Kahzam, Inc. Agrees to Acquire ProMark Data and Media Group, LLC
March 09 2010 - 4:52PM
Business Wire
Kahzam, Inc. (OTCBB: KHZM) announced today that the Company
agreed to acquire 100% of the capital stock of ProMark Data and
Media Group, LLC, a Florida limited liability company, in a
share-for-share transaction. ProMark is a full-service online
marketing firm specializing in permission based opt-in email data,
Mobile SMS, email append, as well as traditional postal data. The
transaction is expected to close on April 1, 2010. Stephen
Molinari, the Chairman of ProMark, will become Chairman of the
Board of the Company.
Kahzam has also announced that it would change its name to
Madison Ave. Media, Inc., to be effective on or before April 1,
2010, to more closely reflect its diversified digital media and
marketing business operations. The Company's Kahzam-branded online
search and portal services will remain as a subsidiary and as the
cornerstone of the Company's Internet Marketing Group.
ABOUT STEPHEN MOLINARI:
Stephen Molinari has more than 22 years of experience in the
financial services industry with well-known investment banking
firms such as Dean Witter and Smith Barney. He has served as
Chairman & CEO of Molinari Capital, LLC, a private
merchant-banking firm that specialized in advising emerging growth
companies on capital raise-ups, mergers and acquisitions, securing
strategic alliances and general financial advisory services.
Molinari has also built and managed various private and public
companies in the media and data development industries including
ProMark Data and Media Group, a leading data marketing company that
has worked with many Fortune 500 companies and government
agencies.
His management credentials also include extensive development
and leadership roles with various media and broadcast creative and
syndication enterprises plus marketing oversight of various
commercial product and service companies.
ABOUT KAHZAM, INC.
Kahzam is an advanced digital media company which delivers
proprietary technologies and solutions designed to fortify asset
management, customer retention, revenue growth and business
intelligence. Kahzam also delivers related high-value services
including strategic corporate financial services which provides
clients with access to capital and related financial support.
Kahzam owns and delivers an integrated matrix of business and
proprietary digital media resources. Separately or in synergy,
these resources generate significant revenue and returns. Kahzam
also owns and deploys advanced digital communications, Web,
business intelligence and other technologies, directly and on
behalf of clients. Kahzam’s multidisciplinary executive and
management team includes business experts with the requisite
vision, diversity, focus and experience to deliver results for
clients and for the Company.
For more information about Madison Ave. Media, Inc., or to
arrange an interview with incoming Chairman Stephen Molinari,
please contact Ned Barnett at 702-696-1200 or
ned@groupmolinari.com.
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