Conservative Media Group Makes Major Asset Acquisition
We are now living in the era of alternative media. The mainstream is slowly, but surely, going the way of the dodo, as more and more Americans have discovered that the realtime pac of social media will always outshine the filtered and flagellated narrative of the infotainment industry.
And, in this trend toward a truly free network of ideas and ideologies, no single arena has been a more potent and prosperous powder keg than the conservative side of the media spectrum.
Now, as the industry begins to gear up for a series of tough electoral cycles, and with plenty of content oozing forth from the White House, one of the bigger players in the alternative media game is making some major moves.
Powder Springs, GA, May 11, 2021 (GLOBE NEWSWIRE) — via NewMediaWire— CBMJ Inc., Conservative Broadcast Media & Journalism (CBMJ), today announced the signing of a Letter of Intent to acquire 100% of the assets of USA Depot, Inc. and its wholly owned subsidiary Patriot Depot.
The acquisition, targeted to close between 5-31-21 and 6-15-21, will enable the company to double the size of its annual revenue to approximately $7M.
Patriot Depot is an online retailer that distributes and sells Conservative and Christian themed supplies, apparel, pins, flags, patriotic gifts, glasses, novelties, books, DVDs and more.
The ream responsible for the merger was highly optimistic about the future of the business.
At closing Floyd Brown, Chairman of USA Depot, Inc. will join CEO Mark Schaftlein and President Brandon Vallorani on the Board of Directors of CBMJ.
“We are thrilled by the opportunity to combine the resources of the two businesses and deliver additional revenue and earnings potential for our shareholders. Having a long time Conservative Media Industry leader like Floyd Brown join our Board with the wealth of experience and contacts will only open up additional deal opportunities,” stated CEO Mark Schaftlein.
“This is very exciting. Since the Patriot Depot fulfillment center is in close proximity to our office, we’ll be able combine and consolidate our distribution business and utilize the combined digital advertising strengths of the two companies,” stated President Brandon Vallorani.
Floyd Brown, USA Depot Chairman, affirmed, “I have the utmost confidence in CBMJ and Brandon Vallorani’s operating team to significantly grow the combined operating company and deliver outsized shareholder returns as we grow the revenues and earnings. In a fractured Conservative Media environment, I’ll be focusing on additional businesses and assets to bring aboard our company.”
[Disclosure: FlagandCross.com is a member of the CBMJ network.]
