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Experience Art and Design to Acquire Net Applications Holdings Formally Blabwire Media(Marketwire Via Acquire Media NewsEdge) PORTLAND, OR -- (Marketwired) -- 04/16/14 -- Experience Art and Design, Inc. (OTCQB: EXAD), today announced it has entered into an agreement to acquire all of the outstanding stock of privately-held Net Applications Holdings formerly Blabwire Media LLC, an Irvine, CA-based digital media company whose content-rich platform serves to integrate publishers and advertisers and optimize the marketing of trusted brands to their targeted audiences. Blabwire Media LLC, which powers over 35 websites and generates billions of ad impressions per year, has grown to $7 million in annual revenue. With the completion of its own recent acquisition of Net Applications and its online analytics and marketing platform, Blabwire Media LLC will absorb an additional 9,000 clients and service key accounts that include Microsoft, Apple and Dell. Blabwire Media, LLC will operate as a wholly-owned subsidiary of the public entity and will continue to be managed by its current executive team with more than 50 years experience in startups, tech and software development. The team is led by CEO Matt Hopkins, who was involved in the sales of Mapquest to AOL, Vicinity Corp to Microsoft and, most recently, Net Applications to Blabwire Media. Roy Rose the CEO of EXAD said, "Net Application is an exceptional company well positioned in its space, with strong sales and profits, as well as a management team that has had many successes in the software business prior to the merger." Matt Hopkins, CEO of Blabwire Media LLC, stated, "This merger allows us to unlock the full potential of the Net Applications acquisition and focus on our next generation analytics, antifraud, and advertising products we're set to release later this year." About Experience Art and Design Experience Art and Design (http://experiencead.com/) operates in the fine art and technology industry through its wholly-owned subsidiary, Chiurazzi Internazionale S.r.l., an Italian corporation which owns the Chiurazzi Foundry in Casoria, Italy. Chiurazzi creates reproductions from its Chiurazzi Mould Collection comprised of more than 1,650 artistic bronze sculpture moulds taken from original marble masterpieces housed in museums throughout the world. About Blabwire Media and Net ApplicationBlabwire Media (http://blabwire.com/)... Blabwire Media LLC was formed in February 2013 in Irvine, CA. Blabwire provides analytics, programmatic monetization, and optimization for mobile, display, and video advertising clients. Net Application (http://netapplications.com/)... Net Applications is a leading provider of analytics and a primary source of technology market share data. Net Applications clients include Microsoft, Apple, and Adobe. Forward-Looking StatementsThis press release includes statements that may constitute "forward-looking statements", including projections with respect to occurrence and timing of future events. We caution that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Because such statements inherently involve risks and uncertainties, actual future results may differ materially from those expressed or implied by such forward-looking statements. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," and other words and terms of similar meaning in connection with a discussion of future operating or financial performance. Factors that could cause or contribute to such differences include, but are not limited to: statements relating to future steps we may take, prospective products, prospective acquisitions and financings, future performance or results of current and anticipated products and acquired assets, sales efforts, expenses, the outcome of contingencies such as legal proceedings, and financial results. These cautionary statements should be considered in connection with any subsequent written or oral forward-looking statements that may be made by the Company or by persons acting on its behalf and in conjunction with its periodic SEC filings. You are advised, however, to consult any further disclosures we make on related subjects in our reports filed with the SEC. In particular, you should read the discussion in the section entitled "Cautionary Statement Regarding Forward-Looking Statements" in our most recent Annual Report on Form 10-K, as it may be updated in subsequent reports filed with the SEC. That discussion covers certain risks, uncertainties and possibly inaccurate assumptions that could cause our actual results to differ materially from expected and historical results. Other factors besides those listed there could also adversely affect our results. Contacts: Kenneth R. Kepp Chief Financial Officer Experience Art & Design, Inc. [email protected] Source: Experience Art and Design |