Indie Ranch Media in Negotiations to Be Acquired; Board of Directors to Seek Best Value for Its Shareholders
June 01 2009 - 4:05PM
Marketwired
Indie Ranch Media, Inc. (the "Company") (PINKSHEETS: INDR) notifies
its shareholders that previously announced discussions with a
venture company have advanced into substantive negotiations.
International technology licensing opportunities, funding
requirements and due diligence are some of the key items discussed
to date.
The Board of Directors believe the Netmix technology and
opportunity is of such quality that they are committed to seeking
the best valuation possible for the Company and its shareholders as
the Company feels its current share price does not reflect the
opportunity Netmix presents.
The venture Company has requested their name remain confidential
while in negotiations with the Company.
The Company looks forward to providing more details as
negotiations progress.
INDIE RANCH MEDIA, INC.
Indie Ranch Media is an incubator dedicated to developing,
supporting and launching Internet-based media ventures and
technologies. The Company's focus is on combining strategy, ideas,
and execution with the culture of entrepreneurial spirit to develop
new media products faster, cheaper, and better. The Company is
supporting the development of NetMix Broadcasting Network Inc.
(www.netmix.fm) and Omni Entertainment Group Inc.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
A number of statements contained in this press release are
forward-looking statements. These forward-looking statements
involve a number of risks and uncertainties, including the
sufficiency of existing capital resources, technological changes
and uncertainties related to the development of Indie Ranch Media,
Inc.'s business model. The actual results Indie Ranch Media, Inc.
may achieve could differ materially from any forward-looking
statements due to such risks and uncertainties.
For further information please contact: Shareholder
Communications Sharon DiMagio Telephone: 888-280-8978
www.indranch.com
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