– Total of 16 Military and Public Safety Websites Now Under Management –
Boca Raton, FL – October 6, 2014 – Bright Mountain Media, Inc. BMTM, an owner, acquirer and manager of customized websites for military and public safety audiences, today announced the acquisition of www.gopoliceblotter.com, an online retailer specializing in merchandise for law enforcement and military enthusiasts, bringing the total number of websites under management to 16.
Kip Speyer, Chief Executive Officer of Bright Mountain, commented, “With our continued focus on military and public safety audiences, we are rapidly expanding our portfolio of websites under management. The addition of gopoliceblotter.com further strengthens our position in the space by broadening the content we offer. With more than 250,000 Facebook ‘likes’ and more than 4,200 Instagram followers, we also gain access to a larger audience, increasing the opportunities for cross-branding across all of our websites.”
Founded in 2012, www.gopoliceblotter.com produced 2013 annual revenues of approximately $122,000. The site specializes in unique, creative and humorous police shirts, hoodies and other apparel aimed at consumers wishing to express their affinity towards the military and law enforcement professions.
Mr. Speyer continued, “In the near-term we will work to improve and streamline the website as we fold it into our existing infrastructure, with a minimal increase in our operating costs. Utilizing our existing capacity and significant operating leverage are key factors to increasing our website traffic and achieving our long-term growth plans.”
The website was purchased for $120,000 and funded with cash on hand.
About Bright Mountain Media, Inc.
Bright Mountain Media, Inc. owns, acquires and manages websites customized to provide their niche users, primarily military and public safety personnel, with information, news, products, videos and services that is of interest to them. The company’s websites contain a number of sections with a vast amount of mission group oriented information including originally written news content, blogs, forums, career information, products and videos. For more information, visit www.bmaq.com.
Safe Harbor Statement
This press release contains forward-looking statements that can be identified by terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our limited operating history, managing our expected growth, risks associated with integration of acquired websites, possible inadvertent infringement of third party intellectual property rights, our ability to effectively compete, our acquisition strategy, and a limited public market for our common stock, among other risks. Bright Mountain Media, Inc.’s future results may also be impacted by other risk factors listed from time to time in its SEC filings. Many factors are difficult to predict accurately and are generally beyond the company’s control. Forward-looking statements speak only as to the date they are made and Bright Mountain Media, Inc. does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
