Business
Fernhill Corp is Pleased to Announce the Creation of MediaBloq, a New Subsidiary
Fernhill Corp is Pleased to Announce the Creation of MediaBloq, a New Subsidiary.
About this update from Fernhill Corp.
[{"type":"text","content":"Fernhill Corp (OTC Markets:FERN), a Software and Technology Services firm, currently delivering cloud-based enterprise platforms for Web3, Digital Assets and Data Aggregation, is pleased to announce the creation of a new subsidiary called MediaBloq, for the express purpose of launching a Global Media and Marketing Division.The plan going forward for Fernhill is to create various subsidiaries/divisions in order to facilitate synergistic acquisitions that support our targeted growth strategy. Creating a new media and marketing division is an important component of Fernhill’s growth potential, as each of our operating divisions require marketing and content based audience engagement in order to grow. Furthermore, to accommodate a targeted acquisition - the plan is for MediaBloq to become a stand alone profit center for Fernhill Corp, while also supporting our business divisions including DIGX (tokenization and digital asset marketplace), PerfectMine (digital asset mining and remote server optimization), and MainBloq (digital asset trading and data aggregation). “Strategically, we like to create subsidiaries as a place to house our acquisitions.“ said Fernhill President, Marc Lasky, “This allows the founders and current management of any acquisitions to stay on board with the company and run it in a semi-autonomous fashion. Not only have we found this to be a very efficient way to manage newly acquired companies, but it also is a great strategy to allow time for the company to grow and mature, which can eventually lead to it being spun out as its own publicly traded company.“Although it may seem like things have been rather quiet at times,” said Fernhill Chairman Chris Kern, “we are still diligently working to find strategic acquisitions and create alternative avenues that support our long term growth, while driving strong returns on investment and significantly improving shareholder’s equity. Media and Marketing is something that Fernhill’s management has quite a bit of experience with, so this is a natural next step for a host of reasons.” About Fernhill:Fernhill Corp is a Software and Technology Services firm, currently delivering cloud-based enterprise platforms for Web3, Digital Assets and Data Aggregation services globally. Fernhill is a Signatory Member of the Crypto Climate Accord (CCA), a Principal Member of the M...