SearchMedia Holdings Limited (NYSE Amex: IDI), (formerly Ideation Acquisition Corp.), one of China's leading nationwide multi-platform media companies, recently announced that its Board of Directors has approved a share and warrant repurchase program, authorizing the Company to repurchase in the aggregate up to $5.0 million of its outstanding common stock and/or common stock warrants. Repurchases may be made by the Company from time to time in open-market or privately-negotiated transactions as permitted by securities laws and other legal requirements, and subject to market conditions and other factors.
Top Best Penny Stocks, a leading financial publication, is pleased to alert investors of stocks on the move. Sign up for our Free Stock Newsletter.
SearchMedia Holdings Limited, formerly Ideation Acquisition Corp, is a blank check company formed for the purpose of acquiring, through a merger, capital stock exchange, asset acquisition or other similar business combination, one or more businesses. The Company is in development stage. Its efforts in identifying prospective target businesses will not be limited to a particular industry, it seeks to focus on businesses in the digital media sector, which encompasses companies that emphasize the use of digital technology to create, distribute or service others that create or distribute content for various platforms, including online, mobile, satellite, television, cable, radio, print, film, video games and software. In November 2009, Ideation Acquisition Corp. completed the acquisition of SearchMedia International Ltd., pursuant to which Ideation Acquisition Corp. changed its name to SearchMedia Holdings Limited.
Sign up for Top Best Penny Stocks' free newsletter. To subscribe, enter your e-mail address into the frame at the bottom of this press release or visit our website.
Follow us on Twitter: http://www.Twitter.com/topbestps
About Us
Top Best Penny Stocks is a leading stock web site that allows investors and interested parties to research stocks that are on the move. We also track small cap companies that are on the brink of a financial breakout. To feature a company on our web site please contact us at the email listed below.
Please click here to read the full disclaimer.
