Monster Offers Announces Merger Conversion Ratio and New Company Name Ad Shark Shareholders to swap 4.38 shares of Ad Shark for 1 share of Monster Offers
LAGUNA NIGUEL, Calif., Oct. 8, 2012 /PRNewswire/ -- Monster Offers (OTCBB: MONT), a leading Daily Deal analytics provider and aggregator, today announced that management has determined that the exchange ratio for the proposed merger with Ad Shark, Inc., a privately held California corporation, will be 4.38:1. Under the terms of this transaction each 4.38 shares of Ad Shark would be converted into the right to receive one (1) share of Monster Offers. As previously reported, the pending merger remains on track for completion.
Management for each of the companies is now is the process of completing the final merger documents, which will be disclosed in a Current Report on Form 8-K to be filed on the EDGAR system with the U.S. Securities and Exchange Commission. The Company expects to file the Form 8-K regarding the closing of the merger transaction within the next week. In addition, upon the closing of the merger, the company intends to file the appropriate name change documentation with the State of Nevada, which will change the company's name from "Monster Offers" to "Monster Mobile Marketing, Inc."
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 media and advertising delivery systems for Smartphone and Tablet app developers. Ad Shark's corporate 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 will reach $47 Billion Dollars in worldwide annual revenues by 2013.
Ad Shark's 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, puts the company in an ideal position to compete for engagements involving advertising campaigns for mobile marketing services and products.
At present, Ad Shark has more than 2,000 clients, including its relationship with Trick or Tracker® "killer app" developer Iconosys, Inc.
For more information 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 U. S. 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 U. S. 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