CORAL SPRINGS, Fla., Jan. 29, 2014 /PRNewswire/ -- Cyber Kiosk Solutions, Inc. (PINKSHEETS: CYBK) has closed contracts with 2 more Digital Advertising Networks to feed into the Company's existing network.
The Company has closed its contract with Rich Media Technologies (RMT) http://www.richmediatechnologies.com RMT currently owns over 1,200 digital advertising screens located in multiple airports around the US, such as Atlanta and Denver. RMT is contracted for an aggressive rollout to over 25 additional airports over 2014-2016 of which CYBK will have full rights to sell ad space. CYBK expects to book digital ads for this network beginning in the second quarter of this year. The RMT contract is projected to produce 6.6 Million dollars for CYBK in 2014-15. For a list of airports, schedule of the rollout and to see pictures of the screens in the airports, go to https://www.facebook.com/CyberThingy
CYBK is pleased to announce it has executed a contract with D-Smart www.DSmartinc.com. D-Smart is a Point of Sale (POS) and inventory software company which owns 200 digital ad screens in the most sought after area in the US, Manhattan, New York. To get a list of where these premium locations are located, visit our Facebook Page at: https://www.facebook.com/CyberThingy
The combined projected value to CYBK for its Digital Advertising Network vertical in 2014-2015 is expected to be 9.8 million dollars and will cover 1,200 digital ad screens.
The Digital Advertising industry in 2013 accounted for 21.8% of all ad spend, $109.7 billion dollars, up 19% from 2012.
CYBK will use its digital advertising networks to launch its product sales vertical in the second quarter of this year. CYBK has already received the rights to distribute various new and exciting products, which will be previewed on CYBK social media and soon to launch mobile app. Some of these products can already be found on the Company's Facebook Page. The value of the products sales vertical in 2014 is expected to eclipse 3 Million dollars. The Company will continue to expand on its digital advertising network and products distribution verticals in 2014 and is expected to announce more closed contracts in the coming weeks.
The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
SOURCE Cyber Kiosk Solutions, Inc.