FORT LAUDERDALE, FL—On Wednesday, Cybermesh International Corp (OTCBB: CYTL), a technologybased company focused on supporting media industries with online distribution, analysis and revenues protection, and Multimedia Platforms LLC (MMP), publishers of the Florida Agenda and Guy Magazine , announced a joint venture, effectively combining the individual strengths of both companies.
Multimedia Platforms Worldwide LLC (MMPW), will be managed by Bobby Blair, MMP’s current CEO and managing partner, and Publisher of the Agenda and Guy, who will serve as the new venture’s CEO. “This joint venture provides MMPW the perfect positioning for our long-term goals as a company to expand at a steady targeted rate. In the next few months, we will be acquiring existing online and print publications while developing platforms to lead and support positive change and equality in the growing LGBT business community,” Blair said. “In addition, we are excited about leading the industry in mobile and online vehicles to showcase the entertainment, travel, and lifestyle segments of the markets we serve.”
Research conducted by Witeck- Combs Communications, Inc. and Marketresearch.com indicates that the collective buying power of the LGBT community is poised to top $800 billion by 2013. “MMP expects to capture a healthy share of that business, and fully intends to function as the essential source of information for the growing LGBT segment of the American and world populations,” said Blair. Sam Porter, CEO of Cybermesh, shares Blair’s enthusiasm. “We believe that Robert Blair has built the most dynamic, inclusive, and integrated media company in the LGBT marketplace, and is positioned for infinite expansion potential. This joint venture will allow Multimedia Platforms Worldwide LLC to access the public capital markets to build resources and seize growth opportunities now and in the future.”
As part of the terms of the joint venture, MMP will receive 12 million restricted shares of common stock in CYTL. Boris Epshteyn, a popular commentator on CNN, and Managing Director of Business and Legal Affairs at West America Securities Corp., is advising MMP.
MMP has built an all-inclusive media platform consisting of newspaper, magazine, entertainment, and news website formats, and has recently expanded to include video and mobile applications to reach all facets of the international LGBT community. MMP’s top brands include Florida Agenda , the Fort Lauderdale-based weekly LGBT newspaper that covers world, national, and local news and events, and Guy Magazine, a weekly entertainment and lifestyle publication that features and blankets through distribution the burgeoning South Florida LGBT marketplace. According to Blair, MMP’s focus is to reach new consumers with the latest technology and market expertise, delivering the highest quality news and entertainment information via a variety of platforms.
Cybermesh International is a technology-based company that focuses on developing technologies to assist the entertainment, telecommunications, and media industries, through online distribution, analysis, and revenue and copyright protection. Currently headquartered in Southern California, Cybermesh International will be relocating to Fort Lauderdale as part of the joint venture.