110 Media Group, Inc. (OTCBB:ONTN) finds that the acquisition of Global Portals Online in a stock swap deal in December has been a good fit for 110 Media Group.
110 Media Group ( www.110mediagroup.com ) acquired all outstanding stock of Global Portals Online, Inc. in exchange for 11,442,446 shares of 110 Media Group common stock.Through its vertical product lines, Global Portals Online, Inc. has enhanced 110 Media Group’s high-speed cable operators, DSL/Telcos, Hosting/ISPs, major internet portals, media conglomerates, municipalities, online destination and community sites, and provided a complete turnkey private-label solution.
This has allowed members of 110 Media Group to obtain all the “do-it-yourself” tools for building their own online business/personal sales portal and/or website. These newly captured consumers and newfound recurring monthly revenues bring a large community of online users. These users generally aspire to build an online brand, increase registration rates, recurring monthly residuals, retention, frequency and duration of users visiting their site, while enhancing overall revenue and profitability opportunities.
Forward Looking Statements: Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact included in this release, including without limitation statements regarding potential future plans and objectives of the Corporation, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Gross turnover could be substantially less in the future due to changes in the law, general economic conditions, or unexpected failure of equipment servicing the accounts. In addition, technical complications which may arise could prevent the prompt implementation of the plans outlined above. Additional Safe Harbor Act Disclaimer Notice is available on the website at http://www.110mediagroup.com .
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SOURCE:
ONTN — 110 Media Group, Inc.
95 Broadhollow Road
Suite 101
Melville, NY 11747
Phone: 631-385-0007
URL: http://www.110mediagroup.com
