30DC Acquires Business Assets from Netbloo

New Post Public Reply Private Reply Replies (0) Message Board
junewong

30DC Acquires Business Assets from Netbloo Media -- the Remaining 50% of MagCast Digital Publishing Platform Joint Venture an...

Date : 01/07/2013 @ 9:30AM
Source : PR Newswire (US)
Stock : 30dc, Inc. (PL) (TDCH)
Quote : 0.09  0.0 (0.00%) @ 5:32AM

30DC Acquires Business Assets from Netbloo Media -- the Remaining 50% of MagCast Digital Publishing Platform Joint Venture an...

30dc, Inc. (PL) (USOTC:TDCH)
Historical Stock Chart

2 Months : From Dec 2012 to Feb 2013

Click Here for more 30dc, Inc. (PL) Charts.

NEW YORK , Jan. 7, 2013 /PRNewswire/ -- 30DC, Inc. (OTC: TDCH), a provider of web-based tools for the monetization of digital content and 50% joint venture owner of the rapidly growing MagCast Publishing Platform, announced today it has acquired the remaining 50% of the MagCast platform from Netbloo Media Ltd together with the outright purchase of the Market ProMax online marketing platform in an all-stock transaction.

The MagCast joint venture was formed in May of 2012 between 30DC and Netbloo to develop and market a publishing platform to publish digital magazines on Apple Corporation's Apple Newsstand.  Market ProMax is an online marketing platform that allows for the development and distribution of digital products without requiring any programming or technical skills.

Under the terms of the agreement 30DC will book 100% of all MagCast Sales and license fee revenue since October 1 st 2012, and will be responsible for all related costs as of that date.  30DC will also bring to account all monthly subscription revenue from Market ProMax since October 1, 2012 .

30DC has acquired Netbloo's interest in the MagCast joint venture and the Market ProMax business, in exchange for 13,487,363 shares in 30DC.  The acquisition includes all assets required or used to operate the MagCast Publishing Platform, all new business projects currently in development. Intangible property includes websites and domain names, blogs, social media sites, files and source code, software, trademarks, trade names, brand names, goodwill, customer lists, e-mail and any other contact lists, operating manuals, technology plans, applications, contracts, warranties, leases, rights, and all the assets constituting the Market ProMax business.

30DC is also delighted to announce that Jonathan Lint , an online entrepreneur and CEO of Netbloo Media, has agreed to join the company as the Vice President of Strategic Systems reporting to Ed Dale , CEO, and that his company Netbloo Media will continue to be contracted to provide software and Internet application development services to 30DC for MagCast, Market ProMax and other new business opportunities.

Commenting on the transaction, Mr. Dale noted, "Acquiring the remaining MagCast joint venture interest and Market ProMax is a watershed for the company. Following our recent product launch and market acceptance, we are now focused on enhancing and growing the MagCast platform and overlaying it with a growing range of goods and services to our publisher community and their consumers to help maintain our competitive position as the premier digital publishing platform for the self publishing market."

Mr. Lint elaborated further, "The initial joint venture and release of the MagCast platform to the Internet marketing community demonstrated not only the effectiveness of the MagCast platform but also clearly showed the ability of my team and 30DC to work together effectively.  I'm delighted to be joining 30DC with the exciting new business development plans that we have in the pipeline for MagCast as well as the opportunity to drive the growth of the Market ProMax platform."

About 30DC, Inc. ( http://www.30dcinc.com )
30DC provides web-based tools for the monetization of digital content. The Company produces the following tools:

MagCast Publishing Platform - offers an apps development and maintenance tool for publishers seeking to circulate content on a single issue or subscription basis. MagCast utilizes Apple's marketplace for digital media, Newsstand as the customer interface, which provides electronic distribution and collects revenue: http://www.magcast.co .

Market ProMax - allows anyone to sell digital products without any programming knowledge or technical expertise: http://www.marketpromax.com

The Challenge - a free module-based training program designed for individuals looking to learn about Internet marketing at their own pace. To date the education program has schooled more than 190,000 individuals, and currently has approximately 100,000 active online members:
http://www.challenge.co .

