New Motion is a mobile entertainment and Internet media company has completed its transaction with Traffix

What Company Is Offering:
New Motion, Inc. is a mobile entertainment and Internet media company providing a broad range of digital and mobile products. New Motion, Inc. combines and applies the power of the Internet, the latest in mobile technology, and traditional marketing/advertising methodologies to four strategic services – digital music, casual games, sweepstakes and communities.Brands include Altnet, a mobile legal music download service featuring original artists, GatorArcade, a premium online and mobile gaming site, Bid4Prizes, a low-bid mobile auction game, and iMatchUp, one of the first integrated web-mobile dating services.

Recent Updates:
New Motion, Inc. announced that it has completed its transaction with Traffix, Inc. pursuant to the Merger Agreement between the companies dated September 26, 2007. As a result of the closing of the transaction, Traffix, Inc. became a wholly owned subsidiary of New Motion. Immediately following the consummation of the merger, Traffix stockholders will own approximately 45% of the capital stock of New Motion, on a fully-diluted basis. Each issued and outstanding share of Traffix common stock was converted into the right to receive approximately 0.676 shares of New Motion common stock based on the capitalization of both companies on the closing date of the merger.
Management of both companies believe that combining this content into a single combined company portfolio will yield benefits to the combined company, including improving the overall quantity and quality of content accessed by users and subscribers, which should lead to longer subscription terms and a more attractive customer value proposition.
“This transaction combines two highly complementary companies into a digital advertising and entertainment network. We are now able to further leverage the growing convergence trend between the online and wireless mediums,” said Burton Katz, chief executive officer of New Motion. “Our advantage – similar to traditional media companies – lies in our proven business model where we efficiently monetize consumer audiences with both direct billing and third party advertising."
More at:http://www.newmotioninc.com/
http://www.traffixinc.com/

Company Contact Info:
New Motion, Inc.
Raymond Musci, 949-777-3700
raym@newmotioninc.com
or
Traffix, Inc.
Daniel Harvey, 845-620-1212
danh@traffixinc.com