Elysium Internet, Inc., a wholly owned subsidiary of FTS Group, Inc. (FLIP.OB), announced that the company has completed their previously announced acquisition of Dice Ventures, Inc. Dice Ventures, Inc, currently based in Ontario, Canada, is focused on developing leading technology that allows Internet domains to be monetized using efficient technology.
Dice’s new platform will allow Elysium to increase revenue quickly by targeting specific audiences and further relating ads to individual users.
Elysium Internet CEO Scott Gallagher commented “We plan to deploy the new platform over our entire direct navigation domain portfolio of over 2,000 names by February 1st. This acquisition and the technology platform we’ve now acquired will help position our Company as an emerging leader in the direct navigation media space.”
Gallagher continued, “We’ll continue to seek out additional large scale opportunities to acquire direct navigation domain names that further leverage our technology. We’re currently in negotiations with several portfolio owners and hope to agree on a deal shortly. Our plans are to quickly build Elysium into a leading high growth player in the direct navigation media space.”
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