed.
Contact: James Lynch CEO & Co-Founder FreeButton, Inc.
760-487-7772 http://freebutton.com/contact-us
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