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November 29, 2006 – (TopHosts News Brief) – Wholly-owned subsidiary of Ckrush, Inc. (OTCBB: CKRH), Ckrush Digital Media, Inc., has entered into a binding letter of intent to acquire the businesses and certain assets of hosting provider TriSoft Media, Inc. and AudioStreet, Inc.
The transaction is scheduled to close by December 31, 2006 and is subject to the completion of due diligence and approval by Ckrush’s Board of Directors.
With the deal, Ckrush will acquire TriSoft Media’s proprietary software, web design, software development, marketing and an array of shared, dedicated and eCommerce Web hosting solutions. AudioStreet.Net and MixStreet.Net collectively average 500,000 unique visitors per month, upwards of 8 million page views per month and have approximately 450,000 members.
“By acquiring the businesses and assets of TriSoft Media and AudioStreet, Ckrush will continue to grow as a leader in the emerging area of online social content and social networking,” Jeremy Dallow, President of Ckrush, Inc., said in a Business Wire release. “This acquisition will also allow Ckrush to develop and manage its Internet businesses in house.”
For more information visit http://www.ckrush.net.
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