Troika and M2 nGage Merge to Form Troika Media Group, Inc.
LOS ANGELES, July 12, 2017 /PRNewswire/ -- Troika and M2 nGage Group, Inc. (OTC: MTWO – symbol to be changed shortly) announced today the closing of their merger agreement, effective June 14, 2017, to form Troika Media Group, Inc. The merger positions the company to re-imagine live experiences for audiences, brands, content and venue partners.
Backed by a team of international investors, Troika Media Group will deliver integrated branding and advertising solutions through proprietary technology, data and creativity.
Troika, Inc. (formerly Troika Design Group, Inc.), a wholly-owned subsidiary, is a strategic branding and marketing agency that partners with the world's leading brands, including ABC, Hulu, UFC, Riot Games, Turner, and Pechanga Resort and Casino, throughout its 16-year history. M2 nGage, rebranded as Troika Media Group, Inc., through its Troika Services subsidiary provides integrated wireless network services. Coupled with Troika, Inc., the company will provide fan engagement and enrichment and analytics through advertising platforms for stadiums, arenas, festivals, hotels and other public venues.
"This partnership is the foundation for building a world-class agency offering multiple levels of service," Chris Broderick, Chief Operating Officer of Troika Media Group, said. "This is the first step in our long-term growth strategy, involving organic growth and potential future acquisitions."
With the combined expertise of Troika and Troika Services, Troika Media Group will blend brand-building with digital capabilities to create greater opportunities for fan and consumer engagement and monetization for brands.
"The vision for Troika was always to continue to grow, innovate and expand capabilities in the new age of digital media," Dan Pappalardo, President of Troika, Inc., added. "The current suite of services coupled with new capabilities will allow us to better serve our clients as well as take our expertise into new markets."
About Troika Media Group, Inc.
Troika Media Group, Inc. is a brand experience company. We provide integrated branding and advertising solutions for global brands using emerging technology, data and creativity to deepen engagement with consumers and fans. For more information, visit www.troikamedia.com.
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements regarding future events, developments, future performance, as well as management's expectations, beliefs, intentions, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties, some of which are outlined below. Any statements in this release that are not historical facts are forward-looking statements. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements involve risks and uncertainties, including, but not limited to, those relating to the successful branding of our Troika label, the continued growth, market acceptance of our existing and future products and services, the ability to create new products and services, growth in our revenue, the successful entry into new markets, our ability to raise capital to fund continuing operations, the ability to attract additional investors and increase shareholder value, the ability to achieve a sustainable profitable business, the effect of economic conditions, the ability to protect our intellectual property rights, and reduce the costs, the ability to comply with exchange listing standards for an up listing, competition from other providers and products, the merged entity's ability to establish and maintain strategic relationships, including the risk that key customer contracts may be terminated before their full term in view of the Merger, and other factors discussed from time to time in our Securities and Exchange Commission filings available through the web site maintained by the Securities and Exchange Commission at www.sec.gov. We undertake no obligation to update or revise any forward-looking statement for events or circumstances after the date on which such statement is made except as required by law.
Communications Manager, Troika, Inc.
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