PlayBOX aggressively acquires businesses that are active in some form of media entertainment. It then disperses that media through a network of distribution channels which range from cell phones and other mobile devices to the Internet. The company is focused on assisting others in updating the commercialization of media to fit the standards of today’s technologically-advanced consumer environment.
PlayBOX recently acquired Delta Leisure Group in a move that broadened the company’s reach significantly. In addition to Delta’s pre-existing placement in over 700 retail outlets, the acquisition entailed an extensive catalogue of musical and video IP (intellectual property) copyrights.
In another development, the company announced its intent to merge with New Visions Mobile, a UK-based mobile music distribution firm with a reputation for building impressive client bases across mobile networks.
For PlayBOX, Inc., it seems, there is no time like the present. The company is rapidly growing each of its distribution arms including traditional retail, online, and mobile networks, and is beginning to receive considerable attention from the investment community. In a Beacon Equity Research Report released this morning, analyst Victor Sula, Ph.D rated it a ‘Speculative Buy’, and issued a target price of $1.90 for the stock, which is now trading around sixty-five cents.
Let us hear your thoughts: