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
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
. 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
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.