SOURCE: GlobalWide Media, Inc.

August 30, 2012 17:19 ET

GlobalWide Media, Inc. Completes $40 Million All Cash Acquisition of Neverblue Media Company

Neverblue Media Expected to Contribute $80 Million in Revenue

WESTLAKE VILLAGE, CA--(Marketwire - Aug 30, 2012) - GlobalWide Media Inc. announced today that it has closed its acquisition of Neverblue Media Company ("Neverblue") and AKMG.

Neverblue, based in Victoria, British Columbia with offices in Los Angeles, Europe and Asia, is a performance-based online marketing company with capabilities across all major media channels, including mobile, search, email, social media and display. AKMG is a leading performance based affiliate network comprised of premium publishers worldwide. While Neverblue will continue to operate under the Neverblue Media name, AKMG and its entire team will operate as GlobalWide Media going forward.

With this acquisition complete, GlobalWide Media now operates one of the largest privately held performance based digital marketing companies in the industry.

"We are delighted to formally welcome the Neverblue team, as their footprint into international markets together with their expertise and scale in mobile advertising complements our strengths in becoming the premier 'One-stop' solution for advertisers and publishers," said Farshad Fardad, Chief Executive Officer of GlobalWide Media. "Our ultimate goal is to deliver highly targeted profitable customers to our advertisers while broadening the availability of additional branded campaigns to our publishing partners."

"We are thrilled to be joining the GlobalWide Media family. Our combined expertise and broad portfolio of digital marketing services will catapult us to the industry leader in the digital marketing space," said Eric Gerritsen, Vice President of Sales and Business Development.

"There is a strong cultural fit between the two companies and we are confident that the combined companies will be able to provide a level of service to our customers and publishers that are unparalleled in the industry," Fardad went on to add.

ABOUT NEVERBLUE
 Headquartered in Victoria, British Columbia with offices in Los Angeles, Europe and Asia, Neverblue is a premier global customer acquisition and lead generation company that delivers millions of profitable customers to clients across the world, including members of the Fortune 1000™. For more information, visit www.neverblue.com.

ABOUT GLOBALWIDE MEDIA
GlobalWide Media Inc. is leading performance-based online affiliate marketing and internet technology company that connects advertisers with targeted consumer audiences via multiple online marketing channels, including affiliate marketing, display advertising, search engine marketing, social media, mobile, and email marketing. GlobalWide Media also provides an agency service that includes campaign management planning, testing and optimization that provides ROI-based advertisers consistent results for acquiring new customers and sales worldwide. GlobalWide Media is headquartered in Westlake Village, California, USA. For more information, visit www.globalwidemedia.com.

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