Welcome to WebProNews Breaking eBusiness and Search News
Advertise | Newsletter | Sitemap | News Feeds News Feed 
 WebProNews Search Part of the iEntry network iEntry inc. 

Search Engine Firm Merges With MBSL Group

WebProNews
Staff Writer
Published: 2004-10-18

WebProNews RSS Feed


Walnut Ventures, owner and operator of several Pay Per Click (PPC) Internet search engines, has signed a letter of intent to merge and combine operations with MBSL Group.

The merger transaction is expected to close within four to six weeks, subject to the completion of due diligence and the approval of the board of directors and a majority of shareholders.

Said Walnut Chief Executive Officer Dan O'Donnell: "Because of the additional capital options afforded through the structure of a public company, we anticipate that this merger will play a significant factor in our strategy to grow our Internet businesses organically as well as through future acquisitions."

MBSL Group Chairman Frank McPartland said, "We are very excited about entering one of the hottest growth industries to come along in a very long time. This anticipated merger represents a major step by management to maximize value for our shareholders. We believe Walnuts' Pay Per Click Search Engine business model is an ideal fit with our business strategy and feel that this deal coupled with our previously announced letter of intent to merge with Corporate Consulting Services, positions us well for rapid growth in multiple channels."

Based in San Francisco, Walnut owns a number of revenue producing Internet search properties that operate in the same space as firms like Google, Mamma.com, InfoSpace and AskJeeves. Walnut has long-standing partnerships with the top PPC search results providers and has a unique competitive advantage via its meta-search technology, which provides users with "one-stop shopping" for the best search results offered throughout the Internet.

In addition, Walnut offers search services to the Registrar/ Domain name channel and desktop search management tools, including a multi purpose toolbar and a desktop search application that allows users to search the internet without first opening a web browser.

Receive Our Daily Email of Breaking eBusiness News


About the Author:
WebProNews | Breaking eBusiness News Your source for investigative ebusiness reporting and breaking news.

WebProNews RSS Feed

More Articles

Contact WebProNews
Advertisement





TOP NEWS

Targeted Information for Business
WebProNews is part of the iEntry network

Internet Business: Marketing: Small Business:
WebProNews MarketingNewz SmallBusinessNewz
WebProWorld AdvertisingDay PromoteNews
EcommNewz SalesNewz EntrepreneurNewz

Software: Search Engines: Web Design:
WebMasterFree Jayde B2B DesignNewz
NetworkingFiles SearchZA FlashNewz
SecurityConfig SearchNewz WebSiteNotes

Developer: IT Management: Security:
DevWebPro ITManagement SecurityProNews
DevNewz SysAdminNews SecurityConfig
TheDevWeb NetworkingFiles NetworkNewz

The iEntry Network consists of over 100 web publications reaching millions of Internet Professionals. Contact us to advertise.
eBUSINESS RESOURCES






 Advertise | Contact Us | Corporate | Newsletter | Sitemap | Submit an Article | News Feeds
 WebProNews is an iEntry, Inc. ® publication - $line) { echo $line ; } ?> All Rights Reserved
About WebProNews
WebProNews is the number one source for eBusiness News. Over 5 million eBusiness professionals read WebProNews and other iEntry business and tech publications.

WebProNews provides real-time coverage of internet business.

Free Email Newsletters:
WebProNews SearchNewz
WebProWorld DevWebPro
Marketing SecurityNews
Plus over 100 other newsletters!

Send me relevant info on products and services.


WebProWorld
Ten most recent posts.

NetworkingFiles
Featured Software

WebProNews in the News
View all recent mentions of WebProNews from around the world!

Recent Articles On ...
Google eBusiness
Yahoo Ask Jeeves
MSN Blogs
Search Engines Blogging
Affiliate Programs Marketing
eCommerce Advertising
eBay Sun Microsystems
AOL Adsense
Microsoft Adwords
Oracle IBM
Amazon Apple
SEM Mac
SEO iPod
Adsense XBox
PR Adobe



iEntry.com WebProWorld RSS Feed WebProWorld Contact WebProNews Print Version Email a friend Bookmark us