This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Monster Offers Acquires 10% Equity Stake In App Development Firm Iconosys And 3 Popular Deal/Shopping Brands And Related Technologies, And Websites In Cash And Stock Deal









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.

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
SYM TRADE IT LAST %CHG

Markets

DOW 17,841.98 -86.22 -0.48%
S&P 500 2,080.15 -9.31 -0.45%
NASDAQ 4,919.6440 -19.6830 -0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs