Rounder Inc. Subsidiary BGGR Inc. Acquires Controlling Interest of Amerimarq Tek Corp
WASHINGTON--(BUSINESS WIRE)-- Rounder, Inc. (Pink OTC Market: RNDR) subsidiary BGGR, Inc. ("BGGR") has acquired controlling interest (50.1%) of Amerimarq Tek Corp.
Amerimarq Tek Corp is a dynamic marketing development company operating within the e-radio and video services industry emphasizing local market advertising and content. Amerimarq Tek Corp currently provides its services to Sungrains Incorporated d/b/a AmeriStream. Sungrains Inc. AmeriStream (http://sungrainsinc.com/) is an innovative e-markets brand providing multiple music formats, personal music streaming and video in the digital space with attention to serving local communities for advertising and live e-radio. The formats include talk radio (news, sports and social) and up to 9 genres of music.
Perry Manno, President of Sungrains Inc. stated, "that all of our programming is available on the Internet enabling listeners to access our quality content via their computers, cell phones, tablets and other mobile devices." Mr. Manno went on to say, "I am proud of our content management system that allows consumers to select their music choices through Pure Play and also blog and post photos utilizing social media, texting services or mobile apps. In addition to AmeriStream's Suffolk county New York's operations center currently under construction, we have targeted expansion in Northern VA, Austin TX and Orlando FL, with completion expected during the first quarter of 2013."
Norman Birmingham, Rounder Inc. CEO and President of BGGR, Inc. committed, "We welcome the addition of Amerimarq Tek Corp to BGGR Inc. and the Rounder Inc. family. This is an exciting time for Rounder Inc. shareholders as we continue to build value through acquisitions. The e-radio market is rapidly expanding, and Rounder Inc. via BGGR Inc. is positioned to reap the gains of this growing industry. We are developing enormous opportunities across the entertainment spectrum with an eye toward becoming a leader in marketing all major entertainment sectors. By using one platform to support all of our joint venture partners' we are creating a business model that is homogeneous. In this scenario each of our business partners supports the other utilizing advertising, internet and sponsorships of exclusive programming, concerts and other special events."
Mr. Birmingham added, "According to the research firm eMarketer, ad revenue for online radio is expected to soar 67 percent, from $900 million in 2012 to $1.5 billion in 2016. We expect to capture a significant share of this market by expanding in high population markets whose residents use internet and mobile devices as their source for access to high quality entertainment, news and talk and who share their local lives through social media."
Safe Harbor This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly revise any forward-looking statements.
For Rounder, Inc.
Kent Thomas, 631-824-7661
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