Immediate Edge - one of the longest running subscription-based Internet marketing programs on the web. Immediate Edge serves as a research and development department for hard core Internet marketers to stay up-to-date with the latest industry trends on Internet Marketing and learn the most innovative ways of making money online: http://www.immediateedge.com .

This press release contains "forward-looking statements" within the meaning of various provisions of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Specifically, statements about the Company's plans for accelerated growth, improved profitability, future business partners, M&A activity, new service offerings and pursuit of new markets are forward looking statements. Although the company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Such forward-looking statements should not be construed as fact. The information contained in such statements is beyond the ability of the Company to control, and in many cases the Company cannot predict what factors would cause results to differ materially from those indicated in such statements. All forward-looking statements in the press release are expressly qualified by these cautionary statements and by reference to the underlying assumptions.

For additional: Ted Greenberg CFO 30DC, Inc. Phone: 212-962-4400 Ext 83
E-mail: ted.greenberg@30dcinc.com or visit http://www.30dcinc.com

SOURCE 30DC, Inc.

Copyright 2013 PR Newswire

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Skandia's Soundproofing Kit Expands to Brazil's Skies

Updated Category News Views 4

Soundproofing Takes Off in Brazil Skandia has just pulled off a neat trick, earning the nod from Brazil's National Civil Aviation Agency (ANAC) for their King Air soundproofing kit. That means quieter skies ahead for operators of the King Air 200 and 300 series in Brazil. This is no small feat, folks; it's like finally getting that coveted backstage pass after years of...

Continue Reading
Community Banks Missing $106B Lending Opportunity?

Updated Category News Views 6

A Missed Opportunity for Community Banks It's a classic tale: community banks sleepwalking while big players snatch up low-hanging fruit right in their own backyards. According to the latest report by Cornerstone Advisors, commissioned by Teslar Software, these banks are essentially leaving $106 billion on the table when it comes to consumer lending. That's not just chump...

Continue Reading
Cure Blindness Project's 770K Screenings for World Sight Day

Updated Category News Views 5

Visionary Steps Toward a Brighter Future No two words could describe the task that Cure Blindness Project is tackling this year: vision and action. Marking World Sight Day on October 8, they plan to usher in 770,000 eye screenings across Asia, Africa, and the Caribbean. These initiatives aren't just numbers—they're a colossal step toward lifting the veil of avoidable...

Continue Reading
Dentistry.One Achieves HITRUST i1, Boosts Cybertrust

Updated Category News Views 3

HITRUST i1 Certification: The Gold Standard in Security For a world increasingly reliant on digital infrastructure, cybersecurity certification is no longer just a badge of honor; it's a cornerstone of trust. Dentistry.One nailed this down by bagging that coveted HITRUST i1 certification. When folks talk about securing data, HITRUST might as well be speaking gospel. We're...

Continue Reading
Bob Evans' Protein Mac & Cheese: Practical Power Play

Updated Category News Views 14

Has anyone else noticed just how fast the world spins when it comes to consumer trends these days? Bob Evans is hopping right on the protein bandwagon with its latest launch, a microwave-ready Protein Macaroni & Cheese that packs 18 grams of protein per serving. You gotta hand it to them for seizing opportunity when they see it. This one's not just about tossing a new...

Continue Reading
ROKFORM’s Signal Card: A Wallet Tracker for All

Updated Category News Views 7

The Gadget You Didn't Know You Needed Ever feel that momentary panic when your wallet seems to have vanished into thin air? ROKFORM's fresh offering, the Signal Card, tackles that heart-stopping moment head-on. They've taken the mundane act of misplacing your wallet and transformed it with their sleek, credit-card-sized tracker. This baby pairs seamlessly with Apple Find...

