Kahzam Executes Reverse Merger, Obtains Ticker Symbol
BOCA RATON, Fla.-(Business Wire)-September 15, 2009 - Kahzam (OTCBB: KHZM) – an emerging leader in the Fourth-Wave pay-per-click (PPC) online advertising field – has just completed a reverse merger with Centaurus Resources, Inc., a Delaware corporation.
Kahzam is fielding a comprehensive platform of next-generation online search and portal services, targeted for the $30 billion dollar Association and Affinity Group market. The Kahzam platform features fully integrated multimedia content, social networking, e-commerce and advertising that can be customized to meet the diverse needs of individual Associations, Affinity Groups and other similar organizations, as well as their millions of individual members. By doing so, Kahzam will meet associations’ greatest two needs – enhancing member services without raising dues, and generating additional revenue, again without raising dues.
In executing this reverse merger, Centaurus (OTCBB: CEUR), an inactive mining firm originally incorporated in July 2007, acquired 100 percent of the issued and outstanding common stock of Kahzam, Inc., a Florida Corporation, in exchange for 4,000,000 shares of Centaurus common stock. Following this acquisition, Centaurus completed a statutory merger, and the Centaurus name was changed to Kahzam, Inc. (a Delaware corporation).
Simultaneously with the merger, each share of issued and outstanding Centaurus common stock was exchanged for three shares of new Kahzam, Inc. (OTCBB: KHZM) common stock. Kahzam has 19,500,000 shares of common stock issued and outstanding; with shares selling at $1.85, Kahzam’s market cap is $36.075 million dollars. In the process of this reverse acquisition, Kahzam has acquired a new symbol – KHZM – as well as a dynamic business vision and a dramatic new mission.
Kahzam has developed a portal-based next-generation search engine, the core of a package of web-based Social Networking and Portal services Kahzam is offering to business and trade associations, not-for-profit foundations, social and charitable non-profits and other groups dependent on the continued support and goodwill of members or close-knit networks of donors.
Revenue for both Kahzam and the host Associations is generated through the sale of highly-focused and organizationally-appropriate PPC advertising permitting vendors to tastefully and professionally reach carefully targeted audiences with virtually no “waste circulation,” the bane of all conventional advertising. Kahzam provides advertisers a much lower CPM and a much higher return on their advertising investment. To date in 2009, while all other media have experienced declines in ad revenue, only the Internet and in-movie on-screen advertising are increasing – with Internet advertising rising more than 20 percent.
Kahzam’s aggregated, segmented, captive and loyal audience represents a “mother lode” for marketers. Adverse economic conditions, a highly fragmented media marketplace and ever more sophisticated and elusive consumers are forcing marketers to spend their advertising dollars more effectively, as well as more efficiently. They are turning away from traditional broadcast and print advertising and embracing Internet-driven marketing campaigns that precisely target consumers via data gleaned from behavioral tracking and social networking.
Kahzam has been specifically designed to deliver these targets. However, Kahzam’s proprietary business intelligence capabilities provide far more than mere data profiles. They provide real and valuable consumer perceptions, preferences and insights that will enable advertisers to craft laser-focused messages and offers that speak directly to individual consumers. As a result, Kahzam is poised to carve out a significant share of the estimated $23 billion dollar U.S. Internet advertising market.
Kahzam is currently beta-piloting its proprietary portal, search engine and closed-panel Social Networking services in final preparation for a formal program launch later in 2009.
As was the case with Centaurus Resources, Kahzam is currently majority-owned by GroupMolinari, a private investment banking firm with more than 20 years of continuous management success based on innovation and the offering of rock-solid securities for a select panel of investors.
About Kahzam, Inc.
Kahzam delivers a comprehensive, fully integrated, multimedia-driven search and portal platform to the Association, Affinity Group, Enterprise and Web Privacy markets. Through its proprietary technology and unparalleled service, Kahzam empowers these groups with the search results, customized content, member-to-member communication networks – as well as the targeted messages, offers and choices they require to strengthen their stakeholder relationships, further their strategic interests and satisfy their financial and communications needs.
For more information about Kahzam, its reverse merger, its stock split or its market listing, please contact Ned Barnett at 702-696-1200 or ned-groupmolinari@barnettmarcom.com.
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