Millennial-focused and digital marketing company, SharkReach Inc. (OTC Pink: SHRK) is seeing shares rally around 8% on Thursday, July 21, 2016. Over the past month, the marketing firm has seen average daily volume of around 120,481 shares. However, nearly 383,200 shares or dollar volume of around $63,726 had exchanged hands in the early hours of trading Thursday.

The big news out of SharkReach Inc. (OTC Pink: SHRK) comes from a press release detailing of a $16 million merger with Mastermind Involvement Marketing, LLC, which is engaged in Millennial-influenced marketing solutions. Here is the press release detailing of the recent acquisition:

HERMOSA BEACH, California, July 20, 2016 /PRNewswire/ —

SharkReach, Inc. (“SharkReach®” or the “Company”) (SHRK) a millennial influence marketing company today announced that on July 14, 2016, it entered into a definitive agreement to acquire 100% of the 30+ year old advertising and marketing agency, Mastermind Involvement Marketing, LLC (“Mastermind” or “MIM”). The transaction is structured in cash and stock, with SharkReach acquiring MIM and merging MIM into a wholly owned subsidiary of the Company.

The total purchase price for 100% of MIM is approximately $16 million in cash and stock of the Company, including all earn outs, spread out over a two and a half year period at the then current trading price of the stock at the time of issuance. Among other closing conditions, the transaction is subject to the Company entering into definitive employment agreements, Lock Up agreements and related agreements with MIM’s principals and the completion of an audit of MIM.

For over 30 years, Mastermind has been an award winning industry leader.  Advertising Age, the leading global source of news, intelligence and conversation for marketing and media communities, designated Mastermind as “An Ad Age Top-50 integrated marketing agency” with experience working with a diverse group of clients over its 30+ year history. Its clients include, The Home Depot, Hanes, Georgia-Pacific, Macy’s, Bayer and CITI. (See more comprehensive list of past and present clients below or you can go to: http://www.mastermindmarketing.com/clients.html)

Product names, logos, brands and other trademarks referred to are the property of their respective trademark holders. These trademark holders are not affiliated with, nor sponsor or endorse Mastermind Involvement Marketing, LLC.

Steve Smith, the Company’s CEO said, “This transaction with Mastermind gives us immediate access to its Fortune 100 clients in a variety of industries, providing us with the opportunity to introduce influencer marketing and integrated data services to Mastermind’s award winning creative, social and strategy to our client base.  We also immediately acquire a steady cash flow with annual growth, a stellar management team, with top line revenues last year of just under $3,900,000 with EBITDA of over 30% (based upon internal unaudited financial information provided by Mastermind in connection with the Merger Agreement). This is the first step in our plan to build shareholder value through additional mergers, acquisitions and strategic alliances.

“Not only are we gaining a successful counterpart and its many contracts in this transaction, we are also getting two recognized and seasoned professionals with a long list of achievements in the sector, who will add strategy, creative and management expertise to the Company.”

Dan Dodson, the CEO of Mastermind said: “Mike Gelfond and I are extremely excited joining the growing SharkReach organization. Our client work and business philosophies are a natural fit.  Steve has built a great team, and influencer marketing is a space that the combined entity will flourish.”

Kevin Harrington, an original “Shark” on “Shark Tank”, who has previously agreed to join the Company’s Board and who assisted the Company in this acquisition, stated: “I couldn’t be more excited to see Dan & Mike joining forces with us at SharkReach. We all see great synergy and rapid growth ahead. When combined with other upcoming acquisitions in the pipeline for this summer, we are to quote Forbes”, referring to a Company PR issued February 3, 2016 “Forbes Article Says SharkReach, Inc. “Poised to Skyrocket” .

About Mastermind Involvement Marketing, LLC.

Mastermind Involvement Marketing, LLC is an award-winning digital marketing agency that creates, designs and develops branding and marketing campaigns primarily for large corporate clients. Founded in 1984, it has been pioneering new ways to connect consumers with products and services. Headquartered in Atlanta, GA., the company has 20 over full time employees. Its clients include Bayer, Harman International, Harley-Davidson, Citi and Staples.

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