Business
Labwire, Inc. (OTC: LBWR) Announces Non-Binding LOI to Acquire Assure Media, LLC, a Leading High-Growth Lead Generation Technology Company Focused on Financial, Legal, and Home Services
Labwire, Inc. (OTC: LBWR) Announces Non-Binding LOI to Acquire Assure Media, LLC, a Leading High-Growth Lead Generation Technology Company Focused on Financial, Legal, and Home Services.
About this update from Labwire, Inc.
[{"type":"text","content":"Labwire Appoints Fernhill Corp's Management Team (OTC: FERN) to Drive M&A Transactions and Ongoing Operational Consulting ServicesPHOENIX, AZ / ACCESSWIRE / September 26, 2023 / Labwire, Inc. (OTC PINK:LBWR), a dynamic force in the technology sector, proudly unveils a significant milestone in its growth strategy. Today, the company announces signing a non-binding Letter of Intent (LOI) to acquire Assure Media, LLC, a leading high-growth lead generation technology company specializing in the financial, legal, and home services sectors. Under the terms of the agreement, Labwire is set to acquire 100% ownership of Assure Media for a total consideration of $4,000,000. The acquisition will be funded through a strategic combination of a debt offering and an innovative profit-sharing ("earn-out") payment structure. To ensure a smooth transition and successful post-acquisition operations, Labwire has enlisted the management team from Fernhill Corp.Labwire's strategic move comes at a pivotal moment in the lead generation industry. Performance Marketing and Lead Generation Firms are experiencing remarkable growth, serving businesses across diverse sectors, particularly those seeking effective outbound sales solutions and enhanced customer exposure. Google trend data shows a consistent rise in searches for the term "affiliate marketing," peaking at 100% in 2021. The Pay-per-call/Performance Marketing sector, a key component of the lead generation industry, has evolved into a global multibillion-dollar enterprise, with the U.S. commanding a significant share of the worldwide affiliate marketing market at 39%. The industry's value is projected to climb from $13+ billion to nearly $16 billion by 2024, underscoring its critical role in modern business strategies.Assure Media, Labwire's acquisition target, was founded in May 2020 and has rapidly ascended to achieve impressive financial results, with $22.2 million in revenue and $3.3 million in operating income. Over the past twelve months, the company has maintained its growth trajectory, reporting $8.7 million in revenue and $1.2 million in operating income. By incorporating seasoned executives, Assure Media is well-positioned to expand its existing business lines and seamlessly venture into new verticals.The company boasts an impressive roster of over 350 verified and ...