On May 6, 2009,
in exchangemall,
by admin
Zuma Beach Entertainment, Inc (“Zuma”) (Pink Sheets: ZMBC) announced today that it will enter into an asset purchase agreement to acquire the assets of Exchangemall.com, Inc (“Exchangemall”) including First National Information Network, Inc., (“FNIN”) along with SalesRide.com, Investor Concepts, Fast Info 1, and the URL of Exchangemall.com, Inc. The all-stock transaction is valued at $8.5M, a purchase price that represents a premium of approximately 50% over the $0.21 valuation assigned by ERISA Valuation Associates within their 2008 Limited Scope Fractional Interest Market Valuation Report of Exchangemall.