LOS ANGELES--(BUSINESS WIRE)--Content Checked Holdings, Inc. (OTCQB: CNCK), creator of smartphone applications for individuals with dietary restrictions, today announced its completion of the acquisition of Honest Cooking Media, a premier digital culinary media company.
"The acquisition of Honest Cooking greatly expands the footprint of CNCK,” said Kris Finstad, CEO of Content Checked. "Honest Cooking’s ethos is all about a healthier lifestyle and reaches the exact audience that can benefit from our family of apps.”
Honest Cooking will become a standalone wholly-owned subsidiary of Content Checked and will add approximately an additional 70 percent to Content Checked’s revenue for this past year to its projected revenue for 2016. The deal was structured as $2 million in stock at a strike price of $1.46 per share.
"We cannot wait to incorporate what Honest Cooking does on the editorial and branded content side with the technology, data and targeting capabilities of Content Checked," said Kalle Bergman, founder of Honest Cooking, "We look forward to building an integrated online community dedicated to healthy cooking and living."
Honest Cooking features over 1,000 of the world’s most interesting food and beverage writers, bloggers, photographers and chefs, aiming to be the leading and most inspiring place for salivating recipes, beverages and culinary recommendations from across the globe.
About Content Checked:
Content Checked has created a revolutionary marketplace for people with dietary restrictions and the manufacturers who cater to them by creating the Content Checked, MigraineChecked and SugarChecked smartphone applications. These apps are the first applications with comprehensive, accurate and in-depth allergen information for over 70 percent of U.S. food products.
For more information, please visit Content Checked’s website www.contentchecked.com.
About Honest Cooking Media:
Honest Cooking Media is an international online culinary media company with the ambition to change the face of food media. Honest Cooking Magazine features over 1,000 of the world’s most interesting food & beverage bloggers, photographers and chefs. Those influencers are also part of The Creator Network, Honest Cooking’s branded content network, where premium advertisers gain access to uniquely created native content campaigns.
For more information, please visit Honest Cooking’s website www.honestcooking.com.
Forward-Looking Statements:
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements that are not a description of historical facts constitute forward-looking statements and may often, but not always, be identified by the use of such words as “expects”, “anticipates”, “intends”, “estimates”, “plans”, “potential”, “possible”, “probable”, “believes”, “seeks”, “may”, “will”, “should”, “could” or the negative of such terms or other similar expressions. Actual results may differ materially from those set forth in this release due to the risks and uncertainties inherent in the Company’s business. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended March 31, 2015, the Company’s Quarterly Reports on Form 10-Q and other filings submitted by the Company to the SEC, copies of which may be obtained from the SEC’s website at www.sec.gov. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. All forward-looking statements are qualified in their entirety by this cautionary statement and the Company undertakes no obligation to revise or update this release to reflect events or circumstances after the date hereof.
