Two-Year Multi-Channel, Multimedia Deal May Surpass $1 Million
DENVER, March 22, 2017 (GLOBE NEWSWIRE) -- Bang Holdings Corp. (OTCQB:BXNG), through its subsidiary Bang Digital Media, is a digital advertising company that provides content and its influencer-based marketing network to the legal cannabis industry, today announced it has been awarded a two-year, $250,000 licensing and management contract from a Colorado-based cannabis company.
Slated for launch in April 2017, the contract includes performance bonuses that can increase its total value to over $1 million. The contract provides for Bang Digital Media to develop and deliver social media management, content creation, video production, and the building of a unique social media website and app. The customer’s name is not being disclosed at this time for competitive reasons.
“Not only are we coordinating the entire digital strategy for this organization, but we are also promoting the launch of its 13,000 square-foot facility in Denver into a beautiful new brick and mortar space designed with a community theme," said Steve Berke, Chief Executive Officer of Bang Digital Media. "We are thrilled to partner in this exciting project and are confident it will serve as a solid example of the multichannel, multimedia marketing initiative that Bang is uniquely qualified to successfully implement.
“I love this partnership because it rewards performance,” Berke said. “Bang will be compensated for every impression and video view, so this is a fantastic opportunity for Bang to showcase our talent, unique digital cannabis marketing platforms and, strategically, to further solidify our position and reputation in the U.S. cannabis community,” Berke concluded.
About Bang Holdings Corporation
Bang Holdings Corporation (OTCQB:BXNG), through its subsidiary Bang Digital Media, provides brand management, cannabis related digital content and influencer-based marketing for the cannabis industry. While major media providers restrict online marijuana advertising, Bang Holdings’ marketing networks allow cannabis companies to directly reach cannabis enthusiasts.
Since launching its digital channel 4TwentyToday across multiple digital platforms in 2014, Bang Digital Media’s network has grown to reach more than 1.5 million engaged enthusiasts and has generated around 620 million content views. Bang’s expanded network of marijuana-friendly social influencers reaches an additional 20 million potential customers. For more information, please visit www.bangholdings.com.
Forward-looking Statements
Certain matters discussed in this press release may contain statements, estimates and projections that involve risks and uncertainties in Bang Holdings' business that may cause actual results to differ materially from those anticipated by the statements made herein. Such statements, estimates and projections constitute forward-looking statements within the meaning of the federal securities laws. Bang Holdings undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. No representations or warranties are made as to the accuracy of such forward-looking statements or whether any of the projections included herein will be realized.