CORRECTION: Bright Mountain Media, Inc. Announces Letter of Intent to Acquire S&W Media Group

Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

This release is replacing and correcting: Bright Mountain Media, Inc. Announces Letter of Intent to Acquire S&W Media Group, from May 23, 2019. Spelling of "Winsham" has been corrected to "Winshman," and the phrase "verified by white ops, pixelate and," was removed.

BOCA RATON, FL / ACCESSWIRE / May 28, 2019 / Bright Mountain Media, Inc. (OTCQB: BMTM), a digital media holding company whose primary focus is connecting brands with consumers as a full advertising services platform, announced today that on April 21, 2019, it entered into a non-binding letter of intent ("LOI") to acquire Slutzky & Winshman Ltd. d/b/a/ S&W Media Group ("S&W") in a cash and stock transaction.

Based in Tel Aviv, S&W Media Group is a global, cross-screen video content delivery and monetization platform. S&W enables content owners and media properties alike with the ability to deliver precision based targeted content and advertising with proprietary machine learning data. S&W brings efficiency and value to media owners by enabling them to quickly build and grow their business across all screens around the world. S&W is a trusted and transparent platform powering the most premium direct and programmatic dollars across the globe and at scale.

The closing of the transaction is subject to a number of conditions precedent, including satisfactory due diligence by us and the execution of definitive agreements, including employment agreements with the principal officers and directors of S&W Media.

The purchase price for the transaction is $750,000 cash and up to 13,000,000 shares of our common stock of which 7,000,000 shares are payable at closing. The balance of 6,000,000 shares are payable over three years upon achieving certain forecasts, including the following:

  1. For 2019 - Revenues of $12,430,919 and EBIDTA of $715,193;
  2. For 2020 - Revenues of $18,192,454 and EBIDTA of $1,932,283; and
  3. For 2021 - Revenues of $19,404,498 and EBIDTA of $2,010,293.

Kip Speyer, Chairman and CEO of Bright Mountain Media, said, "Recognizing the global presence of S&W Media and its young, creative and aggressive leadership makes this acquisition, if consummated, a major game changer for us. We believe that a global presence with offices in Israel will permit us to accelerate our growth worldwide." Together with the acquisition of Inform, Inc., if consummated, as previously reported, Mr. Speyer further stated, "We believe that the consolidation of our businesses will permit us to grow exponentially."

"Today's announcement with Bright Mountain is very exciting for us. We believe that the combination of our companies will facilitate our ability to take advantage of global opportunities and grow our combined company internally as well as with strategic acquisitions," said Messrs. Slutzky and Winshman.

The LOI is non-binding and there are no assurances that Bright Mountain Media will consummate the proposed acquisition of S&W Media. Stockholders and investors should not place undue reliance on the LOI.


Bright Mountain Media, Inc. (BMTM) is a digital media holding company whose primary focus is connecting brands with consumers as a full advertising services platform. Bright Mountain Media's assets include an ad network, an ad exchange platform and 25 websites (owned and/or managed) that provide content, services and products. The websites are primarily geared for a young, male audience with several that focus on active, reserve and retired military audiences as well as law enforcement and first responders.

Additional information about Bright Mountain Media can be found at:

Forward-Looking Statements for Bright Mountain Media, Inc.

This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties. Such forward-looking statements can be identified by the use of words such as ''should,'' ''may,'' ''intends,'' ''anticipates,'' ''believes,'' ''estimates,'' ''projects,'' ''forecasts,'' ''expects,'' ''plans,'' and ''proposes, '' and similar words. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict and could cause actual results to differ materially from those expressed or forecasted in the forward-looking statements, including, without limitation, statements made with respect to expectations of our ability to close the proposed acquisition of Inform, Inc., any the realization of any expected benefits from such transaction if closed. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading 'Risk Factors' in Bright Mountain Media, Inc.'s Annual Report on Form 10-K for the fiscal year ended December 31, 2018 as filed with the Securities and Exchange Commission on April 12, 2019 and our other filings with the SEC. Bright Mountain Media, Inc. does not undertake any duty to update any forward-looking statements except as may be required by law.


Bright Mountain Media:
Maria Montiglio
+1 (561) 998-2440

SOURCE: Bright Mountain Media

View source version on

Comment On!

Upload limit is up to 1mb only
To post messages to your Socail Media account, you must first give authorization from the websites. Select the platform you wish to connect your account to (via Easy Blurb).