SOURCE: The Amergence Group

The Amergence Group

March 04, 2010 09:00 ET

Amergence Picks Up Its First Two Business Units From PanPacific Business Ltd.

"The Amergence Group's Business Vision With Hong Kong-Based PanPacific Will Center New-Age Business Opportunities Between the East and West," Says Peter Jacobs, Amergence's Prez

PHOENIX, AZ and HONG KONG--(Marketwire - March 4, 2010) - The Amergence Group (PINKSHEETS: AMNG) has signed a binding Letter of Intent with PanPacific Business, Ltd. (www.yespanpacific.com) to purchase several of PanPacific's business opportunities currently being rolled out by the Hong Kong-based company.

PanPacific Business's president, John T. Martin, will assume the duties of Chief Executive Officer in each new venture and will manage the businesses from his company's Hong Kong office. Amergence's current president, Peter Jacobs, will remain in his capacity for each new venture. The newly acquired business units target leading-edge media opportunities. The first business, Ante-Up Media, contracts with movie theatres for the display of commercial advertising to theatre-goers prior to the start of each movie feature. The second business unit will represent www.Video1314.com -- a very popular Chinese-based video site similar in concept to YouTube® in the US. This unit will sell various types of online advertising for Video1314.

According to PanPacific's president, John T. Martin, "Peter Jacobs and I have been working on projects together for more than a year as we identify the most logical ways to make our combined companies more productive. Peter and Amergence provide the US presence we are seeking while PanPacific brings the operating expertise and Asian business connections required to implement a successful rollout in Hong Kong and throughout Asia.

According to Peter Jacobs, "We expect to spend the next weeks and months examining and acting upon additional new pathways and partnerships intended to amplify The Amergence Group's presence around the globe."

ABOUT THE AMERGENCE GROUP

The Amergence Group's Tranzbyte division (PINKSHEETS: AMNG) focuses on the development and marketing of its group of optical media enhancement technology worldwide. The Company also provides innovative services and assistance to new and established businesses with a goal toward accelerating their plans to develop and market edgy or disruptive technologies.

ABOUT PANPACIFIC BUSINESS

PanPacific Business Limited provides advertising solutions and media exposure to clients throughout the South East Asian region. The company has enjoyed a close affiliation with major media outlets in Hong Kong, for example Video 1314, and sponsorship coordination for concerts with Wolfman Jack Entertainment (Hong Kong) Limited.

PanPacific sees itself as a boutique media and advertising company which specializes in bringing awareness to international brands within the South East Asian region.

Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the results, performance or expectations expressed or implied by such forward-looking statements.

Contact Information

  • Contact:
    Peter H. Jacobs
    Managing Director
    md@amergencegroup.com
    14220 N. Northsight Blvd., Suite 139 (Parkside)
    Scottsdale, AZ 85260
    (480) 443-1600