Magic Media Networks acquires AV systems integrator

Magic Media Networks entered into a definitive agreement to acquire all of the outstanding capital stock of Integrated Media Systems, DBA Be Media.

Be Media is an AV systems integration firm whose clients include Jillian's, Lucky Strike Lanes, Indigo Joe's, Puma and the Wilshire Grand Hotel. Be Media, now embarking on international expansion, had revenues in 2005 exceeding $5 million.

Closing of the agreement is subject to acceptable financing terms. The parties anticipate a September 2006 closing date.

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