BEVERLY HILLS, CA – AdultVest Inc., an investment bank that concentrates on adult industry mergers and acquisitions, has acquired iPorn.com. The acquisition coincides with the firm’s online marketplace topping $7 billion in available capital for adult industry related investments, according to a company spokesperson.“We are very excited about the acquisition of iPorn.com,” said AdultVest Chairman Francis Koenig. “Investors in our Priapus Investment Fund LLC are extremely pleased to be a part of this landmark purchase.”
Koenig said the company has “big plans” for iPorn.
“This acquisition is a natural fit,” he said. “Our team has incredibly strong technical and marketing capabilities, and we have already developed several mobile and SMS technologies that are in the process of being patented. Our developers are already hard at work on what will be ‘the iPorn.com platform,’ and we have begun to cut deals with technology providers and major adult studios.”
The iPorn acquisition will not be the only one this year, Koenig indicated.
“We have several major acquisitions on the horizon which will complement iPorn nicely,” he said. “Our goal will be to bring these combined acquisitions public. Ultimately our goal is to assist in bringing all the successful adult companies public, not just the ones we invest in.
“Our online investment community [at AdultVest.com] is now growing at the rate of $300 million USD per week, and quite a few of the companies listed have successfully secured funding through our online marketplace. The public wants to invest in this industry, but there are not enough opportunities out there in the public market. We are working to create those opportunities.
“Transparency and liquidity build credibility and investor confidence, which ultimately drives the price of a company higher,” Koenig continued. “I believe this is the formula to unlocking value in some of the adult industry’s hidden gems.”
