Xhibit Interactive Acquires MovieSocial.com Internet Domain Xhibit management plans to use the domain to launch an exciting movie and entertainment service connected by popular social media platforms
TEMPE, Ariz., Nov. 12, 2012 /PRNewswire/ -- Xhibit Interactive, LLC ("Xhibit" or "the Company"), a wholly owned subsidiary of NB Manufacturing, Inc. (OTCQB: NBMF), has acquired the Internet domain MovieSocial.com as part of the Company's Intellectual Property (IP) and social media portfolio.
Xhibit Interactive plans to launch a new social media property at MovieSocial.com that focuses on social interaction and engagement related to motion pictures and the movie going public. Its primary focus is captivating and growing an engaged membership base and supplying content of interest to its audience.
The domain forms the core brand for MovieSocial, which Xhibit plans to make available as a mobile app on leading mobile platforms and devices.
Xhibit Chief Digital Architect, Mirco Pasqualini explains, "MovieSocial, which is currently under development, is an interactive website and mobile app that allows users to explore the latest movie trailers, buy tickets, invite friends or find a movie partner. The public will also be able to discuss, blog, and vote on movies and earn exclusive rewards for their interaction, once the property is fully deployed."
According to management, the MovieSocial platform is also designed to help production companies and studios deliver movie trailer views to interested people throughout the site and mobile app, as well as through email and mobile traffic, across Xhibit Interactive's advertising channels, on a performance basis.
Company President and CEO Chris Richarde states, "We think that the motion picture and movie industry is a prime area for social interaction. It's a perfect spot for us to position Xhibit Interactive with an innovative social property that's designed to monetize advertising through a broad potential audience. Movies are a huge public attractor on a global scale and a great place to engage audiences."
The leading motion picture and movie industry Internet sites include Fandango.com, MovieTickets.com and Moviefone.com. These three industry-leading websites account for approximately 16 million visitors monthly in North America based on current Alexa rankings. According to the movie industry data, there were over 1.1 billion million movie tickets sold in the domestic U.S ticketing market for 2012 to date with a total gross box office of $8.7 billion at an average ticket price of $7.83.(1)
About Xhibit Interactive, LLC
Xhibit is a cloud based marketing and technology development company focused on digital advertising, online and mobile social media, CRM (customer relationship management) solutions and games. Xhibit offers a total solution for digital advertising that is integrated throughout its divisions and shares technology and resources across all of its services. Through its subsidiaries, Xhibit utilizes its branded products and services to provide digital marketing and advertising solutions for top tier advertisers and agency clients.
Xhibit Interactive's product offerings include digital creative advertising services, FlyReply.com, LeadRevolution.com, AdBind.com, and TwitYap.com.
For more information see www.xhibitcorp.com.
Cautionary Statement Regarding Forward-Looking Information
This press release may contain certain "forward-looking statements" relating to the business of NB Manufacturing, Inc. and Xhibit Interactive LLC. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding the advantages of Xhibit's products and services, market acceptance and success of the MovieSocial website and mobile app, the business strategy, plans and objectives of NB Manufacturing, Inc. and Xhibit Interactive LLC; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes," "expects", "plans", "intended" or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company's actual results and ultimate corporate actions could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the market acceptance of the MovieSocial website and mobile app, the demand for this form of social media and viability of it for advertising products and services developed by other companies that are competitive with this form of advertising, market share garnered by competitors, ability to obtain and maintain customer and vendor relationships, and those factors discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov), among other factors. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.
(1) Source: the-numbers.com – market summary 2012 circa Nov. 2, 2012
SOURCE Xhibit Interactive, LLC