Tallahassee, FL 1/12/12 (StreetBeat) -- Black Castle Developments Holdings, Inc. (Pink Sheets: BCDH), a holding company targeting the acquisition of undervalued, niche companies, announced today that the acquisition of bizM3 is currently on schedule and is expected to close shortly. Currently representatives of bizM3 are at the Consumer Electronics Association (CEA) 2012 International CES Convention in Las Vegas, NV.The Consumer Electronics Association (CEA) is the owner and producer of the International CES. CEA is the preeminent trade association promoting growth in the $186 billion U.S. consumer electronics industry. More than 2,000 companies enjoy the benefits of CEA membership, including legislative advocacy, market research, technical training and education, industry promotion, standards development and the fostering of business and strategic relationships.
Michael Teague, CEO of bizM3 states, "Participating in this convention is a vital part of our research, marketing and technology advancements. This is the most important convention a technology company can participate in. Upon returning and consummating our deal with BCDH, this transaction will combine two pioneering organizations into a single company with an essential technology, financial resources and expertise to uniquely meet the rapidly evolving needs of companies around the world.
"This merger makes tremendous sense for our clients, shareholders and employees. It marks an unparalleled opportunity for two successful, mission- driven organizations to unify with a singular focus on being the premier partner and platform for mobile marketing on a global basis," said Jeff Holroyd, BCDH's President and Chief Executive Officer. "Together with efforts, we have one of those rare and special opportunities to truly improve mobile marketing on a global scale."
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