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WebMediaBrands Announced Acquisition of Social Gaming Summit, Virtual Goods Summit and iGames Summit

^{Published on 2010-01-04 04:10:09 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--On December 29, 2009, WebMediaBrands Inc. (Nasdaq: WEBM), the leading global provider of content, education, jobs, and events for business, media, and creative professionals, acquired all of the equity of 3rd Power LLC ("3rd Power") from Charles Edward Hudson. 3rd Power's main assets are three social media tradeshows (Social Gaming Summit, Virtual Goods Summit and iGames Summit), as well as several new tradeshows to be launched in 2010. Charles Edward Hudson is now a consultant to WebMediaBrands. Terms of the acquisition were not disclosed.

"3rd Power's social media tradeshows are leaders in their respective areas of coverage"

"3rd Power's social media tradeshows are leaders in their respective areas of coverage," stated Alan M. Meckler, Chairman and CEO of WebMediaBrands. "We expect these shows to continue their growth trajectories and we plan to add east coast and European versions in 2010. Additionally, our recent acquisition of Social Times brought us the Social Ad Summit and related social media blogs. These acquisitions, along with mediabistro.com's existing events and blogs, make WebMediaBrands a leading provider of social media tradeshows and content."

About WebMediaBrands Inc.

WebMediaBrands ([ www.webmediabrands.com ]), headquartered in New York, NY, is the leading global provider of content, education, jobs, and events for business, media, and creative professionals. The company consists of four distinct brands: mediabistro.com, LearnNetwork, Freelance Connect, and Semantic Web. Over 6 million users visit WebMediaBrands monthly.

All current WebMediaBrands press releases are online at
[ www.webmediabrands.com/corporate/press.html ].