Blackstreet Capital Management Acquires Fanfare Media Works from Beltway Capital Partners.BETHESDA, Md. -- Blackstreet Capital Management, a Bethesda, MD based private equity fund, announced the purchase of the debt of Fanfare Media Works from Beltway Capital Partners. Blackstreet has foreclosed on Fanfare, won the resulting auction, and has reorganized re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. the assets under a new entity, FMW FMW Frontier Martial-Arts Wrestling (Japan) FMW Fusion Middleware FMW Frosted Mini Wheats (breakfast cereal) FMW Fanfare Media Works Inc. Inc., ("Fanfare"). Blackstreet has brought in President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Brendan Ross Ross , Sir Ronald 1857-1932. British physician. He won a 1902 Nobel Prize for proving that malaria is transmitted to humans by the bite of the mosquito. to lead the new entity. "Fanfare remains number one in each of its product lines," said Murry N. Gunty, Managing Partner of Blackstreet Capital Management. "The Company's long term supermarket relationships and extraordinarily talented sales force make it the local advertising outlet of choice for businesses across the US and Canada. We are excited about the future of the business." The Fanfare board includes former Ticketmaster-Citysearch CEO John Pleasants. "The standout players in local advertising combine technology with feet on the ground," said Pleasants. "In this era of information saturation saturation, of an organic compound saturation, of an organic compound, condition occurring when its molecules contain no double or triple bonds and thus cannot undergo addition reactions. , Fanfare's simple, no-nonsense products are able to cut through the noise and remain relevant to today's consumers." Brendan Ross joins Fanfare as President and Chief Executive Officer. "Our outstanding supermarket partners are the hubs of their communities. Literally everyone goes grocery shopping, providing our local advertisers with the unique opportunity to reach everyone in their community. There is nothing else comparable." About Fanfare Fanfare, based in Valencia, California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W). , offers local merchants and service providers a suite of targeted advertising products and services which are distributed through a national network of 9,500 supermarkets and drug stores. Fanfare's products include Register Tape Network, cash register tape that is printed on the reverse side with coupons and advertising; Adcart, advertising-surrounded aisle directories that are placed on shopping carts; Publications, a series of free advertising-supported entertainment-oriented magazines; and Market Information Centers, which are in-store billboards that surround a store's own current discounts and promotions. About Blackstreet Capital Management Blackstreet Capital Management, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control is a Bethesda, Maryland Bethesda is an urbanized, but unincorporated, area in southern Montgomery County, Maryland, just Northwest of Washington, D.C. It takes its name from a church located there, the Bethesda Presbyterian Church, built in 1820 and rebuilt in 1850, which in turn took its name from based private equity firm with $88 million of capital under management. Blackstreet focuses on control buyouts of companies that are either underperforming, in out-of-favor industries, or are undergoing some form of transition. Blackstreet seeks investments in a range of industries, including manufacturing/distribution, restaurants, specialty retail business services and health care. |
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