ReelTime Media Ltd is pleased to announce that it has acquired the website
www.XPMediacentre.com.au in exchange for ReelTime shares and options as follows;
a) Six Million Ordinary shares to be issued at Two point Five cents ($0.025) and
b) three million options at six point five cents ($0.065) exercisable within 3 years and
c) three million options at ten cents ($0.10) exercisable within 3 years.
XPMediacentre is Australia’s #1 forum for the media centre community, with over 160,000 unique browsers per month, 2.2m monthly page views and a subscriber base of over 40,000.
Consistent with its recently announced EzyDVD deal and its plan to commence rollout of the ReelTime Media Centre via EzyDVD retail stores, the XPMediacentre website provides ReelTime Media with;
a) access to the steadily growing media centre community
b) the opportunity to promote media centres in general which in turn provides a potential customer base for its content and media centre products.
c) existing and future advertising revenues
d) other opportunities to be developed over time.
The website will
not be “moderated” by ReelTime, and will be kept as an independent forum promoting the use of media centres, access to legal download content and ReelTime will continue building upon the community which has been growing since 2005.
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