WOWIO and Acquis Capital Sign Agreement to Facilitate Growth through Strategic Acquisitions
WEST HOLLYWOOD, CA, September 19, 2014 - Wowio, Inc. (OTCBB:WWIO), a technology development and digital media company with a patented process and a proprietary mobile ad-delivery platform that will disrupt the eBook distribution landscape, today announced that the company has entered into an Agreement with Boston-based Acquis Capital to evaluate potential strategic acquisition targets.
“We think WOWIO’s business plan to distribute eBooks and other digital media provides a strong opportunity for accelerated growth through multiple strategic acquisitions, ” commented Sam Kotch, Founding Partner of Acquis. “We are excited to have entered into this Agreement with WOWIO because we believe their intellectual property can be greatly enhanced by acquiring complementary technologies and media assets.”
WOWIO holds a proprietary patent that allows for the insertion of advertising into eBooks, a mobile eBook distribution platform, and a proprietary mobile ad network, providing the digital publishing distribution channel with a viable alternative to that of other content distribution outlets. Observed Brian Altounian, CEO of WOWIO, “My vision for the future of the digital content production and distribution incorporates a simultaneous multi-platform development cycle that includes digital publishing and other digital media Through our Agreement with Acquis Capital, WOWIO is now in a great position to execute on strategic acquisitions in the areas of technology development and digital media in order to expand our business all while, improving our financial position with working assets and additional revenue streams.”
The companies plan to work together to facilitate strategic acquisitions over the next 12 to 24 months.
About WOWIO, Inc.
WOWIO, Inc., (OTCBB:WWIO) is a technology development company with a patented process and a proprietary mobile ad-delivery platform that will disrupt the eBook distribution landscape by exploiting a previously untapped marketplace: AD-SUPPORTED eBOOKS! Our exclusive ownership of an issued patent that governs this opportunity allows us to expand our reach as a digital media company far beyond producing and distributing content across multiple platforms. WOWIO has built and acquired a number of digital media technologies, platforms and distribution outlets and is focusing its efforts on opportunities to create and monetize ancillary content product lines beyond eBooks and other forms of digital media. To learn more about WOWIO, please visit our corporate website at http://www.studiowdigital.com.
Corporate contact: Shareholder Inquiries:
Jacob Morris Tom Becker
(310) 807-8122 (702) 445-7038
jmorris@wowio.com ir@wowio.com
About Acquis Capital
Acquis Capital, LLC is a private investment company focusing on small public companies with acquisition centered growth strategies. Through its ACE™ program (Acquisition Capital for Equity), Acquis Capital invests in publicly traded companies with market capitalizations under $1bn. Acquis Capital takes pride in being a value added investor. For more information on Acquis Capital, please visit www.AcquisCapital.com.