CARSON CITY, Nevada, December 13, 2016 /PRNewswire/ --
Turbo Global Partners (Turbo) trading as Dibz International, Inc. (OTC: DIBZ), closes the acquisition of Auto Newswire, Inc., the largest Hispanic Media Group in the Automotive Industry.
Auto Newswire, Inc. a Florida-based corporation, serves the automotive industry worldwide with its Puro Autos Brand (http://www.PurosAutos.com ). Virtually all auto manufacturers use one of 30-domains of Puros Autos as the go-to resource to help keep them advised of trends of the largest ethic consumer purchasing segment of automobiles in the U.S., the Hispanic population.
"I've been in the industry for nearly 3-decades and now with technology, and resources, our acquisition by Turbo is a milestone for our company," states President and CEO Enrique Kogan. He continues, "With Turbo's services including marketing, media, television production, technology, digital services and their WEB Television platform, we have catapulted to the next level with a strategic and tactical plan that will result in a showroom television network inside dealers in the 30-states with the largest Hispanic populations these dealers want to better reach and grow these consumers."
Robert Singerman, President and CEO of Turbo is eager for the launch of the Hispanic Auto News Nation TV Network - http://www.OnNowTV.com/9156 . "This is a rare opportunity to acquire the leading company in a niche space of an industry eager to continue to grow their niche consumers. With a dedicated WEB Television platform, we can control content remotely and deliver relevant content to the Hispanic consumers that visit the dealerships in our targeted markets. Each showroom screen will generate approximately $1,000 per month from both industry advertising placement and license fees of each dealership, a winning business model. If we hit our goals this translates into annual revenue of $3.5-million for 2017 and $7-million for 2018."
Auto Newswire, Inc. will operate as a wholly-owned subsidiary doing business as the Hispanic Auto News Nation TV Network in addition to the Puros Autos brand. Turbo will report the consolidated earnings of the subsidiaries, a model similar to Berkshire Hathaway. The roll-out will commence first-quarter 2017 with the initial goal of 500-dealers in the U.S. for 2017.
About Turbo Global Partners, Inc.- Turbo Global Partners (http://www.TurboGlobalPartners.com) is a publicly traded OTC company under the symbol, DIBZ. Turbo Global Partners completed a Reverse Merger with DIBZ June 2, 2016, and is a diversified holding company. Turbo's businesses span Sports and Gaming, Non Profits, Financial, Media and Licensing Services, International and Health & Beauty and Automotive. Turbo Global Partners is headquartered in Carson City, Nevada and has offices in Tampa, Florida and Los Angeles, California.
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SOURCE Turbo Global Partners, Inc.