LAS VEGAS, NV--(Marketwired - Dec 14, 2016) - KSIX Media Holdings, Inc. ("KSIX" and/or "Company") (OTC PINK: KSIX), a Las Vegas, Nevada-based publicly traded company under the ticker symbol KSIX on the OTC, has signed a definitive agreement effective today with telecommunications company True Wireless, LLC -- an Oklahoma Limited Liability Company, and is in the process of completing full acquisition of the company under the definitive agreement. The acquisition, which includes all assets of True Wireless, LLC, will be completed upon FCC approval.
True Wireless is on track for $13.1 million gross revenue in 2016, with $3.1 million in EBITDA. "We have been working with KSIX for the past two quarters during which they helped increase our revenues by 49%," stated Brian Cox, CEO of True Wireless. "We are very excited about the fast growth potential of the combined companies." KSIX utilized their proprietary online marketing technology to substantially increase revenues, reduce customer acquisition costs, and cultivate new social media marketing avenues.
"We're confident in KSIX's potential and very excited about the True Wireless acquisition," stated Carter Matzinger, President and CEO of KSIX Media. "True Wireless is an ideal acquisition. Our focus will be to help expand the True Wireless subscriber base in 2017 and become one of the leading Lifeline providers in the country."
Once the acquisition of the assets is complete, KSIX intends to fully integrate the management operations of KSIX and True Wireless. True Wireless will operate as a wholly owned subsidiary, retaining key True Wireless management staff.
ABOUT KSIX MEDIA HOLDINGS
KSIX Media Holdings, Inc. (OTC PINK: KSIX) is an SEC fully reporting media and Internet company located in Las Vegas, Nevada. Currently, there are three divisions, KSIX, LLC, DigitizeIQ, LLC and Blvd Media Group, LLC. The largest, KSIX, LLC is a digital advertising network utilizing proprietary technology and intellectual properties designed to create new revenue streams and increase measurable audiences for clients. KSIX provides performance-based marketing solutions to drive traffic and sales. KSIX manages offer tracking, reporting, and distribution on the third-party platform.
ABOUT TRUE WIRELESS, LLC
True Wireless LLC, an Oklahoma company, is an eligible telecommunications carrier providing discounted and subsidized wireless (cell phone) service to those who qualify. We provide government sponsored/supported cell phone service in Texas (TX), Oklahoma (OK), Arkansas (AR), Maryland (MD) and Rhode Island (RI). The service is subsidized under the Lifeline program. Americans who enroll in the program must qualify and maintain compliance.