Interactive Quiz Firm NTN Buzztime Buys Assets of I-Am TV

Authored by Mark Hefflinger on May 12, 2009 - 8:29am.

Carlsbad, Calif. - NTN Buzztime, a provider of interactive TV trivia games in bars and restaurants, said on Tuesday that it will acquired the assets of i-am TV from Instant Access Media for an undisclosed sum.

The deal includes around 1,400 flat panel TV screens that are part of an out-of-home entertainment and ad network located in over 360 hospitality venues in 15 markets.

NTN also said that investors in Instant Access Media are purchasing $750,000 in NTN common stock in a private placement.

"Our acquisition of assets from i-am TV has the potential to take our advertising sales initiative to an exciting new level," said NTN CEO Terry Bateman.

"By expanding our digital broadcast network into numerous prime locations in the top 15 DMAs, we are gaining critical mass to provide major national advertisers with uniquely powerful event, promotion, and sponsorship opportunities."

Related Links:
http://snipurl.com/hvzvr

http://www.buzztime.com

http://www.i-am.tv