January 28, 2019
JayZoMon Productions announces deal to merge with MythWurks Corporation
APPLE VALLEY, CALIFORNIA, January 28, 2019 — JayZoMon Productions and MythWurks Corporation announced a definitive agreement to combine businesses to create a premier, standalone global entertainment company. Under the agreement terms, JayZoMon would receive a combination of cash, debt securities, and retention of any debt. In addition, their shareholders would be bought out to create a new privately-owned company. The Boards of both JayZoMon and MythWurks have approved the transaction.
The companies expect the transaction will create substantial value for JayZoMon and MythWurks, bringing publication brands and media together in one Company.
In addition, creating a plan for leading direct-to-consumer (DTC) services for global consumers via online material.
It is uniting all publishing brands under one leadership.
Forming a new independent media company will open for fresh content as an alternative to more prominent brand names. Allowing for new talent to be hired all around the globe via internet connections—and genuinely creating a global company.
JayZoMon and its shareholders, with this transaction, provide an opportunity to unlock value in its media assets and better position the media business to take advantage of the attractive DTC trends in the industry.
Additionally, the transaction allows the Company to better capitalize on the longer-term demand for connectivity.
JayZoMon shareholders participate in a leading media company with a broad global portfolio of brands, tremendous DTC potential, and strengthened combined assets creating substantial value opportunities for JayZoMon shareholders through stepped-up investment in mobile and fixed broadband growth areas.
After closing, capital structure improvement will position JayZoMon as one of the best capitalized on digital and physical properties in the United States.
The new Company will be placed as a stronger competitor in global media. The new Company will compete globally in the fast-growing direct-to-consumer business — bringing compelling content to DTC subscribers across its platform, including The World of Myth Magazine and the recently relaunched JayZoModcast Podcast Network.
About MythWurks Corporation
MythWurks Corporation is an independent publications and media company founded in 1992. Its publications, comic book brands, and our online media and literary magazine provide marketers with innovative and relevant advertising solutions for consumers around premium content and digital advertising through its multiple platforms.
About JayZoMon Productions:
JayZoMon is the home to JayZoMon Publications, creating free online literature since 2012. JayZoModcast Podcast Network produced over one thousand hours of free podcasts and continues daily. JayZoMon Pictures is the home production studio of HELLo and Lost in Lace.
Forward-Looking Statements: This news release contains forward-looking statements subject to various risks and uncertainties. These risks and uncertainties include the conditions of the markets for the Internet, entertainment, and licensed merchandise, acceptance of the Company's subsidiaries, media, and merchandise within those markets, and other risks and factors identified in documents filed with the Securities and Exchange Commission. Accordingly, actual results could differ materially from those currently anticipated.
CW Winter: 760-221-1925