IZON ANNOUNCES ENTRY INTO SOMO AUDIENCE ACQUISITION AGREEMENT
SCOTTSDALE, AZ – July 24, 2019 – IZON Network, Inc. (OTC: IZNN), also known as IZON Digital Media Network (the “Company”), announced today that they have signed a Definitive Agreement to acquire 100% of New Jersey based SoMo Audience Corp., subject to certain customary closing conditions. The closing is anticipated to occur on or before November 1st, 2019 (“Closing”). Upon the Closing, significant additional revenue channels, proprietary technology and a world-class software & engineering team will be added to IZON. This may result in a proposed combined topline 2019 revenue of up to $17,000,000 USD if the Company’s operations are successful.
Upon the Closing, SoMo will be adding its existing technologies for mobile marketing and OTT (over the top) / CTV (connected TV) across the entire IZON Network. In addition, the soon-to-be released IZON VRE technology, a solution that has been co-created by both teams that delivers marketers the unique ability to target golfers on over 15,000 courses in the United States at the exact moment they are playing a round of golf per individual golfers Smartphone device. This combination of the IZON tablets and the VRE technology delivers the ideal marketing program for advertising buyers and agencies to now reach the highly sought-after premium demographic of a golfer in a hyper targeted manner. SoMo delivers that large buying audience from their proven track record as a very successful Mobile Ad Trading Platform.
Tim Ummel, CEO of IZON, said “There are times in business where two companies coming together as one, is exponentially accretive to the growth for both. This is one of those times and we could not be more excited to have Co-Founders Rob Manoff, Todd Houck and their team join IZON. This collective team now positions IZON to be the true leader in the premium digital out-of-home space (DOOH).”
IZON is a proprietary media & entertainment platform for premium & niche marketplaces which reach highly targeted captive digital out-of-home audiences. IZON focuses its efforts on verticals where a premium user base already exists and can be engaged utilizing its digital media network.
“For close to a decade, SoMo Audience has been laser focused on developing proprietary technology in programmatic advertising for display, video and native formats. Our main goal has always been to help improve the process between buyers and sellers and drive results,” said Rob Manoff, Co-Founder of SoMo Audience. “Our deal with IZON will now allow SoMo’s technology, and more importantly our team, to use all we have built and learned to take advantage of the exploding DOOH market as well as growing our Connected TV (CTV) footprint. We have diligently been looking for the opportunity to manage our O&O (owned and operated) supply and the IZON Golf screens are as unique as it gets because they reach an extremely high-end premium consumer. We are very excited for the future together.”
