Ace's Mobiquity Networks Acquires Patented Proximity Marketing Technology
NEW YORK, March 7, 2013
NEW YORK, March7, 2013 /PRNewswire/ --Ace Marketing & Promotions, Inc.
(OTCQB: AMKT)an Integrated Marketing Company, is pleased to announce the
acquisition of the assets of FuturLink, SA, a pioneer in the field of
location-basedmobilemarketing.Terms of the transaction were not
disclosed.FuturLink has developed innovative platforms utilizing Bluetooth,
Wi-Fi, QRand NFC to create, manage and deploy mobile marketing campaigns.
Through itswholly-ownedsubsidiary, Mobiquity Networks, Ace operates the
largest mall-based proximity marketing network in the US, covering 75 malls
and a potential audience of 95 million monthly consumers. Prior to the
acquisition, Mobiquity licensed the US rights to FuturLink's technology. As
the technology owner, Ace/Mobiquity willrealize immediate cost savings, and
will leverage the hardware and softwareincluded in the acquisition to expand
its mall-based network footprint in the US.
According to Sean Trepeta, President of Mobiquity, "The acquisition of
FuturLink's technology andcorrespondingpatents is a natural next step in our
vertical integration strategy, and gives us tremendous flexibility and
autonomy as welook toexpand our network here in the USand abroad."
Prior to the acquisition, FuturLink had investedapproximately$5 million in
developing thehardware, software, IP and product line that includes a number
of technologies to create and manage mobile marketing campaigns.In addition
to the technology, Ace/Mobiquity has acquired FuturLink'sformersubscriber
base. Ace/Mobiquity intends to service this market,andshouldgenerate
revenuespanning five continents.
Continuingtheir established partnership, Ace/Mobiquity and Blue Bite
willjointlymaintaintheglobalproximity marketing network, and willwork
toenhance theplatform capabilities through the integration of additional
mobile solutions,including Blue Bite'smTAG® Platform.
"When we began developing proximity marketing services in the US, we completed
an exhaustive global search for the best in class technologyplatform," said
Dean Julia, Co-CEO of Ace Marketing."We chose FuturLink'ssolutionbased on
performance andinnovation. This technology is the cornerstone of our
national location-based mobile marketing network, and weareexcited to bring
Ace Marketing & Promotions, Inc.is a business and technology development
company focusing on advanced integrated marketing platforms, mobile marketing,
social networks, website development and digital media. The Company's 3
business divisions are: Ace Marketing (Integrated Marketing Technologies),
Venn Media (Integrated Website Development and Social Media Platform) and
Mobiquity Networks (Location Based Mobile Marketing Network). For more
information you can visit:
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF
Certain statements in this press release constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the company to be materially different from any
future results, performances or achievements express or implied by such
forward-looking statements. The forward-looking statements are subject to
risks and uncertainties including, without limitation, changes in levels of
competition, possible loss of customers, and the company's ability to attract
and retain key personnel.
Ace Marketing & Promotions,Inc.
Legend Securities, Inc.
SOURCE Ace Marketing & Promotions, Inc.
Press spacebar to pause and continue. Press esc to stop.