Press Release: City Brand Media (CBM) Announces Agreement to Develop HongKong.com
HongKong.com will be the flagship site of City Brand Media’s International portfolio, which now numbers 200 sites.
Scottsdale, AZ, October 20, 2016 –(PR.com)– City Brand Media, LLC (“CBM”) announced a major partnership agreement with PortMedia Holdings Ltd (“PortMedia”) to develop one of the top cities in the world, HongKong.com.
“Our entire organization is excited to finalize this very important agreement, as Hong Kong is one of the top 10 cities in the world,” states Fred Mercaldo, CEO and Partner in City Brand Media, LLC. “HongKong.com will be a very special project, and will headline our very strong international portfolio, which now numbers over 200 cities and regions. With over 28,000,000 visitors per year going to Hong Kong, generating over $40,000,000 per year in revenue, CBM will focus on the travel and tourism aspect of this incredible City, along with providing a visual and content rich experience on what is sure to become the #1 trafficked site for all things relating to Hong Kong.”
Development is already underway, and numerous local relationships have been established in Hong Kong to assist the project.
PortMedia began negotiations with CBM in early 2016, and after many discussions regarding strategies and the direction in which the site would be developed, decided that CBM would be the ideal partner for this project.
“PortMedia is very excited to be working with CityBrandMedia on HongKong.com. We are looking forward to developing a great site that is a fitting representation of the world-class city of Hong Kong, and we anticipate a long and fruitful partnership with CBM.”
Anticipated launch is the first quarter of 2017.
For additional information:
City Brand Media
About City Brand Media, LLC: CBM, with offices in Oakland, California and Scottsdale, Arizona, is an online advertising, media and marketing company that specializes in the City(dot)com business model. CBM develops the software platforms, and manages all of the sales, marketing, social media, advertising, and strategic partnerships for its portfolio of over 450 City based brands. The leading company in this space, CBM is projecting that its managed and owned portfolio will number over 1,000 geo-based brands by the end of 2017.
The CEO and Partner of Scottsdale.com, Fred Mercaldo, is a pioneer in the Geo Domain industry. Fred currently serves as the President of the newly-formed GeoPublishers.com trade association which is a non-profit organization that provides support and a vision for anyone who owns, works in, or is interested in the local online business.