FT. LAUDERDALE, FL--(Marketwired - Jun 18, 2015) - Multimedia Platforms, Inc. (
With the closing of Next, MMPW has further consolidated the LGBTQ media marketplace by connecting top brands in top markets to create one, unified, national brand. These markets represent highly sought after target areas for Fortune 500 companies to reach a large percentage of the $850 Billion total purchasing power of the U.S. LGBTQ community. Leading global brands including Marriott, Nike, American Airlines, Starbucks and Walmart have all displayed support for the community and increased their advertising efforts targeting this loyal and influential community.
Strategically, the Company has acquired assets consisting of rich content, leading industry writers, loyal readers/subscribers and social media followers within key LGBTQ community marketplaces, now including New York. Other assets and key marketplaces are 80 U.S. cities through FunMaps® and Florida through the Florida Agenda and Guy Magazine.
Bobby Blair, Chief Executive Officer of Multimedia Platforms, stated, "We are pleased to purchase a globally recognized brand with 23 years of publishing the highest quality content in one of the most sought after media markets in the world. We will be connecting the global LGBTQ community, businesses and advertisers for the first time by providing news, entertainment, and connections through print, online and social media channels. Advertisers and businesses will benefit from the flow of information through the ability to quickly deploy content via one centralized location. We are currently in advanced discussions to continue rolling-up and consolidating the fragmented LGBTQ media market."
David Moyal, Founder of Next Magazine, commented, "We are extremely excited to have finalized our agreement with Bobby and Multimedia Platforms. I firmly believe in his vision and the strategy that the Company is embarking on as evidenced by my decision to accept approximately 80% of the terms of our agreement in Multimedia Platforms equity. It is a vote of confidence in the team and long-term prospects as together we will continue to give the LGBTQ community a strong voice."
ABOUT MULTIMEDIA PLATFORMS INC.:
Multimedia Platforms Inc. (
ABOUT NEXT MAGAZINE:
Next Magazine is "New York's Gay Guide" -- a weekly comprehensive lifestyle resource for all gay New Yorkers, regardless of skin color, ethnic background or economic status. Since 1993, we have aimed to highlight both the popular and under the radar events, personalities and products that appeal to such a diverse range of gay men, especially when those stories are about gay New Yorkers themselves. Colorful, fun and always with a good sense of humor, Next's provocative commentary on nightlife, entertainment, politics, fashion, sports and celebrity informs its community and engages its readers in order to help the Big Apple maintain its vital and supportive gay legacy.
Next Magazine is available on a weekly basis throughout New York City, Upstate New York, New Jersey, and Fire Island, and 24/7 internationally through its web component, NextMagazine.com.
SAFE HARBOR STATEMENT:
Any statements that are not historical facts contained in this release are "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 (PSLRA), which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions or orders that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions, the performance of management and our employees, our ability to obtain financing or required licenses, competition, general economic conditions and other factors that are detailed in our periodic reports and on documents we file from time to time with the Securities and Exchange Commission. The forward-looking statements contained in this press release speak only as of the date the statements were made, and the companies do not undertake any obligation to update forward-looking statements. We intend that all forward-looking statements be subject to the safe-harbor provisions of the PSLRA.
Contact Information:
Company Contact:
Bobby Blair
CEO
Email: info@mmpworldwideinc.com
Phone: (954) 440-4678
http://mmpworldwideinc.com
Investor Contact:
Capital Markets Group, LLC
Alan Sheinwald
Email: Alan@CapMarketsGroup.com
Phone: (914) 669-0222