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Ad.Venture Partners, Inc. to Acquire a $300 Million Services Provider in the Media and Communications Industry.

Publication: Business Wire
Publication Date: 29-JAN-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
All Stock Transaction; Trust Account Cash to Be Used for Working Capital And Acquisition Purposes

NEW YORK -- Ad.Venture Partners, Inc. (the "Company", OTCBB: AVPA.OB, AVPAW.OB, AVPAU.OB) announced today that it has executed a letter of intent to acquire a leading provider of services to the media and communications industry (the "Target"). The Target generated in excess of $300 million in revenue in 2006, is EBITDA positive, and has been rapidly growing. The Company expects to pay approximately seven times current year EBITDA, which is expected to grow substantially in 2007.

The Company expects the transaction to be structured as an all stock deal with the proceeds in the Company's trust account, subject to the conversion rights of the Company's...

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