Linked Media Group, Inc. Launches Aggressive Merger and Acquisition Campaign Targeting Multi Billion Dollar Social Networking and Web Based Business Sites
SACRAMENTO, CA, Jul 07, 2009 (MARKETWIRE via COMTEX) -- Linked Media Group, Inc. (PINKSHEETS: LKMG) is pleased to announce that the Company has launched an aggressive merger and acquisition campaign to acquire revenue generating Social Networking and/or standalone Web Based Business sites. Social Networking sites have become a dominant way for people to discover and share new information. The Social Media market is growing rapidly with such sites as Twitter, Facebook, LinkedIn, YouTube, Flickr, Digg, and Reddit growing 50-125% or more and is now generating hundreds of Millions in revenue, with Billions projected the next 1-3 years.
Linked Media Group's business philosophy is to utilize its expertise to expand and solidify the revenue models of Social Media sites or Online Businesses it acquires. The Company is in the process of analyzing a number of acquisitions and intends to enter into an LOI stage with one or more in the immediate future. Linked Media Group is well positioned to leverage the tremendous growth occurring in the Social Media and Online Advertising markets by utilizing its expertise in Lead Generation, Social Media Marketing, Cost Per Click, Domain Industry, Content Development, Search Engine Optimization, Blog Design and Development, Word Press and Monetizing Web Sites.
"We are looking to strengthen our market position through key acquisitions in the Social Media market to generate revenue faster and leverage our public structure using a combination of stock and cash for acquisitions," stated Lee Traupel, CEO of Linked Media Group, Inc. "We believe there are a large number of companies that we can acquire in vertical market segments, enabling us to build a group of disparate brands under a common Linked Media Group brand, similar to much larger media companies like IAC, Time Warner, Google, News Corp, Yahoo!, Microsoft and others."