Fairfax, Va. - Video-sharing site Tubearoo said on Friday that it is looking more closely at a number of possible acquisition targets to grow its business.

The company trades on the over-the-counter market for micro-cap stocks.

"With relatively high market fragmentation, the Internet video business is primed for consolidation and acquisitions, and we have had the opportunity to loosely review a few acquisition opportunities," said Paul Medvedev, Tubearoo's president and CEO.

The Virginia-based company, which currently operates Tubearoo.com, Shoutwire.com, Teleroo.com and Tubearoo.cn, said that it is looking to develop and acquire other sites to add to its network.

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