LAGUNA NIGUEL, Calif., March 6, 2013 /PRNewswire/ -- Monster Offers™ (OTCBB: MONT), a leading Daily Deal analytics provider and mobile advertising/content distribution platform company, announced today that it has agreed to acquire 10% equity stake in Iconosys, Inc., a leading mobile app developer, having developed more than 1000 apps, with app design clients list Del Monte Fresh, The Travel America Visitor Guide Apps System[TAVG], and Fan Apps , an authentic source/developer of Smartphone marketing and promotional apps for celebrities, entertainers and star athletes. The deal includes Monster Offers' purchase of a 10% equity stake in Iconosys along with assets relating to 3 popular deal/shopping brands; Black Flyday™, Deal Buzzer™, and My Shopping Circle™, in exchange for cancellation of $500,000.00 in debt owed by Iconosys to Monster Offers.
This announcement comes on the heels of continued good news for Monster Offers. Commented Wayne Irving II, CEO of Monster Offers, "Acquiring this 10% position in Iconosys, as well as its established "Deal Buzzer" brands, is a deal that has been in the works for months, and parties on both sides have finally accepted the equity and asset transfer in exchange for cancellation of the Iconosys obligations. As a result of this transaction, Monster Offer is now poised to move its business plan forward with more exposure to the high growth consumer retail market for mobile communication apps."
Iconosys is a recognized leader in mobile communications app development, having developed more than 1000 Smart Device "retail grade" apps since 2009, and with a field of specialization in safety, security, and privacy-oriented technologies for Android, iPhone, BlackBerry, Windows, Chrome, Windows Phone/Windows Mobile. Iconosys apps can be found on Google Play, iTunes, Barnes & Noble Nook, and Amazon AppStore for Kindle and Smartphones. Its most media celebrated brands have been seen or featured numerous times in the New York Times, Los Angeles Times, Wall Street Journal, NY Post, OC Register, and Smart Money Magazine, just to name a few.In addition to the attractive Deal Buzzer™ brands and trademarks, Monster Offers' acquisition of related, key Smart Device technologies for integration as part of this deal will assist it in providing a more comprehensive consumer experience and enable it to offer services not currently provided by competitors.