Momentous Entertainment Group, Inc. an online social media network company vertically organized into four business areas: social networking, social gaming, ecommerce consumer products and services, and OTT streaming media content creation and distribution, announced that it has executed agreements and completed initial funding to acquire Blackfox.io
Blackfox.io is a leading mobile advertising network with a strong worldwide affiliate network with historical revenues over the past four years, having topped $2.5 million annually. Blackfox experienced explosive growth in 2016 with over a dozen premium and big-budget advertising customers such as Symantec (owner of Lifelock), Tiger Media Inc, Cliq Digital (all three companies are publically listed with revenues over $300M). These and other direct Blackfox customers have used the Blackfox platform to run major mobile ad sales campaigns for such companies as Walmart, Nutri-Systems, Old Navy, LivingSocial, Amazon, GoDaddy, Macy’s, LendingTree and others. Blackfox has a unique competitive advantage in that their customers only pay for performance on successful installs or generated purchases. In addition, Blackfox clients are allowed to pay on credit terms (after a credit check). This allows our advertising partners to significantly grow their business when using the Blackfox advertising platform. 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, worldwide.
What makes Blackfox an extraordinary purchase is at the heart of this company is its strength in digital marketing. This acquisition will heavily fuel Momentous’ advertising campaigns for their current and future portfolio of products to achieve double digit revenue growth.
In business since 2014, with 10 employees, Blackfox continues to thrive and has seen extraordinary growth since its inception. With mobile advertising now on the rise, Blackfox provides a risk free service to help well established and new companies significantly grow their customer base by only paying for the successful performance of their product promotion and advertising. Blackfox was recently selected by MOBYAFFILIATES (a leading mobile advertising and app marketing news site and directory) as one of the Top Mobile Affiliate Networks of 2017. Along with the acquisition, Todd Rambilas, Blackfox’s founder and CEO, has agreed to join Momentous on a contract basis to smoothly transition the business, lead and grow sales and continue enhancement of the company’s proprietary technology platform going forward. In addition, Todd’s expertise, industry contacts and knowledge of the mobile advertising market will be invaluable in assuring Blackfox’s continued success and growth.
Momentous CEO Kurt Neubauer stated, “This brings to a completion, our third acquisition to Momentous and adds yet another worldwide revenue stream to enhance our overall top and bottom line revenues. Momentous is utilizing both sides of the market equation, having a large worldwide base of social media subscribers and 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.”