SOURCE: Energy King, Inc.

August 01, 2011 08:00 ET

Energy King, Inc. Announces Acquisition; Plans to Enter Into the Rapidly-Growing Mobile Media Marketing Industry

MISSION VIEJO, CA--(Marketwire - Aug 1, 2011) - Energy King, Inc. ("The Company") (PINKSHEETS: ENKG) announces the execution of an agreement to acquire Venue Media, LLC ("Venue Media"), Mission Viejo, Ca., a company that is engaged in the mobile media marketing industry.

Michael Cummings, the Company's Chairman, CEO and President, stated that "Venue Media is in the forefront of the mobile media market industry, providing turnkey mobile media platforms to small and medium-sized business customers and individuals. Venue Media's platforms fulfill customer needs to remain current and, indeed, in front of the rapidly-evolving communication technology industry."

Venue Media has developed its expanding mobile media marketing business by acquiring companies that are engaged in complimentary mobile communications industry, in order to provide the most complete, advanced solutions available, supported by the expert advice of its management and technical team. Venue Media's primary means of growing its customer base is through the highest quality customer service, together with a strategy of the newest marketing technology in order to increase its customers' ROI and profitability.

Mr. Cummings further stated that "Venue Media was established to reach the rapidly evolving mobile, on-demand, consumer culture as a means of changing the way brands reach the ever-growing business and individual consumer base. Our mission is to deliver targeted, valuable and easy-to-use direct promotion offers to millions of consumers via mobile devices."

Industry sources have predicted that worldwide shipments of mobile devices are expected to grow to 270 million units in 2012 (compared with 173.5 million units in 2009), and mobile advertising spending is expected to increase to US$12.8 billion in 2011 (compared with US$1.7 billion in 2007), representing an increase of 758%. Despite this explosion, the Company believes that we are still in the early days of mobile marketing. It is estimated that today's mobile marketing is analogous to website marketing in 1999.

Michael Cummings stated, "Across the globe, the mobile channel is growing at an increasing rate. People throughout the world are buying more and more advanced mobile devices at the same time and mobile technology companies are launching Smartphone together with new apps, literally, by the thousands. In addition, businesses and consumers alike are using mobile phones for everyday activities like checking the weather, taking advantage of discounts, shopping, or sending and receiving financial information. We are very excited to be part of an industry that is poised to be the next dot.com era."

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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 turnaround.

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 Venue Media, LLC

Venue Media, LLC, through its operating subsidiaries, is at the forefront of the mobile media marketing revolution, providing turnkey mobile messaging networking platforms to small to medium-sized businesses enabling them to remain current and even ahead of the rapidly changing technologies of the mobile communications marketing industry. Venue Media, LLC was created to acquire complimentary businesses that provide the most complete communications marketing solutions available, while providing expert advice and customer service and marketing technology to enhance customers' ROI and Profitability.

Venue Media, LLC's strategy is to invest in its existing subsidiaries and newly-acquired businesses, providing their management teams, employees and technology experts so as to give all of our clients no-hassle services and a greater return on investment.

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