$SHRK News - SharkReach, Inc. Reaches Agreement To Acquire Key Strategic Instagram Partner With Presently Projected 2016 Revenues of $1.5 Million

HERMOSA BEACH, California, - (http://www.financialnewsmedia.com News Alert) - SharkReach, Inc. (\"SharkReach(R)\" or the \"Company\") (OTC Markets: SHRK) a millennial influence marketing company today announced that it has reached an agreement to acquire 100% of a key strategic partner in the millennial social media marketplace.



Under the terms of the agreement, at Closing the Company will acquire 100% of The Mobile Media Lab, LLC for cash and stock in the Company. Closing is scheduled to take place on or before February 28, 2016 but can be extended thirty days by agreement of the parties. Details of the transaction will be released in an upcoming 8K filing.



The Mobile Media Lab focuses on Instagram. - In fact, its founders were some of Instagram\'s earliest adopters: they started the NYC Instagram Meetup Group in March 2011 and were placed on Instagram\'s Suggested User List shortly thereafter. They turned their passion into The Mobile Media Lab in March of 2012 in order to shape the way brands interact with influencers and their audiences on Instagram. By leveraging personal relationships with hundreds of Instagrammers around the world, their unique approach connects clients with the right Instagrammers for their campaigns. They are the first creative agency to focus on Instagram and have been shaping the way brands advertise with influencers and their audiences on Instagram for nearly 4 years.



\"Instagram is definitely the hottest influencer platform going today\", said Jim Louderback, Managing Partner at The Louderback Group and a Member of the Company\'s Board of Advisors.



\"The top creators drive incredible awareness, intent and activity when they promote products and services in an authentic way. Shark Reach has made a major step forward with this acquisition in this exciting ecosystem.\" He added.



\"This is just the first in a line of key strategic acquisitions that the Company plans to make in order to have the largest footprint of all the players in this space as quickly as possible and, at the same time, to acquire additional components and expertise in order to increase our operational assets to better serve our clients and to exponentially grow our revenues in the shortest possible amount of time\" added Steve Smith, SharkReach Founder and CEO.