EIGH NEWS!
8000inc (EIGH.pk) Acquires New Media Group, Advertising Agency and Fashion Design House
8000inc (EIGH.pk) Acquires New Media Group, Advertising Agency and Fashion Design House
PR Newswire
MANASSAS, VA, March 29
8000inc has acquired the Time Velocity Group which includes a technology company, advertising agency and design and fashion house in a cash transaction
MANASSAS, VA, March 29 /PRNewswire-FirstCall/ - As 8000inc expands and brings businesses with great potential into the group, the next target was to provide a start to finish business solution to manage all facets of the business. That target was the Acquisition of TVGS UK Limited (www.timevelocitygroup.com). TVGS is a multifaceted company that can deliver the solutions 8000inc requires for Brand8000 and the technology demand from the group's subsidiaries. TVGS has worked alongside 8000inc since the very beginning, heading up their brand, design and development of 8000inc's previous acquisitions. The company boasts a full technology team which develops back end solutions for some of the UK's blue chip companies, an advertising division, which manages and whole host of clients advertising budgets for print and online solutions and a design team which developed the 8000inc Brand 8000 and the AAAB clothing collection. TVGS also hosts and manages the UK's Corporate hub website www.corporatehub.co.uk for company formations and ancillary products tapping into the 300,000 companies which require services, such as the registration of a UK company and formation, design packages to suit business start ups, Marketing, PR, accountancy, Virtual office solutions, speed business networking, banking and I.T solutions.
Thomas Kelly, CEO 8000inc, said, "The Acquisition of the Time Velocity Group (TVGS) has been of strategic importance, putting us ahead in the market by bringing a full suite of corporate services to our proposition, and enabling the group to manage its own requirements in-house. As 8000inc continues to grow on a daily basis, TVGS has been aiding us to manage this process and expansion. Thus we felt it was of great importance to bring our supplier in-house. We can now react quicker if we have a product to launch or advertising campaign which needs to be addressed. Our overheads are reduced by having this company as part of the group. But what excites me the most is TVGS's product - Corporate hub and its grip on the 300,000 companies that are formed in the UK alone every year, TVGS works with them from the ground up developing their presence in the marketplace, and becoming their partner as their company grows offering them a full range of company products. This creates its own market and will identify future acquisition targets for the Group. Not only have we just cut our overheads and now have a large constant revenue stream coming into the group, but we also have the process that now identifies the future subsidiaries. Simply, TVGS will feed the 8000inc machine 24/7."
This news release contains forward-looking statements that are subject to certain risks and uncertainties that may cause actual results to differ materially from those projected on the basis of such forward-looking statements. The words "estimate," "project," "intends," "expects," "believes," and similar expressions are intended to identify forward-looking statements. Such forward-looking statements are made based on management's beliefs, as well as assumptions made by, and information currently available to, management pursuant to the "safe-harbour" provisions of the Private Securities Litigation Reform Act of 1995. For a more complete description of these and other risk factors that may affect the future performance of 8000 Inc. see "Risk Factors" in the Company's Annual Report on Form 10-KSB and its other filings with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made and the Company undertakes no obligation to disclose any revision to these forward-looking statements to reflect events or circumstances after the date made or to reflect the occurrence of unanticipated events.
SOURCE 8000inc
