SITO Mobile Signs Definitive Agreement to Acquire MediaJel in All-Stock Transaction
SITO MOBILE LTD COMMON (SITO)
NASDAQ:AMEX Investor Relations:
ir.sitomobile.com
Company Research
Source: PR Newswire
JERSEY CITY, N.J. and WALNUT CREEK, Calif., Sept. 16, 2019 /PRNewswire/ -- SITO Mobile Ltd. (NASDAQ: SITO) (the "Company" or "SITO") an insights-driven Consumer Behavior and Location Sciences™ company, and MediaJel, Inc. ("MediaJel"), a leading provider of advertising and marketing solutions for the cannabis industry, today announced that they have entered into a definitive agreement pursuant to which SITO will acquire 100% of the equity interests of MediaJel.MediaJel provides state-of-the-art advertising solutions for the digitally converged world, helping brands conquer and identify fragmentation created by today's consumers researching buying decisions on multiple fixed and mobile devices. MediaJel helps brands influence decision-making at the individual level - not the device level - and converge multiple identities to minimize waste, maximize spend and significantly increase conversion rates. MediaJel's primary focus is on the cannabis industry, a business vertical primed for TV
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