OCEAN SPRINGS, Miss., Jan. 20 /PRNewswire-FirstCall/ --BounceBackTechnologies.com, Inc. (Pink Sheets: BBTC) ("Bounceback") announced today it has acquired all of the outstanding stock of Name Dynamics, Inc. ("Name Dynamics"), a privately held technology company headquartered in Charlotte, North Carolina.
Name Dynamics, with its main service Universal Business Listings ("UBL"), is an emerging leader in helping businesses of all sizes manage and improve their visibility on search engines, social networks and mobile devices. Name Dynamics specializes in the growing field of Local Search and delivers verified business profiles to hundreds of search sites, including Google Maps, Yahoo Local and Bing, as well as to mobile phones such as BlackBerry, and GPS devices such as TomTom and 411 Directory Assistance. UBL has achieved a "trusted partner" status with infoUSA and Acxiom, two of the largest list aggregators on the internet.
UBL offers its services directly to businesses via its Website UBL.org and to Interactive Agencies, Publishers and Affiliates through bulk wholesale agreements.
According to Jack Pilger, Non-Executive Chairman of the Board of Directors of Bounceback (formerly, Chairman and CEO of Bounceback), "Name Dynamics has in just two short years become a leader in their space and, while they are an early stage company, Bounceback will provide the capital to speed up UBL's growth and lead this sector internationally. They have a product that every business needs at a very affordable price, a nice combination."
"Bounceback is also fortunate to have signed employment agreements with two experienced and well respected veterans in the field of media, telecommunications and technology in Doyal Bryant and Chris Travers." Doyal Bryant will take on the role of CEO of Bounceback and Chris Travers will be the President and Chief Operating Officer. Mr. Bryant and Mr. Travers are the founders of Name Dynamics and created the UBL model.
According to Mr. Bryant, "UBL is known in its industry as one of the top ten things to do in Local Search. This transaction will enable us to spread the word to a larger audience of businesses that need this valuable service. We believe this transaction will accelerate the growth of the company worldwide."
Mr. Bryant has been a Managing Partner at BlueLake Capital Partners, which provides advisory and investment services to early stage companies, and has been CEO of public internet and telecommunications companies.
Mr. Travers has served as an executive at Reuters and Cablevision and was the co-founder of New York-based media and marketing company, Empire Media. Mr. Travers was also CEO of the business search engine, Find.com.
Bounceback, which provided marketing and advertisement business solutions to the e-commerce industry and consumers in the past, will assume its new name, "Name Dynamics, Inc." and will change its stock symbol in the near future.
Bounceback has approximately 1,000 shareholders and filed a Form 15 with the SEC in 2003 which enabled Bounceback to become a non-reporting entity to conserve its capital. Name Dynamics intends to be a reporting company and trade on the appropriate exchange, within a time frame of approximately 6 months.
The stock trades presently on the "pink sheets" under the symbol of BBTC.
This press release may contain forward-looking statements. Forward-looking statements are statements that are not historical facts. Such forward-looking statements, which are based upon the current beliefs and expectations of the management of Bounceback and Name Dynamics, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: changing interpretations of generally accepted accounting principles, continued compliance with government regulations, changing legislation or regulatory environments, requirements or changes affecting the business in which Bounceback is and will be engaged, management of rapid growth, intensity of competition, general economic conditions, as well as other relevant risks detailed in filings with the SEC and the filings to be made by Bounceback with the SEC. The information set forth herein should be read in light of such risks. Neither Bounceback nor Name Dynamics assumes any obligation to update the information contained in this release.
SOURCE BounceBackTechnologies.com, Inc.