Upper Street Marketing Inc. Announces First Acquisition of MagMo, Inc.
March 28 2014 - 9:30AM
Marketwired
Upper Street Marketing Inc. Announces First Acquisition of MagMo,
Inc.
LOS ANGELES, CA--(Marketwired - Mar 28, 2014) - Upper Street
Marketing Inc. (OTC Pink: UPPR) (PINKSHEETS: UPPR), a business that
acquires unique and distinctive businesses with proven strengths
and potential for growth, announced today the company will acquire
the photo sharing engagement platform, MagMo.
MagMo, derived from "Magazine Moment" is a technology start-up
built with the goal of strengthening the conversation between
well-known brands and their audience online. It's a tool
brands use to create short story's using a combination of pictures
and text that is published through their social media channels to
their audience.
MagMo was founded by technology industry veteran, Stephen Meade,
whose track record includes creating, incubating and launching 9
successful technology-based companies in the past 20 years.
Currently, Mr. Meade serves as Chairman at BigBamboo LLC, a holding
company that incubates start-up companies from innovative idea to
market-ready. Mr. Meade creates and builds successful businesses by
knowing how to gather a team with the precise skills, knowledge and
expertise to move his ideas to market. After building human
capital, he then raises the financial capital necessary to help
bring the idea to market.
"The desire for brands to have a better experience and
'engagement platform' is high," says MagMo's Founder and CEO,
Stephen Meade. "Our platform creates a story book, or mini
magazine. MagMo allows you tell a story in a few short
steps. It's as simple as click, create, and share. For Major
Brands, Celebrities, and companies with a large social audience,
MagMo allows the brands to share customized stories ranging from
product announcements, specials, to trends. MagMo can also be
used as a contest platform for brands to drive better interaction
with their customers and audience. MagMo's proprietary technology
allows for the creation of a dynamic, interactive, targeted message
specifically tailored around a brand's unique, online
community."
"The MagMo platform is an impressive piece of sophisticated yet
user-friendly software that I am excited to be working with," said
Gordon McDougall, Upper Street Marketing CEO and Director. "It
augments the relationships that already exist on Facebook and
Twitter and other Social Media by expanding the storytelling
ability."
Forward Looking Statements
This news release contains forward-looking statements within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995 and Canadian securities laws, including statements relating to
expectations for the acquisition of MagMo and its performance
thereafter; The terms and phrases "expects", "would", "will",
"believes", and similar terms and phrases are intended to identify
these forward-looking statements. Forward-looking statements are
based on estimates and assumptions made by Upper Street Marketing
Inc. in light of its experience and its perception of current
conditions and expected future developments, as well as other
factors that Upper Street Marketing Inc. believes are appropriate
in the circumstances. Many factors could cause Upper Street
Marketing Inc.'s actual results, performance or achievements to
differ materially from those expressed or implied by the
forward-looking statements. These risk factors and others relating
to Upper Street Marketing Inc. that may cause actual results
to differ are set forth in Upper Street Marketing Inc.'s periodic
filings with the U.S. Securities and Exchange Commission (copies of
which filings may be obtained at www.sec.gov). These factors should
be considered carefully, and readers should not place undue
reliance on Upper Street Marketing Inc.'s forward-looking
statements. Upper Street Marketing Inc. has no intention and
undertakes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as required by law.
For more information about Upper Street Marketing Inc., please
contact Gordon McDougall Phone: 800-590-8479
Email: gord.mcdougall@teziadvisory.com For Information on MagMo,
please contact Stephen Meade Phone: 800-590-8479 Email:
Stephen.Meade@BigBamboollc.com
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