SOURCE: Energy King, Inc.

August 10, 2011 08:00 ET

Energy King, Inc. Announces Acquisition of Minority Interest in Mobile Tagging

MISSION VIEJO, CA--(Marketwire - Aug 10, 2011) - Energy King, Inc. (PINKSHEETS: ENKG) announces the execution of an agreement to acquire minority interest in The Bar Pages, Inc. ("Bar Pages"), Mission Viejo, Ca., a company that is engaged in the mobile tagging industry.

The Bar Pages are a direct mobile marketing and technology company that transcends innovative and creative technology into an unprecedented dimension. The Bar Pages transforms traditional media into life directly in the palm of your hands. The Bar Pages currently have a patent-pending on being the first 2D Barcode Directory on the internet, utility patents and trademarks on their 3D Barcode Tags. Their patent-pendings also covers a system or a network for everyone to utilize this technology to facilitate their normal daily transactions in a way that is much easier and seamless than what you see today. Whether it's using their loyalty cards or simply buying and purchasing products we have streamlined a way through the use of this technology to simplify and enhance the total buying experience where everyone and every business can now utilize a system that can be mainstreamed to the public.

Energy King, Inc. CEO Michael Cummings stated, "Our business strategy is aggressive, but our goal is to continue to grow rapidly through high quality strategic acquisitions, such as The Bar Pages, and help grow our subsidiaries organically, resulting in significant scale within three years. I believe we have now taken the first but most important step towards that objective. With this acquisition, we've achieved a significant milestone and I look forward to our on-going success. We have acquired a considerable asset, which I believe will yield a significant return to our shareholders."

The Bar Pages President Jay Ungos commented, "I consider this a terrific opportunity to team up with Michael and become an integral part of the Energy King, Inc. organization. I believe The Bar Pages core competencies blend seamlessly with Energy King, Inc. With our industry experiencing growth, it is certainly within our collective capabilities to achieve the critical mass and scale consistent with Michael's strategy. I am looking forward to the exciting future ahead of us."

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About Energy King, Inc.

Energy King, Inc. plans on growing its new business by acquiring majority or minority interests in companies with executive management teams, mobile media products and services and having a business model that generates revenues with profitable bottom-line. Our philosophy is that through a strong management team a strong company can be built, whether the acquired businesses are start-ups, in the development stage, fully-operating entities with positive cash flow or distressed companies in need of our management's expertise to achieve turn around.

Energy King, Inc. is able to offer financial assistance, critical strategic support and management support from an experienced team, to provide its acquired businesses management with a wide array of services to flourish as a subsidiary of Energy King. Our shareholders will be updated on a quarterly and annual basis via newsletters, teleconferencing and press releases whenever material events occur.

About The Bar Pages, Inc.

The Bar Pages was incorporated in 2010 as a California corporation, as a direct mobile marketing and technology company that transcends innovative and creative technology into an unprecedented dimension. The Bar Pages transforms traditional media into life directly in the palm of your hands. Our various products and services include an online Barcode Directory, mobile bar code technology, media production, display ads, and much more. Working with our marketing staff and utilizing our products is ideal for businesses searching to discover new and innovative marketing solutions for their marketplace.

Companies utilizing our mobile tagging technology range from the fast food chains to chartities such as: Taco Bell, Del Taco, WNBA Los Angeles Sparks, Power 106 FM and Make-A-Wish Foundation.

FORWARD-LOOKING STATEMENT: This press release contains forward-looking statements, including expected industry patterns and other financial and business results that involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this press release. Such risk factors include, among others: the sustainability of recent growth rates in the Mobile Media Marketing industry; the positioning of Energy King in the market; ability to integrate acquired companies and technology; ability to retain key employees; ability to successfully combine product offerings and customer acceptance of combined products; general market conditions, fluctuations in currency exchange rates, changes to operating systems and product strategy by vendors of operating systems; and whether Energy King can successfully gain market acceptance. Actual results may differ materially from those contained in the forward-looking statements in this press release.

Contact Information

  • Investor Contact Information:
    Michael Cummings
    Chairman, CEO and President
    Telephone: 888-503-1759
    Email: Email Contact