Emerging Media Holdings, Inc. (EMDH.OB) Acquisition of Genesis International Creates New Avenues of Growth in Romanian Market
Emerging Media Holdings today announced it has inked an acquisition agreement with Genesis International SA, one of Romania’s most rapidly advancing infrastructure development companies focusing on road construction and rehabilitation. Per the agreement, Emerging Media will acquire 60 percent of Genesis, giving it an immediate boost in sales, assets and earnings. The acquisition is a sharp contrast from Emerging Media’s current subsidiaries, Media Alianta and Analiticmedia-Grup, one of Eastern Europe’s leading TV advertising and production companies, but is expected to widen the company’s expansion efforts. "Acquiring Genesis is the beginning of our growth strategy to have two solid business foundations…