SOURCE: KSIX Media Holdings, Inc.

KSIX Media Holdings, Inc.

November 12, 2015 15:16 ET

UPDATE - North American Energy Resources Announces Completion of Acquisition of KSIX Media

With the Acquisitions, the Company Has Changed the Corporate Name Change and Will Seek to Change the Ticker Symbol

LAS VEGAS, NV--(Marketwired - Nov 12, 2015) - KSIX Media Holdings, Inc., a Nevada corporation ("KSIX" and/or "Company"), which is a publicly traded Las Vegas based company (formerly North American Energy Resources, Inc. - "NAEY") has changed its corporate name as part of a share exchange agreement, executed on April 27, 2015 with NAEY and KSIX Media, Inc., a Nevada corporation ("KSIX Media"). The Company has previously filed a PRE 14C information statement and a DEF 14 C Information Statement (which was mailed to shareholders on June 10, 2015), which provided all material details of the acquisition of KSIX Media (Described herein below).

The Company currently trades under the ticker symbol NAEY on the OTCQB. The Company plans on immediately filing a request with the Financial Industry Regulatory Agency (FINRA) to notify them of the corporate action involving the name change, and to request KSIX as the new ticker symbol for trading.

The principle business operations of the Company moving forward will be a digital advertising agency serving customers across the globe through its wholly owned subsidiary KSIX Media. The Company is also seeking to acquire other niche marketing companies in the digital advertising sector to grow market share and efficiency. There are significant operating economies of scale created with acquisitions, both in improving operating margins and increasing top line revenue. KSIX plans on continuing the operating the existing oil and gas assets that were in place at the time of the merger.

KSIX Media's primary business is the operation of a diverse digital advertising network through two wholly owned subsidiaries, KSIX, LLC and BMG Media Group, LLC ("BMG"), each of which are Nevada limited liability companies. KSIX Media was acquired by NAEY in a share exchange agreement with NAEY and its shareholders, who issued 28,000,000 restricted shares of its common stock to the KSIX and its shareholders, who now control a majority position in the new company. KSIX board members, Carter Matzinger, Ted D. Campbell II, Clinton W. Coldren, and Dr. Allan Rosenthal unanimously agreed on the decision.

Carter Matzinger, the new CEO of the company, stated "We're excited to work with NAEY and to increase value for the shareholders. We are focused on acquiring key niche marketing verticals and web assets, that are agile, helping KSIX become a more responsive and robust digital ad network."

In accordance with accounting treatment acquisitions of this nature, NAEY's historical financial statements as of period ends, and for periods ended, prior to the acquisition will be replaced with the historical financial statements of KSIX prior to the acquisition in all future filings with the Securities Exchange Commission.

ABOUT KSIX MEDIA HOLDINGS
KSIX Media Holdings, Inc., a Nevada corporation (OTCQB: NAEY), is a fully reporting company with the SEC, which is the parent company of a wholly-owned subsidiary, KSIX Media, Inc., a Nevada corporation, which operates two wholly-owned subsidiaries, KSIX LLC and BMG Media Group, LLC ("BMG"), both Nevada limited liability companies.

KSIX LLC is an advertising network designed to create revenue streams for their affiliates and to provide advertisers with increased measurable audience. KSIX provides performance based marketing solutions to drive traffic and conversions within a Cost-Per-Action ("CPA") business model. KSIX has an online advertising network that works directly with advertisers and other networks to promote advertiser campaigns. KSIX manages offer tracking, reporting and distribution on the third-party platform.

BMG Media Group, LLC provides the tools for web publishers to drive traffic and increase revenue. BMG's mission is to monetize the Internet, promoting incentive based advertisements resulting in more clicks, greater lead generation and increased revenues.

Contact Information

  • OmniVanceAdvisors
    Daniel Wong
    858-381-5740
    PR@ksix.com