Blockchain Moon Acquisition 's Comment on Competition and Industry Peers
The internet and industries that operate through it are intensely competitive.
We compete with other companies that have significantly greater financial, technical,
marketing, and distribution resources. Our competitors include FoxNews.com, Yahoo!,
AOL and its subsidiary Huffington Post. Yahoo!, AOL and Huffington Post were recently
acquired by Verizon Communications as it looks for growth in the digital, mobile
and video marketplace.
We believe that we can effectively compete in the marketplace for the following
reasons:
the acquisition of Daily Engage Media will accelerate the development of the
Bright Mountain Media Ad Exchange Network;
we have limited ourselves to certain niche, but significant and identifiable,
markets;
we have customized our websites to the interests of our users and provide excellent
content and news; and
our CEO, W. Kip Speyer, has had extensive entrepreneurial and management experience,
including experience with public companies.
Most of our competitors have significantly greater financial, technical, marketing
and distribution resources as well as greater experience in the industry than
we have. There are no assurances we will ever be able to effectively compete
in our marketplace. Our websites may not be competitive with other technologies
and/or our websites may be displaced by newer technology. If this happens, our
sales and revenues will likely decline. In addition, our current and potential
competitors may establish cooperative relationships with larger companies, to
gain access to greater development or marketing resources. Competition may result
in price reductions, reduced gross margins and loss of market share.
Publicly Traded Peers of Blockchain Moon Acquisition Corp
Sources:
Blockchain Moon Acquisition Corp’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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