Indie Ranch Media, Inc. Completes Acquisition of Web Commerce, Inc.
27 Octubre 2008 - 6:30AM
Marketwired
Indie Ranch Media, Inc. (the "Company") (PINKSHEETS: INDR)
announced today that pursuant to a Stock Purchase and Sale
Agreement (the "Agreement") the Company has acquired Web Commerce
Inc. ("WEBCOM"), a Nevada Company.
Under the terms of the Agreement, the Company acquired all of
the issued and outstanding Shares of WEBCOM and has issued an
aggregate of 70,000,000 shares of its common stock to the
Shareholders of WEBCOM.
MANAGEMENT
As a result of the Acquisition Mr. Ross LaTerra has been
appointed as the Company's President and as a Director.
For the past 15 years Mr. LaTerra has served as an officer and
director of numerous private companies all focused in the
entertainment/media industry, including short term consultative
work to public companies. Mr. LaTerra also has an extensive
background as part of various production crews in the film and
television industry.
Currently he is also the President / CEO of ONCOR entertainment,
Inc. ("ONCOR"), a private company initially formed to produce a
music album for New Jersey Artist JGAR. The album was titled STAGE
DOOR and Ross served as Executive Producer of the project. Duties
included financing, securing ASCAP & BMI Licensing rights,
scheduling studio time as well as scheduling photo shoots, package
design and production of final CD. ONCOR's business services have
included video production and editing, music production and
promotion, self-marketing consultation and web services for
independent artists. Presently, ONCOR produces and promotes
concerts and live events, as well as providing consulting &
marketing services to small businesses in the New Jersey area.
Mr. LaTerra was also the Founder of www.RockForADifference.org,
a website developed with the sole purpose of promoting concerts and
events to benefit POAC (www.POAC.net), an Autism Education
foundation based out of Brick, New Jersey.
INDIE RANCH MEDIA, INC.
The Company's focus is now on combining strategy, ideas, and
execution with the culture of entrepreneurial spirit to develop new
media products faster, cheaper, and better. The Company plans to
expand its business opportunities through acquisitions or licensing
agreements with innovative internet and media companies which are
close to profitability. In addition The Company will offer studio
production, streaming media services, data center services such as
hosting and data backup and web design.
For further information please contact: Shareholder
Communications www.indranch.com Telephone: 888-280-8978
Indie Ranch Media (CE) (USOTC:INDR)
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Indie Ranch Media (CE) (USOTC:INDR)
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