IGSM Inc. , IGSM-OTC , today announced it has successfully acquired and closed media giant Richie Rich Entertainment Inc, www.richierichentertainment.net and will expand all operations to accommodate the growing company.
“ We are so pleased to have finalized and closed the transaction and believe now as a publicly traded company, Richie Rich will be able to expand to Latin America as well as continue to solidify its hold here in the United States as a leader in production and distribution of top records in Hip Hop, Americas number one seller at this time,” Said Richard Markle.
The record business is a 5 billion dollar a year industry in the U.S.A and growing in Latin America and Europe in great leaps and bounds.
“ Advertising is geared to this group, and we see no end in sight as the popularity continues to grow in the industry”
Richie Rich boasts top entertainment signed to include Tha Paper Boiz, J.D.Mac and King Tut The Don.
“ We are now going to expand distribution Domestically and Internationally, for the company to reflect the business of recording, marketing and sales in the entertainment business.” Said Richard Markle, President and CEO of Richie Rich Entertainment, Inc.
“ Now we will grow and continue to pursue top talent and give the public an assortment to choose from. Our aggresive approach with an American Inner city flair will open new merchandising opportunities to us along with increasing revenue from sales. The marketing of licensed products is a new avenue with revenues annually in the multi-millions,"-
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