Mobio Announces Recapitalization of Twenty Year Media
Summary
Concurrently, the management team of Twenty Year Media will acquire approximately 28% of TYMs issued and outstanding shares from Mobio. The transactions described in the Letter of Intent are expected to close in mid-January, 2016, and remain subject to the approval of the TSX Venture Exchange. Strutta is a social promotions platform that helps marketers bring potential customers from stranger to fan to customer, and Struttas Promotions API provides a technology platform that facilitates social media competitions and campaigns for global brands. Twenty Year Media owns and operates Emerging Pictures, a US-based all-digital film and alternative content distribution network. Using data and social media analysis together with seamless digital delivery to theaters, Emerging Pictures enables content owners and exhibitors to be more effective and innovative in their distribution strategies and programming decisions.
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