Northern, WI 5/22/12 (StreetBeat) – NightCulture Inc. (OTCBB: NGHT) today announced that it has completed the acquisition of Stereo Live LLC, operator of the Stereo Live music venue inHouston, Texas.Stereo Live operates a 25,000 square foot venue located on 2 1/2 acres of land at 6400 Richmond Avenue in Houston, Texas. Stereo Live hosts music and cultural events in three distinct rental spaces with event capacities ranging from 100 to 3,000 and featuring state-of-the-art sound and lighting with 7 bar areas strategically located throughout the venue.
Michael Long, President and CEO of NightCulture, stated, "We are excited to add our own dedicated venue to host NightCultureevents. Stereo Live has been our go to venue for event promotion operations and will be a focal point of our branding and promotion initiatives going forward. By adding the venue to our portfolio we believe we can improve our operating efficiencies, add new profit centers, broaden our operations and further establish our position in the event promotion and production market."
About NightCulture Inc.
NightCulture Inc., "Concerts that Change Your Life," is a premier producer of live concerts and events. NightCulture operates in the following markets: Houston, TX, Austin, TX, San Antonio, TX, & Oklahoma City, OK. NightCulture events are primarily in the Electronic Dance Music (EDM) genre. Hundreds of thousands attendees have experienced our events and the number continues to grow with every show. With the decline in album sales and the emergence of online music downloading, touring and live performance is now a vital revenue stream for artists and musicians. NightCulture Inc. is uniquely positioned to take advantage of this monumental shift in the music industry and is the first Electronic Music oriented company to ever trade in the public markets.http://www.NightCulture.com
NightCulture Inc. has produced hundreds of concerts featuring world class artists such as: Tiesto, David Guetta, Deadmau5, Skrillex, Armin van Buuren, Benny Benassi, Kaskade, Infected Mushroom, Afrojack, Above & Beyond, Will.i.am from the Black Eyed Peas, Paul van Dyk, Rusko, Axwell from Swedish House Mafia, Ferry Corsten, Calvin Harris, Flux Pavilion, Gareth Emery, Markus Schulz, ATB, Sasha, John Digweed, Cosmic Gate, Pretty Lights, Paul Oakenfold, Carl Cox, Pete Tong, Richie Hawtin, Avicii, Bob Sinclar, Boys Noize, Hernan Cattaneo, Wolfgang Gartner, Bonobo, Deep Dish, plus many many more!
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