PlayBOX Inc. (PYBX.OB) is a growing global media entertainment distribution company that offers a wide variety of distribution channels for new music artists and small-to-medium sized record labels. PlayBOX is aggressively growing its traditional (retail) and non-traditional (digital, online and mobile) distribution channels so independent artists can reach their waiting public even more quickly and easily, while staying at the forefront of emerging trends in distribution.
Through a series of strategic mergers and acquisitions, PlayBOX aspires to become a world leader in the distribution and marketing of global entertainment media, with a strategic focus on delivering digital media through PC’s, televisions, and mobile phones. PlayBOX is in negotiations to acquire New Visions Mobile (“NVM”), a mobile music company that creates social networks for artists and music brands across mobile networks. PlayBOX is able to fund its aggressive acquisition strategy partly through a share subscription agreement with Karada Ltd., worth $1 million in share purchases.
PlayBOX has established a revenue target of $50 million for fiscal 2009. PlayBOX’s recent acquisition of Delta Leisure Group Plc, with its combination of IP ownership of copyrights in music and visual media, access to the traditional marketplace, and early position in the digital download music market, puts PlayBOX in an excellent position to capture its share of the $8 billion independent global music marketplace.
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