SOURCE: Experience Art and Design
PORTLAND, OR--(Marketwired - April 16, 2014) - Experience Art and Design, Inc. (OTCQB: EXAD), today announced it has entered into an agreement to acquire all of the outstanding stock of privately-held Net Applications Holdings formerly Blabwire Media LLC, an Irvine, CA-based digital media company whose content-rich platform serves to integrate publishers and advertisers and optimize the marketing of trusted brands to their targeted audiences.
Blabwire Media LLC, which powers over 35 websites and generates billions of ad impressions per year, has grown to $7 million in annual revenue. With the completion of its own recent acquisition of Net Applications and its online analytics and marketing platform, Blabwire Media LLC will absorb an additional 9,000 clients and service key accounts that include Microsoft, Apple and Dell.
Blabwire Media, LLC will operate as a wholly-owned subsidiary of the public entity and will continue to be managed by its current executive team with more than 50 years experience in startups, tech and software development. The team is led by CEO Matt Hopkins, who was involved in the sales of Mapquest to AOL, Vicinity Corp to Microsoft and, most recently, Net Applications to Blabwire Media.
Roy Rose the CEO of EXAD said, "Net Application is an exceptional company well positioned in its space, with strong sales and profits, as well as a management team that has had many successes in the software business prior to the merger."
Matt Hopkins, CEO of Blabwire Media LLC, stated, "This merger allows us to unlock the full potential of the Net Applications acquisition and focus on our next generation analytics, antifraud, and advertising products we're set to release later this year."
About Experience Art and Design
Experience Art and Design (http://experiencead.com/) operates in the fine art and technology industry through its wholly-owned subsidiary, Chiurazzi Internazionale S.r.l., an Italian corporation which owns the Chiurazzi Foundry in Casoria, Italy. Chiurazzi creates reproductions from its Chiurazzi Mould Collection comprised of more than 1,650 artistic bronze sculpture moulds taken from original marble masterpieces housed in museums throughout the world.
About Blabwire Media and Net Application
Blabwire Media (http://blabwire.com/)... Blabwire Media LLC was formed in February 2013 in Irvine, CA. Blabwire provides analytics, programmatic monetization, and optimization for mobile, display, and video advertising clients.
Net Application (http://netapplications.com/)... Net Applications is a leading provider of analytics and a primary source of technology market share data. Net Applications clients include Microsoft, Apple, and Adobe.
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