Business
Two Growing South Florida Companies in Merger Talks, Wall-Street.com Says TransMedia and iTeknik 'Are A Fit'
Two Growing South Florida Companies in Merger Talks, Wall-Street.com Says TransMedia and iTeknik 'Are A Fit'.
About this update from Iteknik Holding Corporation
[{"type":"text","content":"\n\n\n\nTwo Growing South Florida Companies in Merger Talks, Wall-Street.com Says TransMedia and iTeknik 'Are A Fit'\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nTwo Growing South Florida Companies in Merger Talks, Wall-Street.com Says TransMedia and iTeknik 'Are A Fit'\nPR Newswire\nWEST PALM BEACH, Fla., Oct. 30, 2017\n\n\n\nWEST PALM BEACH, Fla., Oct. 30, 2017 /PRNewswire/ -- The award-winning Boca Raton-based PR firm TransMedia Group (www.transmediagroup.com) said it's in merger talks with a rising public company based here, iTeknik Holding Corporation (OTC PINK: ITKH).\n\nAccording to Paul Meadows of Wall-Street.com, \"these companies are a perfect fit\" as TransMedia Group has the strong market presence, brand awareness, talented and dedicated staff that iTeknik has been looking for as an acquisition to complement its other holdings in advertising and digital communication https://wall-street.com/teknik-holding-corporation-otc-itkh-in-acquisition-talks-with-transmedia-group/.\n\niTeknik said it's expanding its acquisition strategy to include PR after meeting TransMedia dynamic CEO Tom Madden, known as the \"Spin Man,\" the title of one of his best-selling books, and seeing the amazing success his PR firm TransMedia has had in helping its clients grow and prosper.\n\n\"After meeting Madden and his staff, we're in discussions to acquire an interest in TransMedia,\" said Fred Wicks, Chairman and CEO of iTeknik.\n\nMadden founded TransMedia Group in New York City soon after he left NBC, where he was Vice President, Assistant to the President, then Fred Silverman, for whom he worked previously at American Broadcasting Companies.\n\nTransMedia operates from a commercial building Madden owns in downtown Boca Raton.  One of his former clients, Carl DeSantis credits TransMedia's publicity for increasing Rexall Sundown's revenues from $150 million to over $900 million until DeSantis sold the Boca Raton-based public company for $1.6 billion.  \n\nMadden said he is impressed how iTeknik's revenues for the year ending June 30, 2017 were $1,144,925 vs. $95...