Momentous Entertainment Group, Inc., an online social media network, just announced its intent to acquire BLACKFOX.IO (BLACKFOX).
The company, which is vertically organized into four business areas: social networking, social gaming, ecommerce sold consumer products and services, and OTT streaming media content creation and distribution, has a strong global affiliate network.
“BLACKFOX has a unique competitive advantage in that their customers only pay for performance for successful installs or generated purchases,” reads the official word. “In addition, BLACKFOX clients are allowed to pay on credit terms (after a credit check). With mobile advertising on the rise, BLACKFOX is well positioned to offer advertisers a risk-free opportunity to capitalize on this growing niche.”
The biggest opportunity readily available to Momentous is BLACKFOX’s ability to quickly scale as BLACKFOX has hundreds of pending affiliates applications wanting to use and make money via its ad platform.
With mobile advertising on the rise, BLACKFOX provides a risk free service that can help both well established and new companies grow their user bases by paying only successful product promotion and advertising.
“This brings a fourth acquisition to Momentous and adds yet another revenue stream to enhance our overall top and bottom line revenues,” said Momentous CEO Kurt Neubauer. “Momentous is utilizing both sides of the market equation, having a large worldwide base of social media subscribers and/or customers and identifying and acquiring ecommerce and other products and services that will appeal to those user bases. We are continuing to work our acquisition model and expect to continue this process throughout the year.”