BlackBook2 Holdings, Corp. and Titan Global Entertainment, Inc. - News) recently announced that they have completed the business terms of a joint venture and exclusive licensing agreement. With the agreement the two entities plan to promote the entertainment distribution portal developed by Titan Global Entertainment, Inc. through BlackBook2's flagship website.
In March 2008 alone, BlackBook2.com reported more than 8 million unique visitors viewing two or more pages – approximately 2% of Yahoo's total reported traffic in the 4th quarter of 2007. All member services including BlackBook2's comprehensive suite of communication tools are offered "FREE" at BlackBook2.com. Currently, BlackBook2 has over 750,000 members and is capitalizing upon increasing traffic levels by utilizing advertising revenues in order to provide its services "FREE" of charge.
The license agreement provides BlackBook2 exclusive access to all the technology developed for Titan Global Entertainment's EGO Media Network. This includes access to all content and advertising currently under contract. Net revenues on this project are to be shared on a 50/50 basis between BlackBook2.com and Titan's ecomm3.com website. Additionally this agreement allows BlackBook2 first right of refusal to purchase the technology from Titan.
Michael Manocchio, CEO of Titan Global Entertainment, Inc. stated, "This has been a long time coming. This will add additional stock holder value as the company winds up its final stages of its overall restructure plans as we diligently move forward in achieving the company's business objectives and financial goals. We have worked hard to make sure that the company is positioned to continue to move forward and hope our shareholders see the value of this business relationship."
"Our company is pleased that we were able to complete this business relationship since it will add and make available a complete Music and Video library with more than 400,000 titles to our membership via Titan," stated Amy Nalewaik, CEO and President of BlackBook2 Holdings, Corp.
BlackBook2.com is becoming one of the fastest growing interactive social and business networking portals available today. As an advertiser driven portal, BlackBook2.com provides all services FREE of charge to its valued members. Offering host of products including: video email, video streaming, and video conferencing; BlackBook2 provides a truly comprehensive suite of communication tools. The company's mission is to be "ONE WORLD. ONE SITE." For more information about BlackBook2, call 954-370-9900 or go to BlackBook2.com.
Titan Global Entertainment, Inc is a multi-faceted entertainment distribution technology & networking company that specializes in reaching and marketing entertainment products and services as well as consumer goods to consumers via its network of media properties (radio, TV, Cable, magazines, newspapers and websites.) Titan is dedicated to supplying new emerging technologies for video and music to talented artists via the worldwide web. www.ecomm3.com