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Jerrick Media Holdings Completes the Acquisition of Digital E-Commerce Agency Seller´s Choice
Monday 16 September 2019

16 September 2019 - US-based technology company Jerrick Media Holdings, Inc. (OTCQB: JMDA), the creator of Vocal, has closed its acquisition of full-service e-commerce marketing agency Seller's Choice, the company said.

Under the terms of the purchase agreement, Jerrick acquired Seller's Choice for USD 2m, representing an approximate 1.3-1.5 multiple of the company's projected 12-month-forward revenues, consisting of USD 340,000 in cash, a USD 660,000 promissory note and USD 1m in stock.

Jerrick is a holding company that develops technology-based solutions. Its flagship product Vocal is a long-form, digital publishing platform focused on supporting content creators by providing them with publishing tools and monetization features that are embedded within digital communities.

Vocal is architected to enable targeted marketing of branded content and e-commerce opportunities embedded within long-form content. Vocal's community sites are managed by a dedicated team, whose primary focus is on creating safe communities and identifying monetisation opportunities within them.

Seller's Choice is a full-service e-commerce digital marketing solution provider which leverages their platform and professional services to advance the reach of both B2B and B2C product and service brands.
Date Published: 16/09/2019
Target: Seller´s Choice
Country: USA
Sector: Advertising/PR
Type: Corporate acquisition
Status: Closed
Buyer: Jerrick Media Holdings
Terms of the deal were not disclosed