Continue Reading
Purina Institute Highlights Nutritional Science at WSAVA 2026

Updated Category News Views 8

A Global Stage for Pet Nutrition Science The folks over at the Purina Institute are back in the spotlight as they gear up to throw their weight behind the 51st World Small Animal Veterinary Association (WSAVA) Congress in Warsaw, Poland. Set for October 13-15, 2026, this isn’t just another event—they're bringing some serious clout with their 'Food for Thought'...

Continue Reading
NYSE Texas Redefines the U.S. Capital Markets Landscape

Updated Category News Views 10

NYSE Texas: Carving a Niche The notion of 'Y'all Street' might seem like a gimmick, but NYSE Texas is pushing a serious agenda with its newly released white paper, 'NYSE Texas and the Reshaping of U.S. Capital Markets.' This is no small feat. Texas is already housing 235 NYSE-listed companies, boasting a colossal combined worth of $4.8 trillion. With 130 of these firms...

Continue Reading
Pushing for National Liver Cancer Awareness in 2026

Updated Category News Views 6

The Urgency of Liver Cancer Awareness Death doesn’t wait, does it? When liver cancer is the villain in question, every moment becomes precious because this beast doesn’t roar until it’s too late. Here we are in 2026, staring at nearly 31,000 annual deaths in the U.S. alone. But hope flickers with a new congressional resolution aiming to slap a bright spotlight on...

Continue Reading
Truss Financial Tackles Home Equity Closing Delays

Updated Category News Views 8

Truss Financial Group's Bold Move Against Closing Delays In real estate, time is money. Even the most casual market observer could tell you delays can slice through a deal like a hot knife through butter. That's the headache home equity borrowers face, blindsided by closing delays that sneak up on them without warning. An Industry Bottleneck Finally Addressed Enter Truss...

Continue Reading

Top 5 Most Recently Viewed Articles

Knight Watch Partners with Detroit Pistons for Enhanced Security

Updated Category News Views 189

New Partnership with Detroit Pistons Announcement Knight Watch is excited to unveil a new partnership with the Detroit Pistons, centered on enhancing security at the iconic Henry Ford Detroit Pistons Performance Center. This innovative collaboration symbolizes a commitment to safety and excellence within a premier sports facility. Security Solutions for the Performance...

Continue Reading
Spark and Glow Plug Market Growth Insights for 2024-2034

Updated Category News Views 45

Projected Growth of Spark and Glow Plug Market The automotive spark and glow plug market is on an upward trajectory, anticipated to grow at a 2.5% compound annual growth rate (CAGR) from 2024 to 2034, reaching a projected value of US$ 8,945.5 million. This growth reflects an increasing demand for these components, crucial for engine performance and efficiency. Market...

Continue Reading
$100,000 Award Sparks Expansion for Local Nonprofit Initiative

Updated Category News Views 102

Consumers Energy Foundation Boosts Local Nonprofit Efforts The Consumers Energy Foundation has proudly announced a significant award of $100,000 to the East Side Soup Kitchen, better known as ESSK. This commendable initiative aims to support the nonprofit in making vital infrastructure improvements that will increase its capacity to serve the community effectively....

Continue Reading
Rocket Lab's Impressive Q4 Performance and Future Prospects

Updated Category News Views 250

Rocket Lab's Q4 Earnings Overview Rocket Lab USA Inc (NASDAQ: RKLB) recently shared its financial results for the fourth quarter, showcasing remarkable growth and achievements. This report highlights the key performance metrics and strategic advancements made by the company. Impressive Revenue and Earnings Metrics In its fourth quarter, Rocket Lab recorded a revenue of...

Continue Reading
Zhengye Biotechnology Faces NASDAQ Compliance Challenge Ahead

Updated Category News Views 164

Zhengye Biotechnology's Recent NASDAQ Notice Recently, Zhengye Biotechnology Holding Limited (NASDAQ: ZYBT), a leading veterinary vaccine manufacturer based in China, received a notice from the NASDAQ Stock Market regarding a compliance issue. The notice was sent to the company concerning its failure to timely file the Form 20-F for the fiscal year ending December 31,...

Continue Reading