New Canaan, CT, August 15, 2017 --(PR.com
)-- Veyo Partners is pleased to announce it acted as the exclusive financial advisor to Momentous Entertainment Group, Inc. (OTC PINK: MMEG) (“Momentous Entertainment”), a diversified media company that creates, produces and distributes quality content across various media platforms, in its acquisition of Blackfox, Inc. (“Blackfox”).
Blackfox was founded in 2014, and is a leading mobile advertising network with a strong worldwide affiliate network. The company has a broad customer base including over a dozen premium, big-budget advertisers, including Symantec, Tiger Media and Cliq Digital; all three companies are publically listed with revenues over $300 million. Since inception, Blackfox has generated consistent revenue growth, including revenues north of $2.5 million in 2016. Blackfox customers have used the company’s platform to run major mobile ad sales campaigns for such companies as Walmart, Nutri-Systems, Old Navy, LivingSocial, Amazon, GoDaddy, Macy's, LendingTree and others. The company has a unique competitive advantage by offering risk free plans, where customers only pay for successful installs or generated purchases. Blackfox also offers credit terms to qualified customers. With mobile advertising on the rise, and hundreds of pending affiliate applications, Blackfox is well positioned for continued growth.
Momentous Entertainment CEO Kurt Neubauer stated, “This brings a fourth acquisition to Momentous Entertainment and adds yet another revenue stream to enhance our top and bottom line performance.”
This is the third acquisition this year where Veyo Partners acted as the exclusive advisor to Momentous Entertainment. Veyo Partners has worked closely with Momentous Entertainment on its strategy to expand in media technology through the acquisition of Blackfox, and previous acquisitions of Poolworks for $10 million in February 2017 and Chimera Company Games for $320,000 in March 2017.
Blackfox, Inc. (“Blackfox”) http://www.blackfox.io is a unique mobile ad networks company that has been silently innovating the performance digital marketing sector by delivering highly qualified sales and leads to trusted clients. Blackfox’s team has combined over 20 years experience in the performance marketing space and have generated millions of dollars for their clients. They work with clients to create tailored marketing campaigns to find the perfect audience.
About Momentous Entertainment Group
Momentous Entertainment Group, Inc. (“Momentous Entertainment”) http://www.momentousent.com is a diversified media company with a focus on technology that creates, produces and distributes quality content across various media platforms. It is vertically organized into four business areas: social networking, social gaming, ecommerce consumer products and services, and OTT (Over-The-Top) streaming media content creation and distribution. Momentous Entertainment has a combined management experience of more than 100 years in entertainment, technology and marketing.
About Veyo Partners
Veyo Partners https://www.veyopartners.com
is a merchant banking and business advisory firm with a focus on small public companies with market capitalizations under $500 million, and with private companies planning to become public. We advise on key challenges and opportunities across all business segments including operations, sales & marketing, corporate strategy, corporate finance, investor relations, mergers & acquisitions and business divestitures.