Ckrush Digital Media Completes Acquisition of Trisoft Media and the Online Social Networking and Entertainment Sites AudioStreet.Net and MixStreet.Net.Together These Highly Popular Sites Average 500,000 Unique Visitors A count of how many different people access a Web site. For example, if a user leaves and comes back to the site five times during the measurement period, that person is counted as one unique visitor, but would count as five "user sessions. Per Month and 8 Million Page Views Per Month Transaction is Synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik) 1. acting together. 2. enhancing the effect of another force or agent. syn·er·gis·tic adj. 1. With Ckrush's LiveMansion.com and Reflects Ckrush's Strategy of Being an Innovative Force in Online Social Networking See social networking site. social networking - social network and Entertainment NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Ckrush Digital Media, Inc., a wholly-owned subsidiary of Ckrush, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CKRH), announced that it completed its previously announced acquisition of the businesses and assets of Trisoft Media, Inc. and AudioStreet, Inc., including the websites http://www.audiostreet.net and http://www.mixstreet.net on February 5, 2007. The purchase consideration was $600,000 in cash and 4 million shares of common stock. As part of the transaction, Ckrush acquired TriSoft Media's proprietary software, custom web design, software development, marketing and an array of shared, dedicated and ecommerce web hosting Making a Web site available on the Internet. Many ISPs host a few personal Web pages for an individual at no additional cost above the monthly service fee, but the address is subordinate to the ISP; for example, www.friendlyisp.com/pat_smith. solutions. The popular websites AudioStreet.Net and MixStreet.Net collectively average 500,000 unique visitors per month and upwards of 8 million page views per month. AudioStreet.Net and MixStreet.Net are online communities that focus primarily on music and music-based content. AudioStreet and MixSteet were launched in 2004 and 2005, respectively as online homes for independent music artists, DJ's and music mixologists. The sites provide a platform for the promotion and distribution of songs and allow for interaction between musicians and fans. There are approximately 40,000 bands and 20,000 DJ's on these sites. Trisoft Media's business consists principally of it's a custom web design, software development and web hosting. Trisoft Media has been providing website development services to LiveMansion.com, Ckrush's interactive online community. The acquired assets and businesses are complimentary to Ckrush's cutting edge, interactive social network LiveMansion.com (http://www.livemansion.com), and this acquisition will allow Ckrush to leverage the combined audience of the sites to generate membership, content, and advertising revenues. LiveMansion.com was launched by Ckrush in July 2006 and has been the subject of stories in the New York Times, Variety and CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. , among others. The acquisition of AudioStreet, Inc. and TriSoft Media, Inc. reflects the continuing implementation of the Company's strategy to be an innovative, rapidly growing force in the online social networking and digital entertainment categories. Jeremy Dallow, President of Ckrush, Inc., commented, "The transaction will allow Ckrush will continue to grow as a leader in the emerging area of online social content and social networking. This acquisition will also allow Ckrush to develop and manage its Internet businesses in house. Moreover, the addition of an existing large and passionate membership base will help fuel the growth of LiveMansion.com and provide for a more robust advertising platform for perspective advertisers interested in reaching a targeted demographic." "We are thrilled thrill v. thrilled, thrill·ing, thrills v.tr. 1. To cause to feel a sudden intense sensation; excite greatly. 2. To give great pleasure to; delight. See Synonyms at enrapture. to be joining the Ckrush team and are excited about the direction of the Company" commented Cary Bartlett of Trisoft. "Our skills and assets are very complementary with Ckrush's and coming together makes for a powerful combination. We look forward to helping the Company build its digital businesses." About Ckrush, Inc. Ckrush, Inc. (OTCBB: CKRH) is a cutting edge entertainment and digital media group capitalizing on the global convergence of the traditional entertainment industry and the "participatory pop culture" revolution of online communities and digital technology. The Company produces feature films, sports programs and other content that target young adults, a highly-coveted entertainment industry demographic comprised of 70 million-plus consumers with an estimated spending power The power of legislatures to tax and spend. Spending power is conferred to state and federal legislatures through their constitution. Judicial Review of legislative spending varies from state to state, but the law of federal spending informs courts in all states. in excess of $200 billion annually. Ckrush's "LiveMansion.com" (http://www.livemansion.com/) is a fully interactive social network. Ckrush feature films include the recently released" Beer League," starring Artie Lange, and "National Lampoon's TV the Movie," starring Steve O and Wee Man of "Jackass jackass: see ass. " fame; and "National Lampoon's Pledge This," starring Paris Hilton  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. . Ckrush also promotes and
distributes televised sports events and other programming through
pay-per-view, video-on-demand and other channels. For additional
information please visit http://www.ckrush.net/.
Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or . Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors; acquisitions of dispositions of business assets; and the potential impact of future decisions by management. More detailed information about these factors may be found in filings by Ckrush, Inc. with the Securities and Exchange Commission. Ckrush, Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise. |
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