Iconosys Spins off Ad Shark to Shareholders Prior to Finalizing Merger with Monster Offers Monster Ad Shark Merger on Track
LAGUNA NIGUEL, Calif., Aug. 28, 2012 /PRNewswire/ -- Monster Offers™ (OTCBB: MONT), a leading Daily Deal analytics provider and aggregator, today announced that the proposed Merger between Ad Shark and Monster Offers remains on track for completion.
On May 9th, 2012, Monster Offers and Ad Shark signed a non-binding Letter of Intent (LOI), in which the two companies stated their mutual intention to enter into a merger agreement whereby, as a result of the Merger, (i) Ad Shark would be merged with and into Monster Offers, (ii) Monster Offers would exchange restricted shares with the Ad Shark shareholders, and (iii) as a result of the Merger, Ad Shark shareholders would own approximately 90-95% of the merged entity. Both parties continue to work towards the merger and anticipate consummation this quarter.
About Monster Offers™:
Monster Offers is a leading Daily Deal analytics provider and aggregator collecting daily deals from multiple sites in local communities across the U.S. and Canada. Focused on providing innovation and utility for Daily Deal consumers and providers, the company collects and publishes thousands of daily deals and allows consumers to organize these deals by geography or product categories, or to personalize the results using keyword search. More information can be found by visiting the company's websites located at monsteroffers.com and at monsterdailydeals.com.
About Ad Shark™:
Ad Shark organizes advertising sales efforts by constructing a robust media and advertising delivery system. Ad Shark's mission is to capitalize on the explosive growth of the mobile marketing industry, which some analysts have estimated to be increasing at an annual rate of about 100% per year and which by some estimates now represents nearly 30 Billion Dollars in worldwide annual revenues.
Ad Shark's innovative approach to integrating traditional internet advertising with optimized media and cutting edge ad delivery methods, all tailored specifically for the applicable Smart Device, OS or screen resolution platform, makes the company "a player to be reckoned with" in the very competitive pool for mobile marketing services and products. For more on Ad Shark, Inc., see adshark.mobi.
Any statements contained in this press release that relate to future plans, events or performance are forward-looking statements that involve risks and uncertainties, including, but not limited to, the risks associated with the management appointment described in this press release, and other risks identified in the filings by Monster Offers (MONT), with the Securities and Exchange Commission. Further information on risks faced by MONT are detailed in the Form 10-K for the year ended December 31, 2011, and in its subsequent Quarterly Reports on Form 10-Q. These filings are or will become available on a website maintained by the Securities and Exchange Commission at http://www.sec.gov. The information contained in this press release is accurate as of the date indicated. Actual results, events or performance may differ materially. Monster Offers does not undertake any obligation to publicly release the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
For Iconosys/Ad Shark
Max Borges Agency
Max Borges Agency
80 SW 8th St, Floor 27
Miami, FL 33130
SOURCE Monster Offers