ENCINITAS, CA--(Marketwire - Feb 7, 2013) - FreeButton, Inc. (OTCQB: FBTN) developer of www.FreeButton.com, an advertising company that specializes in e-commerce & advertising promotion, today announced that it has signed a letter of intent to purchase 100% of Sponsor Me, Inc. (SME), an action sports network that engages in digital lifestyle, providing live broadcasting, live events, and authentic programming in adventure and action sports. The transaction is subject to due diligence and both shareholder and board approval of both companies.
"I am extremely excited to be working with the FreeButton staff to drive SME to the next level," stated Brenden Garrison, CEO of Sponsor Me, Inc. "The timing of adding this team's vast group of contacts and expertise will make the transition seamless. Working closely with the FreeButton team towards this acquisition has shown me the power of expanding our marketplace and is where I see the most potential future growth for our corporation. The experience that is being brought on-board by the FreeButton team as well as their clients will exponentially expand SME's growth."
"We see some amazing opportunities with SME to grow its business in line with FreeButton, Inc. in numerous media venues including VOD, content aggregation, and original content. The companies prove to have great synergies," stated James Lynch, CEO of FreeButton, Inc.
About Sponsor Me, Inc
Headquarted in Irvine, CA SME is an action sports network that engages in digital lifestyle, providing live broadcasting, live events, and authentic programming in adventure and action sports. SME's online community drives original and user content across all platforms in addition to selling its branded and licensed merchandise. For more information visit www.smelive.com.
About FreeButton, Inc.
Located in Encinitas, CA, FreeButton, Inc. is the operator and developer of www.FreeButton.com, an advertising company that specializes in e-commerce & advertising promotion through the use of a revolutionary new "Instant-Win" program where Users can attempt to win a product without signing up or entering any private info.
This release contains forward-looking statements, including, without limitation, statements concerning our business and possible or assumed future results of operations. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons including: our ability to continue as a going concern, adverse economic changes affecting markets we serve; competition in our markets and industry segments; our timing and the profitability of entering new markets; greater than expected costs, customer acceptance of our products or difficulties related to our integration of the businesses we may acquire; and other risks and uncertainties as may be detailed from time to time in our public announcements and SEC filings. Although we believe the expectations reflected in the forward-looking statements are reasonable, they relate only to events as of the date on which the statements are made, and our future results, levels of activity, performance or achievements may not meet these expectations. We do not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in our expectations, except as required by law. There is no assurance that a definitive agreement will be completed.