MEDIA POST — Apr 14 — Think Partnership agreed to purchase IceRocket, billionaire Mark Cuban's blog search engine. Earlier this month, Think acquired Litmus Media for ~$13 million, and is incorporating Litmus' PPC search ad network, click fraud prevention and shopping cart abandonment tools into its portfolio of Web companies.
Mark Brooks: The Think Partnership / CGI Holding bandwagon keeps on rolling. It split off it's online dating properties recently, however.
Mark Brooks: And the core business of Mountains West Exploration… Marketing? Internet? Matchmaking? Anything remotely similar? Nah. Profile "The principal activities of the Company is to acquire, explore and develop coal bed methane in the South Central Colorado region. The Company has approximately 4,740 gross acres of oil and gas leases rights in South Central Colorado, located in the southwestern part of the Raton Basin." ???
Mark Brooks: Scott Mitchell is blazing a trail acquiring marketing companies for CGI/Think.
YAHOO FINANCE — Dec 19 — Litmus Media marketing platform detects and protects against click fraud, increasing click-to-transaction conversion ratios and maximizing search marketing return on investment. Litmus has also developed and implemented a highly effective patent-pending abandoned shopping cart recovery technology called Second Bite, which increases sales for online retailers. The Company expects Litmus to add more than $4 million of pre-tax income to the Company during 2006. Purchase price is $6.5 million in cash and $6.5 million stock and earnout payments for shareholders up to a maximum aggregate of $21 million.
Mark Brooks: Think Partnership bought Vintacom/Relationship Exchange recently and also owns Cherish.com and other online dating properties.
BUSINESS WIRE — Dec 6 — Think Partnership expects iLead to add more than $3 million of pre-tax income to the Company during 2006. $7 million in cash and $7 million in common stock. Based in Utah, iLead Media creates one-of-a-kind, permission-based online lead generation campaigns and permission-based telemarketing leads to call centers around the world, and has strong relationships with affiliate marketing networks.
Mark Brooks: Think owns a number of internet marketing companies along with Vintacom/Relationship Exchange.
YAHOO NEWS CANADA — Dec 5 — Think Partnership has bought Canadian-based online dating company Vintacom Media Group Inc. in a cash-stock deal valued at about $5.2 million US. Vintacom hosts over 120 online dating sites in Canada and the U.S. Vintacom CEO Brad Hogg will continue to head the business, which employs 100 people.
Mark Brooks: Think Partnership recently bought Kowabunga (affiliate service) and PrimaryAds (affiliate network) and is in the process of buying Vintacom/Relationship Exchange. Scott spearheaded their numerous acquisitions.
BUSINESS WIRE — Aug 11 — ThinkPartnership continues to ink various letters of intent. The latest Member's Edge, which it is proposing to buy for $6.5 million-half in cash, half in common stock. Member's Edge operates both a Family Discount Network and a Voicemail program.
Mark Brooks: THK owns Cherish.com and other internet dating properties.
BUSINESS WIRE — May 17 — CGI Holding Corporation d/b/a Think Partnership reported record revenue of $10.2 million (166% increase) for Q1 2005. Pre-tax income was $1.4 million (48% increase). After-tax net income was $879k (37% increase). CEO Gerard Jacobs stated, "We are expecting Think Partnership's revenue for the full year 2005 to exceed $70 million." Think Partnership has eight subsidiaries: WebSourced (and Keyword Ranking), MarketSmart Advertising, Rightstuff (Bright Idea Studios), Checkup Marketing, Cherish, Ozona Online Network, KowaBunga! and PrimaryAds…and has signed letters of intent to acquire Vintacom (Relationship Exchange).
Mark Brooks: CGI/Think is looking for more marketing/online dating acquisitions.